Rivernorth Flexible Municipalome Etf Market Value
| RFM Etf | USD 15.89 0.17 1.08% |
| Symbol | RiverNorth |
The market value of RiverNorth Flexible is measured differently than its book value, which is the value of RiverNorth that is recorded on the company's balance sheet. Investors also form their own opinion of RiverNorth Flexible's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Flexible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RiverNorth Flexible's market value can be influenced by many factors that don't directly affect RiverNorth Flexible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RiverNorth Flexible's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Flexible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Flexible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
RiverNorth Flexible 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RiverNorth Flexible's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RiverNorth Flexible.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in RiverNorth Flexible on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding RiverNorth Flexible Municipalome or generate 0.0% return on investment in RiverNorth Flexible over 30 days. RiverNorth Flexible is related to or competes with Blackrock Muniholdings, MFS Investment, Eaton Vance, Invesco High, Nuveen California, RiverNorth Managed, and Blackrock Muniholdings. RiverNorth Flexible is entity of United States More
RiverNorth Flexible Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RiverNorth Flexible's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RiverNorth Flexible Municipalome upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4997 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.25 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.8912 |
RiverNorth Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorth Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiverNorth Flexible's standard deviation. In reality, there are many statistical measures that can use RiverNorth Flexible historical prices to predict the future RiverNorth Flexible's volatility.| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.78) |
RiverNorth Flexible Backtested Returns
As of now, RiverNorth Etf is very steady. RiverNorth Flexible maintains Sharpe Ratio (i.e., Efficiency) of 0.0439, which implies the entity had a 0.0439% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RiverNorth Flexible, which you can use to evaluate the volatility of the etf. Please check RiverNorth Flexible's Risk Adjusted Performance of 0.0422, coefficient of variation of 1584.44, and Semi Deviation of 0.4091 to confirm if the risk estimate we provide is consistent with the expected return of 0.0213%. The etf holds a Beta of -0.0258, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RiverNorth Flexible are expected to decrease at a much lower rate. During the bear market, RiverNorth Flexible is likely to outperform the market.
Auto-correlation | 0.37 |
Below average predictability
RiverNorth Flexible Municipalome has below average predictability. Overlapping area represents the amount of predictability between RiverNorth Flexible time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RiverNorth Flexible price movement. The serial correlation of 0.37 indicates that just about 37.0% of current RiverNorth Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RiverNorth Flexible lagged returns against current returns
Autocorrelation, which is RiverNorth Flexible etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RiverNorth Flexible's etf expected returns. We can calculate the autocorrelation of RiverNorth Flexible returns to help us make a trade decision. For example, suppose you find that RiverNorth Flexible has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RiverNorth Flexible regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RiverNorth Flexible etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiverNorth Flexible etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiverNorth Flexible etf over time.
Current vs Lagged Prices |
| Timeline |
RiverNorth Flexible Lagged Returns
When evaluating RiverNorth Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiverNorth Flexible etf have on its future price. RiverNorth Flexible autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RiverNorth Flexible autocorrelation shows the relationship between RiverNorth Flexible etf current value and its past values and can show if there is a momentum factor associated with investing in RiverNorth Flexible Municipalome.
Regressed Prices |
| Timeline |
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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.