Rivernorthdoubleline Strategic Income Fund Market Value
| RNSIX Fund | USD 8.91 0.02 0.22% |
| Symbol | Rnsix |
Rnsix '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 Rnsix's mutual fund 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 Rnsix.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Rnsix on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorthdoubleline Strategic Income or generate 0.0% return on investment in Rnsix over 30 days. Rnsix is related to or competes with Aqr Long-short, Ab Select, Goldman Sachs, Chartwell Short, Maryland Short-term, Franklin Federal, and Siit Ultra. The funds adviser allocates the funds assets among three principal strategies Tactical Closed-end Fund Income strategy, ... More
Rnsix 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 Rnsix's mutual fund 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 Rivernorthdoubleline Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.255 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3378 |
Rnsix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rnsix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rnsix's standard deviation. In reality, there are many statistical measures that can use Rnsix historical prices to predict the future Rnsix's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.4758 |
Rivernorthdoubleline Backtested Returns
At this stage we consider Rnsix Mutual Fund to be very steady. Rivernorthdoubleline maintains Sharpe Ratio (i.e., Efficiency) of 0.0257, which implies the entity had a 0.0257% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rivernorthdoubleline, which you can use to evaluate the volatility of the fund. Please check Rnsix's Risk Adjusted Performance of (0.0004), semi deviation of 0.1544, and Coefficient Of Variation of 3083.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0056%. The fund holds a Beta of -0.0062, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rnsix are expected to decrease at a much lower rate. During the bear market, Rnsix is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
Rivernorthdoubleline Strategic Income has good predictability. Overlapping area represents the amount of predictability between Rnsix time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Rivernorthdoubleline price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Rnsix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rivernorthdoubleline lagged returns against current returns
Autocorrelation, which is Rnsix mutual fund'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 Rnsix's mutual fund expected returns. We can calculate the autocorrelation of Rnsix returns to help us make a trade decision. For example, suppose you find that Rnsix has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Rnsix 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 Rnsix mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rnsix mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rnsix mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rnsix Lagged Returns
When evaluating Rnsix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rnsix mutual fund have on its future price. Rnsix 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, Rnsix autocorrelation shows the relationship between Rnsix mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorthdoubleline Strategic 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.Other Information on Investing in Rnsix Mutual Fund
Rnsix financial ratios help investors to determine whether Rnsix Mutual Fund 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 Rnsix with respect to the benefits of owning Rnsix security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |