Rivernorth Active Income Etf Market Value
| CEFZ Etf | USD 8.19 0.04 0.49% |
| Symbol | RiverNorth |
The market value of RiverNorth Active Income 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 Active's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Active'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 Active's market value can be influenced by many factors that don't directly affect RiverNorth Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Active'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.
RiverNorth Active 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RiverNorth Active's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RiverNorth Active.
| 05/28/2025 |
| 12/24/2025 |
If you would invest 0.00 in RiverNorth Active on May 28, 2025 and sell it all today you would earn a total of 0.00 from holding RiverNorth Active Income or generate 0.0% return on investment in RiverNorth Active over 210 days. RiverNorth Active is related to or competes with Hoya Capital, KraneShares Emerging, Roundhill GLP, Franklin Templeton, Pacer Trendpilot, Research Affiliates, and Invesco SP. The investment seeks to link the price return version of the ISE High Income Index More
RiverNorth Active Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RiverNorth Active's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RiverNorth Active Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7285 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.14 |
RiverNorth Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorth Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverNorth Active's standard deviation. In reality, there are many statistical measures that can use RiverNorth Active historical prices to predict the future RiverNorth Active's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.014 |
RiverNorth Active Income Backtested Returns
At this stage we consider RiverNorth Etf to be very steady. RiverNorth Active Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0419, which implies the entity had a 0.0419 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for RiverNorth Active Income, which you can use to evaluate the volatility of the etf. Please check RiverNorth Active's Coefficient Of Variation of 3644.36, semi deviation of 0.6364, and Risk Adjusted Performance of 0.0191 to confirm if the risk estimate we provide is consistent with the expected return of 0.0294%. The etf holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RiverNorth Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiverNorth Active is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
RiverNorth Active Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between RiverNorth Active time series from 28th of May 2025 to 10th of September 2025 and 10th of September 2025 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RiverNorth Active Income price movement. The serial correlation of -0.17 indicates that over 17.0% of current RiverNorth Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RiverNorth Active Income lagged returns against current returns
Autocorrelation, which is RiverNorth Active etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RiverNorth Active's etf expected returns. We can calculate the autocorrelation of RiverNorth Active returns to help us make a trade decision. For example, suppose you find that RiverNorth Active has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RiverNorth Active regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RiverNorth Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiverNorth Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiverNorth Active etf over time.
Current vs Lagged Prices |
| Timeline |
RiverNorth Active Lagged Returns
When evaluating RiverNorth Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiverNorth Active etf have on its future price. RiverNorth Active autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RiverNorth Active autocorrelation shows the relationship between RiverNorth Active etf current value and its past values and can show if there is a momentum factor associated with investing in RiverNorth Active Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether RiverNorth Active Income offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RiverNorth Active's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rivernorth Active Income Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Rivernorth Active Income Etf:Check out RiverNorth Active Correlation, RiverNorth Active Volatility and RiverNorth Active Alpha and Beta module to complement your research on RiverNorth Active. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
RiverNorth Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.