Rivernorthdoubleline Strategic Opportunity Etf Retained Earnings
| OPP Etf | USD 8.51 0.02 0.23% |
RiverNorthDoubleLine Strategic Opportunity fundamentals help investors to digest information that contributes to RiverNorthDoubleLine's financial success or failures. It also enables traders to predict the movement of RiverNorthDoubleLine Etf. The fundamental analysis module provides a way to measure RiverNorthDoubleLine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RiverNorthDoubleLine etf.
RiverNorthDoubleLine |
RiverNorthDoubleLine Strategic Opportunity ETF Retained Earnings Analysis
RiverNorthDoubleLine's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
| Competition |
Based on the latest financial disclosure, RiverNorthDoubleLine Strategic Opportunity has a Retained Earnings of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
RiverNorthDoubleLine Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RiverNorthDoubleLine's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RiverNorthDoubleLine could also be used in its relative valuation, which is a method of valuing RiverNorthDoubleLine by comparing valuation metrics of similar companies.RiverNorthDoubleLine is currently under evaluation in retained earnings as compared to similar ETFs.
RiverNorthDoubleLine Fundamentals
| Shares Outstanding | 19.22 M | ||||
| Shares Owned By Institutions | 29.15 % | ||||
| Number Of Shares Shorted | 20.44 K | ||||
| Price To Earning | 6.11 X | ||||
| Short Ratio | 0.12 X | ||||
| Earnings Per Share | 1.42 X | ||||
| Beta | 0.09 | ||||
| Market Capitalization | 165.57 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 9.06 % | ||||
| One Year Return | 14.51 % | ||||
| Three Year Return | (0.71) % | ||||
| Five Year Return | 1.03 % | ||||
| Last Dividend Paid | 1.77 |
About RiverNorthDoubleLine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorthDoubleLine Strategic Opportunity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorthDoubleLine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorthDoubleLine Strategic Opportunity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with RiverNorthDoubleLine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RiverNorthDoubleLine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RiverNorthDoubleLine will appreciate offsetting losses from the drop in the long position's value.Moving against RiverNorthDoubleLine Etf
| 0.88 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.77 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.77 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | CIRC | JPMorgan | PairCorr |
The ability to find closely correlated positions to RiverNorthDoubleLine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RiverNorthDoubleLine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RiverNorthDoubleLine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RiverNorthDoubleLine Strategic Opportunity to buy it.
The correlation of RiverNorthDoubleLine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RiverNorthDoubleLine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RiverNorthDoubleLine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RiverNorthDoubleLine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.