Riverfront Strategic Income Etf Market Value
| RIGS Etf | USD 23.20 0.09 0.39% |
| Symbol | RiverFront |
The market value of RiverFront Strategic is measured differently than its book value, which is the value of RiverFront that is recorded on the company's balance sheet. Investors also form their own opinion of RiverFront Strategic's value that differs from its market value or its book value, called intrinsic value, which is RiverFront Strategic'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 RiverFront Strategic's market value can be influenced by many factors that don't directly affect RiverFront Strategic'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 RiverFront Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverFront Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverFront Strategic'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.
RiverFront Strategic '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 RiverFront Strategic'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 RiverFront Strategic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in RiverFront Strategic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding RiverFront Strategic Income or generate 0.0% return on investment in RiverFront Strategic over 180 days. RiverFront Strategic is related to or competes with FlexShares Ready, RiverFront Dynamic, Invesco Global, and RiverFront Dynamic. The fund seeks to achieve its investment objective by investing in a global portfolio of fixed income securities of vari... More
RiverFront Strategic 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 RiverFront Strategic'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 RiverFront Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4601 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.5236 |
RiverFront Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverFront Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverFront Strategic's standard deviation. In reality, there are many statistical measures that can use RiverFront Strategic historical prices to predict the future RiverFront Strategic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.6061 |
RiverFront Strategic Backtested Returns
Currently, RiverFront Strategic Income is very steady. RiverFront Strategic maintains Sharpe Ratio (i.e., Efficiency) of 0.0087, which implies the entity had a 0.0087% return per unit of risk over the last 3 months. We have found thirty technical indicators for RiverFront Strategic, which you can use to evaluate the volatility of the etf. Please check RiverFront Strategic's Risk Adjusted Performance of (0.01), semi deviation of 0.4201, and Coefficient Of Variation of 18974.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.0035%. The etf holds a Beta of -0.0131, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RiverFront Strategic are expected to decrease at a much lower rate. During the bear market, RiverFront Strategic is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
RiverFront Strategic Income has good reverse predictability. Overlapping area represents the amount of predictability between RiverFront Strategic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RiverFront Strategic price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current RiverFront Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
RiverFront Strategic lagged returns against current returns
Autocorrelation, which is RiverFront Strategic 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 RiverFront Strategic's etf expected returns. We can calculate the autocorrelation of RiverFront Strategic returns to help us make a trade decision. For example, suppose you find that RiverFront Strategic 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 |
RiverFront Strategic 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 RiverFront Strategic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiverFront Strategic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiverFront Strategic etf over time.
Current vs Lagged Prices |
| Timeline |
RiverFront Strategic Lagged Returns
When evaluating RiverFront Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiverFront Strategic etf have on its future price. RiverFront Strategic 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, RiverFront Strategic autocorrelation shows the relationship between RiverFront Strategic etf current value and its past values and can show if there is a momentum factor associated with investing in RiverFront Strategic Income.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out RiverFront Strategic Correlation, RiverFront Strategic Volatility and RiverFront Strategic Alpha and Beta module to complement your research on RiverFront Strategic. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
RiverFront Strategic 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.