Rivernorth Opportunities Fund Current Ratio
Rivernorth Opportunities fundamentals help investors to digest information that contributes to Rivernorth Opportunities' financial success or failures. It also enables traders to predict the movement of Rivernorth Fund. The fundamental analysis module provides a way to measure Rivernorth Opportunities' 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 Rivernorth Opportunities fund.
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Rivernorth Opportunities Fund Current Ratio Analysis
Rivernorth Opportunities' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Rivernorth Opportunities has a Current Ratio of 0.0 times. 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 funds average (which is currently at 0.0).
Rivernorth Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rivernorth Opportunities' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Rivernorth Opportunities could also be used in its relative valuation, which is a method of valuing Rivernorth Opportunities by comparing valuation metrics of similar companies.Rivernorth Opportunities is currently under evaluation in current ratio among similar funds.
Rivernorth Fundamentals
| Shares Outstanding | 12.97 M | ||||
| Shares Owned By Insiders | 1.35 % | ||||
| Shares Owned By Institutions | 15.67 % | ||||
| Number Of Shares Shorted | 588.69 K | ||||
| Price To Earning | 6.82 X | ||||
| Short Ratio | 3.67 X | ||||
| Earnings Per Share | 1.81 X | ||||
| Beta | 0.4 | ||||
| Market Capitalization | 280.96 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 2.02 % | ||||
| One Year Return | 9.52 % | ||||
| Three Year Return | 6.97 % | ||||
| Five Year Return | 10.66 % | ||||
| Last Dividend Paid | 2.04 |
About Rivernorth Opportunities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rivernorth Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rivernorth Opportunities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rivernorth Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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.
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Other Tools for Rivernorth Fund
When running Rivernorth Opportunities' price analysis, check to measure Rivernorth Opportunities' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rivernorth Opportunities is operating at the current time. Most of Rivernorth Opportunities' value examination focuses on studying past and present price action to predict the probability of Rivernorth Opportunities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rivernorth Opportunities' price. Additionally, you may evaluate how the addition of Rivernorth Opportunities to your portfolios can decrease your overall portfolio volatility.
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