Rivernorth Specialty Finance Etf Market Value
| RSF Etf | USD 15.15 0.03 0.20% |
| Symbol | RiverNorth |
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.
RiverNorth Specialty '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 Specialty'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 Specialty.
| 02/06/2024 |
| 01/31/2025 |
If you would invest 0.00 in RiverNorth Specialty on February 6, 2024 and sell it all today you would earn a total of 0.00 from holding RiverNorth Specialty Finance or generate 0.0% return on investment in RiverNorth Specialty over 360 days. RiverNorth Specialty is related to or competes with Rivernorth Opportunistic, MFS Investment, RiverNorth Managed, Blackrock Muniholdings, Blackrock Muniholdings, DTF Tax, and John Hancock. RiverNorth Specialty is entity of United States More
RiverNorth Specialty 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 Specialty'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 Specialty Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5417 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.7958 |
RiverNorth Specialty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorth Specialty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverNorth Specialty's standard deviation. In reality, there are many statistical measures that can use RiverNorth Specialty historical prices to predict the future RiverNorth Specialty's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.1032 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RiverNorth Specialty's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
RiverNorth Specialty Backtested Returns
At this point, RiverNorth Specialty is very steady. RiverNorth Specialty maintains Sharpe Ratio (i.e., Efficiency) of 0.0599, which implies the entity had a 0.0599 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for RiverNorth Specialty, which you can use to evaluate the volatility of the etf. Please check RiverNorth Specialty's Risk Adjusted Performance of 0.0221, coefficient of variation of 2939.57, and Semi Deviation of 0.473 to confirm if the risk estimate we provide is consistent with the expected return of 0.0313%. The etf holds a Beta of 0.0718, which implies not very significant fluctuations relative to the market. As returns on the market increase, RiverNorth Specialty's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiverNorth Specialty is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
RiverNorth Specialty Finance has modest reverse predictability. Overlapping area represents the amount of predictability between RiverNorth Specialty time series from 6th of February 2024 to 4th of August 2024 and 4th of August 2024 to 31st of January 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 Specialty price movement. The serial correlation of -0.42 indicates that just about 42.0% of current RiverNorth Specialty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
RiverNorth Specialty lagged returns against current returns
Autocorrelation, which is RiverNorth Specialty 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 Specialty's etf expected returns. We can calculate the autocorrelation of RiverNorth Specialty returns to help us make a trade decision. For example, suppose you find that RiverNorth Specialty 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 Specialty 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 Specialty etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiverNorth Specialty etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiverNorth Specialty etf over time.
Current vs Lagged Prices |
| Timeline |
RiverNorth Specialty Lagged Returns
When evaluating RiverNorth Specialty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiverNorth Specialty etf have on its future price. RiverNorth Specialty 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 Specialty autocorrelation shows the relationship between RiverNorth Specialty etf current value and its past values and can show if there is a momentum factor associated with investing in RiverNorth Specialty Finance.
Regressed Prices |
| Timeline |
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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.