Rnsix Financial Statements From 2010 to 2025
| RNSIX Fund | USD 8.77 0.02 0.23% |
Check Rnsix financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rnsix's main balance sheet or income statement drivers, such as , as well as many indicators such as . Rnsix financial statements analysis is a perfect complement when working with Rnsix Valuation or Volatility modules.
Rnsix |
Rivernorthdoubleline Strategic Income Mutual Fund Price To Earning Analysis
Rnsix's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Rnsix Price To Earning | 36.79 X |
Most of Rnsix's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Rivernorthdoubleline Strategic Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Rivernorthdoubleline Strategic Income has a Price To Earning of 36.79 times. This is much higher than that of the RiverNorth Funds family and significantly higher than that of the Multisector Bond category. The price to earning for all United States funds is notably lower than that of the firm.
Rivernorthdoubleline Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Rnsix's current stock value. Our valuation model uses many indicators to compare Rnsix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Rnsix competition to find correlations between indicators driving Rnsix's intrinsic value. More Info.Rivernorthdoubleline Strategic Income is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Rivernorthdoubleline Strategic Income is roughly 49.05 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Rnsix's earnings, one of the primary drivers of an investment's value.About Rnsix Financial Statements
Rnsix investors use historical fundamental indicators, such as Rnsix's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Rnsix. Please read more on our technical analysis and fundamental analysis pages.
The funds adviser allocates the funds assets among three principal strategies Tactical Closed-end Fund Income strategy, Core Fixed Income strategy, and Opportunistic Income strategy. The amount allocated to each of the principal strategies may change depending on the advisers assessment of market risk, security valuations, market volatility, and the prospects for earning income and total return.
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Other Information on Investing in Rnsix Mutual Fund
Rnsix financial ratios help investors to determine whether Rnsix Mutual Fund 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 Rnsix with respect to the benefits of owning Rnsix security.
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