Rivernorth Opportunities Fund Market Value
| RIV Fund | USD 11.82 0.02 0.17% |
| Symbol | Rivernorth |
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.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in Rivernorth Opportunities on December 27, 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.
| Downside Deviation | 0.7007 | |||
| Information Ratio | 0.0466 | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.48 |
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.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.0356 | |||
| Total Risk Alpha | 0.0371 | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.1059 |
Rivernorth Opportunities Backtested Returns
At this stage we consider Rivernorth Fund to be very steady. Rivernorth Opportunities maintains Sharpe Ratio (i.e., Efficiency) of 0.0926, which implies the entity had a 0.0926 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rivernorth Opportunities, which you can use to evaluate the volatility of the fund. Please check Rivernorth Opportunities' Coefficient Of Variation of 1785.44, semi deviation of 0.6346, and Risk Adjusted Performance of 0.0468 to confirm if the risk estimate we provide is consistent with the expected return of 0.0754%. The fund holds a Beta of 0.33, 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 | -0.51 |
Good reverse predictability
Rivernorth Opportunities has good reverse predictability. Overlapping area represents the amount of predictability between Rivernorth Opportunities time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th 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 -0.51 indicates that about 51.0% of current Rivernorth Opportunities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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
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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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