Rivernorth Specialty Finance Etf Probability Of Bankruptcy
| RSF Etf | USD 15.20 0.06 0.40% |
RiverNorth |
RiverNorth Specialty Finance ETF chance of financial distress Analysis
RiverNorth Specialty's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current RiverNorth Specialty Probability Of Bankruptcy | Less than 9% |
Most of RiverNorth Specialty's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RiverNorth Specialty Finance is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of RiverNorth Specialty probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting RiverNorth Specialty odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of RiverNorth Specialty Finance financial health.
The market value of RiverNorth Specialty is measured differently than its book value, which is the value of RiverNorth that is recorded on the company's balance sheet. Investors also form their own opinion of RiverNorth Specialty's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Specialty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RiverNorth Specialty's market value can be influenced by many factors that don't directly affect RiverNorth Specialty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RiverNorth Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Specialty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, RiverNorth Specialty Finance has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the family and significantly higher than that of the High Yield Bond category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
RiverNorth Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RiverNorth Specialty's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RiverNorth Specialty could also be used in its relative valuation, which is a method of valuing RiverNorth Specialty by comparing valuation metrics of similar companies.RiverNorth Specialty is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
RiverNorth Fundamentals
| Shares Outstanding | 4.56 M | ||||
| Shares Owned By Institutions | 28.06 % | ||||
| Number Of Shares Shorted | 1.61 K | ||||
| Price To Earning | 4.98 X | ||||
| Short Ratio | 0.22 X | ||||
| Earnings Per Share | 3.49 X | ||||
| Market Capitalization | 78.73 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 7.13 % | ||||
| One Year Return | 9.68 % | ||||
| Three Year Return | 3.50 % | ||||
| Five Year Return | 6.21 % | ||||
| Last Dividend Paid | 1.99 |
About RiverNorth Specialty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorth Specialty Finance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorth Specialty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorth Specialty Finance based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in RiverNorth Etf
RiverNorth Specialty financial ratios help investors to determine whether RiverNorth Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RiverNorth with respect to the benefits of owning RiverNorth Specialty security.