Riverfront Strategic Income Etf Technical Analysis
| RIGS Etf | USD 23.20 0.09 0.39% |
As of the 30th of November, RiverFront Strategic holds the Semi Deviation of 0.4201, risk adjusted performance of (0.01), and Coefficient Of Variation of 18974.21. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RiverFront Strategic, as well as the relationship between them. Please check RiverFront Strategic coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if RiverFront Strategic is priced some-what accurately, providing market reflects its current price of 23.2 per share.
RiverFront Strategic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as RiverFront, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RiverFrontRiverFront |
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.
RiverFront Strategic Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of RiverFront Strategic volatility. High ATR values indicate high volatility, and low values indicate low volatility.
RiverFront Strategic Trend Analysis
Use this graph to draw trend lines for RiverFront Strategic Income. You can use it to identify possible trend reversals for RiverFront Strategic as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual RiverFront Strategic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.RiverFront Strategic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for RiverFront Strategic Income applied against its price change over selected period. The best fit line has a slop of 0.0083 , which may suggest that RiverFront Strategic Income market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2.59, which is the sum of squared deviations for the predicted RiverFront Strategic price change compared to its average price change.About RiverFront Strategic Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of RiverFront Strategic Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of RiverFront Strategic Income based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on RiverFront Strategic price pattern first instead of the macroeconomic environment surrounding RiverFront Strategic. By analyzing RiverFront Strategic's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of RiverFront Strategic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to RiverFront Strategic specific price patterns or momentum indicators. Please read more on our technical analysis page.
RiverFront Strategic November 30, 2024 Technical Indicators
Most technical analysis of RiverFront help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for RiverFront from various momentum indicators to cycle indicators. When you analyze RiverFront charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.6161 | |||
| Mean Deviation | 0.3039 | |||
| Semi Deviation | 0.4201 | |||
| Downside Deviation | 0.4601 | |||
| Coefficient Of Variation | 18974.21 | |||
| Standard Deviation | 0.3909 | |||
| Variance | 0.1528 | |||
| Information Ratio | (0.35) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.6061 | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.5236 | |||
| Downside Variance | 0.2117 | |||
| Semi Variance | 0.1765 | |||
| Expected Short fall | (0.31) | |||
| Skewness | (0.55) | |||
| Kurtosis | 0.0233 |
RiverFront Strategic One Year Return
Based on the recorded statements, RiverFront Strategic Income has an One Year Return of 7.2%. This is 25.62% lower than that of the ALPS family and significantly higher than that of the Multisector Bond category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RiverFront Strategic Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.