Rivernorth Flexible Municipalome Etf Performance
| RFMZ Etf | USD 13.99 0.01 0.07% |
The etf holds a Beta of -0.0158, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RiverNorth Flexible are expected to decrease at a much lower rate. During the bear market, RiverNorth Flexible is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in RiverNorth Flexible Municipalome are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong primary indicators, RiverNorth Flexible is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0866 | Payout Ratio 1.6454 | Forward Dividend Rate 1.04 | Ex Dividend Date 2023-11-14 |
| RiverNorth Flexible dividend paid on 30th of August 2024 | 08/30/2024 |
| RiverNorth Flexible dividend paid on 30th of September 2024 | 09/30/2024 |
1 | RiverNorth Flexible Municipal Income Fund II declares 0.0866 dividend | 10/02/2024 |
| RiverNorth Flexible dividend paid on 15th of October 2024 | 10/15/2024 |
| RiverNorth Flexible dividend paid on 31st of October 2024 | 10/31/2024 |
| Dividend Yield | 0.0866 | |
| Payout Ratio | 1.6454 |
RiverNorth |
RiverNorth Flexible Relative Risk vs. Return Landscape
If you would invest 1,391 in RiverNorth Flexible Municipalome on August 28, 2024 and sell it today you would earn a total of 8.00 from holding RiverNorth Flexible Municipalome or generate 0.58% return on investment over 90 days. RiverNorth Flexible Municipalome is currently generating 0.0106% in daily expected returns and assumes 0.5587% risk (volatility on return distribution) over the 90 days horizon. In different words, 4% of etfs are less volatile than RiverNorth, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
RiverNorth Flexible Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorth Flexible's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as RiverNorth Flexible Municipalome, and traders can use it to determine the average amount a RiverNorth Flexible's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.019
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| Negative Returns | RFMZ |
Estimated Market Risk
| 0.56 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average RiverNorth Flexible is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RiverNorth Flexible by adding it to a well-diversified portfolio.
RiverNorth Flexible Fundamentals Growth
RiverNorth Etf prices reflect investors' perceptions of the future prospects and financial health of RiverNorth Flexible, and RiverNorth Flexible fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on RiverNorth Etf performance.
| Shares Outstanding | 24.35 M | ||||
| Price To Book | 0.90 X | ||||
| Price To Sales | 10.65 X | ||||
| Total Debt | 242.67 M | ||||
| Earnings Per Share | 1.31 X | ||||
| Total Asset | 622.71 M | ||||
| Retained Earnings | (49.64 M) | ||||
About RiverNorth Flexible Performance
Evaluating RiverNorth Flexible's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if RiverNorth Flexible has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if RiverNorth Flexible has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
RiverNorth Flexible is entity of United States. It is traded as Etf on NYSE exchange.| On 31st of October 2024 RiverNorth Flexible paid $ 0.0866 per share dividend to its current shareholders | |
| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in RiverNorth Etf
RiverNorth Flexible 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 Flexible security.