Rivernorth Managed Duration Etf Technical Analysis
| RMM Etf | USD 15.60 0.11 0.71% |
As of the 26th of November, RiverNorth Managed holds the Semi Deviation of 0.6203, coefficient of variation of 1037.65, and Risk Adjusted Performance of 0.0722. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RiverNorth Managed, as well as the relationship between them. Please check RiverNorth Managed coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if RiverNorth Managed is priced some-what accurately, providing market reflects its current price of 15.6 per share.
RiverNorth Managed Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as RiverNorth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RiverNorthRiverNorth |
RiverNorth Managed 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.
RiverNorth Managed Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 RiverNorth Managed volatility. High ATR values indicate high volatility, and low values indicate low volatility.
RiverNorth Managed Trend Analysis
Use this graph to draw trend lines for RiverNorth Managed Duration. You can use it to identify possible trend reversals for RiverNorth Managed 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 RiverNorth Managed price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.RiverNorth Managed Best Fit Change Line
The following chart estimates an ordinary least squares regression model for RiverNorth Managed Duration applied against its price change over selected period. The best fit line has a slop of 0.0042 , which may imply that the returns on investment in RiverNorth Managed Duration will continue to fail. It has 122 observation points and a regression sum of squares at 0.67, which is the sum of squared deviations for the predicted RiverNorth Managed price change compared to its average price change.About RiverNorth Managed 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 RiverNorth Managed Duration 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 RiverNorth Managed Duration based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on RiverNorth Managed price pattern first instead of the macroeconomic environment surrounding RiverNorth Managed. By analyzing RiverNorth Managed'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 RiverNorth Managed'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 RiverNorth Managed specific price patterns or momentum indicators. Please read more on our technical analysis page.
RiverNorth Managed November 26, 2024 Technical Indicators
Most technical analysis of RiverNorth 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 RiverNorth from various momentum indicators to cycle indicators. When you analyze RiverNorth 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0722 | |||
| Market Risk Adjusted Performance | 3.44 | |||
| Mean Deviation | 0.5398 | |||
| Semi Deviation | 0.6203 | |||
| Downside Deviation | 0.7235 | |||
| Coefficient Of Variation | 1037.65 | |||
| Standard Deviation | 0.669 | |||
| Variance | 0.4476 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | 0.0526 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 3.43 | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.07 | |||
| Downside Variance | 0.5234 | |||
| Semi Variance | 0.3848 | |||
| Expected Short fall | (0.55) | |||
| Skewness | (0.32) | |||
| Kurtosis | (0.01) |
Other Information on Investing in RiverNorth Etf
RiverNorth Managed 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 Managed security.