RiverNorthDoubleLine Valuation
| OPP Etf | USD 7.94 0.01 0.13% |
At this time, the etf appears to be overvalued. RiverNorthDoubleLine holds a recent Real Value of $7.27 per share. The prevailing price of the etf is $7.94. Our model determines the value of RiverNorthDoubleLine from analyzing the etf fundamentals such as Earnings Per Share of 1.42 X, price to earning of 6.11 X, and Shares Outstanding of 19.22 M as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that RiverNorthDoubleLine's price fluctuation is very steady at this time. Calculation of the real value of RiverNorthDoubleLine is based on 3 months time horizon. Increasing RiverNorthDoubleLine's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
RiverNorthDoubleLine's intrinsic value may or may not be the same as its current market price of 7.94, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.94 | Real 7.27 | Hype 7.94 | Naive 8.05 |
The intrinsic value of RiverNorthDoubleLine's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence RiverNorthDoubleLine's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of RiverNorthDoubleLine Strategic helps investors to forecast how RiverNorthDoubleLine etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of RiverNorthDoubleLine more accurately as focusing exclusively on RiverNorthDoubleLine's fundamentals will not take into account other important factors: RiverNorthDoubleLine Total Value Analysis
RiverNorthDoubleLine Strategic is now projected to have company total value of 165.57 M with market capitalization of 165.57 M, debt of , and cash on hands of . Please note that company total value may be misleading and is a subject to accounting gimmicks. We encourage investors to carefully check all of the RiverNorthDoubleLine fundamentals before making security assessment based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
165.57 M | 165.57 M |
RiverNorthDoubleLine Asset Utilization
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The latest return on assets of RiverNorthDoubleLine connotes not a very effective usage of assets in January.RiverNorthDoubleLine Ownership Allocation
RiverNorthDoubleLine owns a total of 19.22 Million outstanding shares. Roughly 70.85 pct. of RiverNorthDoubleLine outstanding shares are held by general public with 29.15 (%) by third-party entities. Please note that no matter how many assets the company maintains, if the real value of the etf is less than the current market value, you may not be able to make money on it.About RiverNorthDoubleLine Valuation
The etf valuation mechanism determines RiverNorthDoubleLine's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of RiverNorthDoubleLine based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of RiverNorthDoubleLine. We calculate exposure to RiverNorthDoubleLine's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of RiverNorthDoubleLine's related companies.RiverNorthDoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. Doubleline Strategic is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.
Other Information on Investing in RiverNorthDoubleLine Etf
RiverNorthDoubleLine financial ratios help investors to determine whether RiverNorthDoubleLine 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 RiverNorthDoubleLine with respect to the benefits of owning RiverNorthDoubleLine security.