Rivernorth Opportunities Fund Market Value

RIV Fund  USD 11.74  0.08  0.69%   
Rivernorth Opportunities' market value is the price at which a share of Rivernorth Opportunities trades on a public exchange. It measures the collective expectations of Rivernorth Opportunities investors about its performance. Rivernorth Opportunities is selling for under 11.74 as of the 16th of March 2025; that is 0.69 percent increase since the beginning of the trading day. The fund's lowest day price was 11.71.
With this module, you can estimate the performance of a buy and hold strategy of Rivernorth Opportunities and determine expected loss or profit from investing in Rivernorth Opportunities over a given investment horizon. Check out Rivernorth Opportunities Correlation, Rivernorth Opportunities Volatility and Rivernorth Opportunities Alpha and Beta module to complement your research on Rivernorth Opportunities.
Symbol

Please note, there is a significant difference between Rivernorth Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rivernorth Opportunities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rivernorth Opportunities' 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 Opportunities '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 Opportunities' fund 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 Opportunities.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Rivernorth Opportunities on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorth Opportunities or generate 0.0% return on investment in Rivernorth Opportunities over 90 days. Rivernorth Opportunities is related to or competes with Aberdeen Income, Putnam High, Cornerstone Strategic, Clough Global, Guggenheim Strategic, Pimco Dynamic, and Cornerstone Strategic. RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, I... More

Rivernorth Opportunities 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 Opportunities' fund 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 Opportunities upside and downside potential and time the market with a certain degree of confidence.

Rivernorth Opportunities Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorth Opportunities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorth Opportunities' standard deviation. In reality, there are many statistical measures that can use Rivernorth Opportunities historical prices to predict the future Rivernorth Opportunities' volatility.
Hype
Prediction
LowEstimatedHigh
10.8411.7412.64
Details
Intrinsic
Valuation
LowRealHigh
10.8311.7312.63
Details
Naive
Forecast
LowNextHigh
10.5011.4012.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3311.8112.29
Details

Rivernorth Opportunities Backtested Returns

Rivernorth Opportunities maintains Sharpe Ratio (i.e., Efficiency) of -0.0311, which implies the entity had a -0.0311 % return per unit of risk over the last 3 months. Rivernorth Opportunities exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rivernorth Opportunities' Variance of 0.758, coefficient of variation of (2,352), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The fund holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rivernorth Opportunities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorth Opportunities is expected to be smaller as well.

Auto-correlation

    
  -0.29  

Weak reverse predictability

Rivernorth Opportunities has weak reverse predictability. Overlapping area represents the amount of predictability between Rivernorth Opportunities time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Opportunities price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Rivernorth Opportunities price fluctuation can be explain by its past prices.
Correlation Coefficient-0.29
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.03

Rivernorth Opportunities lagged returns against current returns

Autocorrelation, which is Rivernorth Opportunities fund'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 Opportunities' fund expected returns. We can calculate the autocorrelation of Rivernorth Opportunities returns to help us make a trade decision. For example, suppose you find that Rivernorth Opportunities has exhibited high autocorrelation historically, and you observe that the fund 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 Opportunities 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 Opportunities fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorth Opportunities fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rivernorth Opportunities fund over time.
   Current vs Lagged Prices   
       Timeline  

Rivernorth Opportunities Lagged Returns

When evaluating Rivernorth Opportunities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorth Opportunities fund have on its future price. Rivernorth Opportunities 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 Opportunities autocorrelation shows the relationship between Rivernorth Opportunities fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorth Opportunities.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Other Information on Investing in Rivernorth Fund

Rivernorth Opportunities financial ratios help investors to determine whether Rivernorth 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 Opportunities security.
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