Rivernorth Flexible Municipalome Etf Price on May 17, 2023
| RFM Etf | USD 15.22 0.11 0.72% |
Below is the normalized historical share price chart for RiverNorth Flexible Municipalome extending back to March 27, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of RiverNorth Flexible stands at 15.22, as last reported on the 20th of December, with the highest price reaching 15.54 and the lowest price hitting 15.22 during the day.
If you're considering investing in RiverNorth Etf, it is important to understand the factors that can impact its price. RiverNorth Flexible maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. RiverNorth Flexible exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RiverNorth Flexible's Coefficient Of Variation of (786.77), variance of 0.2501, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide.
RiverNorth Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
RiverNorth |
Sharpe Ratio = -0.1096
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| Negative Returns | RFM |
Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average RiverNorth Flexible is not performing at its full potential. However, 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 RiverNorth Flexible to a well-diversified portfolio.
Market Capitalization 94.3 M |
RiverNorth Flexible Valuation on May 17, 2023
It is possible to determine the worth of RiverNorth Flexible on a given historical date. On May 17, 2023 RiverNorth was worth 13.56 at the beginning of the trading date compared to the closed value of 13.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RiverNorth Flexible etf. Still, in general, we apply an absolute valuation method to find RiverNorth Flexible's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of RiverNorth Flexible where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RiverNorth Flexible's related companies.
| Open | High | Low | Close | Volume | |
| 13.55 | 13.55 | 13.55 | 13.55 | 1.00 | |
05/17/2023 | 13.56 | 13.56 | 13.56 | 13.56 | 1.00 |
| 13.50 | 13.50 | 13.50 | 13.50 | 1.00 |
| Backtest RiverNorth Flexible | | | RiverNorth Flexible History | | | RiverNorth Flexible Valuation | Previous | Next |
RiverNorth Flexible Trading Date Momentum on May 17, 2023
| On May 18 2023 RiverNorth Flexible Municipalome was traded for 13.50 at the closing time. Highest RiverNorth Flexible's price during the trading hours was 13.50 and the lowest price during the day was 13.50 . There was no trading activity during the period 1.0. Lack of trading volume on the 18th of May 2023 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.44% . The trading delta at closing time to current price is 0.66% . |
About RiverNorth Flexible Etf history
RiverNorth Flexible investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for RiverNorth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RiverNorth Flexible will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing RiverNorth Flexible stock prices may prove useful in developing a viable investing in RiverNorth Flexible
RiverNorth Flexible Etf Technical Analysis
RiverNorth Flexible 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.
Price Boundaries
RiverNorth Flexible Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
RiverNorth Flexible Municipalome cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
RiverNorth Flexible December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how RiverNorth Flexible etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RiverNorth Flexible shares will generate the highest return on investment. By undertsting and applying RiverNorth Flexible etf market strength indicators, traders can identify RiverNorth Flexible Municipalome entry and exit signals to maximize returns
RiverNorth Flexible Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RiverNorth Flexible's price direction in advance. Along with the technical and fundamental analysis of RiverNorth Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of RiverNorth to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.49) |
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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.