Rivernorth Flexible Municipalome Fund Price To Book
| XRFMX Fund | USD 16.78 0.05 0.30% |
Rivernorth Flexible Municipalome fundamentals help investors to digest information that contributes to Rivernorth Flexible's financial success or failures. It also enables traders to predict the movement of Rivernorth Mutual Fund. The fundamental analysis module provides a way to measure Rivernorth Flexible'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 Rivernorth Flexible mutual fund.
Rivernorth |
Rivernorth Flexible Municipalome Mutual Fund Price To Book Analysis
Rivernorth Flexible's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Based on the latest financial disclosure, Rivernorth Flexible Municipalome has a Price To Book of 0.0 times. This is 100.0% lower than that of the Category family and 100.0% lower than that of the Family category. The price to book for all United States funds is 100.0% higher than that of the company.
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About Rivernorth Flexible Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rivernorth Flexible Municipalome's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rivernorth Flexible using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rivernorth Flexible Municipalome based on its fundamental data. In general, a quantitative approach, as applied to this mutual 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 Information on Investing in Rivernorth Mutual Fund
Rivernorth Flexible financial ratios help investors to determine whether Rivernorth 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 Rivernorth with respect to the benefits of owning Rivernorth Flexible security.
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