Rivernorth Opportunistic Municipalome Fund Market Value

RMI Fund  USD 15.22  0.10  0.65%   
Rivernorth Opportunistic's market value is the price at which a share of Rivernorth Opportunistic trades on a public exchange. It measures the collective expectations of Rivernorth Opportunistic Municipalome investors about its performance. Rivernorth Opportunistic is trading at 15.22 as of the 16th of March 2025. This is a 0.65 percent decrease since the beginning of the trading day. The fund's open price was 15.32.
With this module, you can estimate the performance of a buy and hold strategy of Rivernorth Opportunistic Municipalome and determine expected loss or profit from investing in Rivernorth Opportunistic over a given investment horizon. Check out Rivernorth Opportunistic Correlation, Rivernorth Opportunistic Volatility and Rivernorth Opportunistic Alpha and Beta module to complement your research on Rivernorth Opportunistic.
Symbol

Please note, there is a significant difference between Rivernorth Opportunistic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rivernorth Opportunistic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rivernorth Opportunistic'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 Opportunistic '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 Opportunistic's 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 Opportunistic.
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 Opportunistic on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorth Opportunistic Municipalome or generate 0.0% return on investment in Rivernorth Opportunistic over 90 days. Rivernorth Opportunistic is related to or competes with MFS Investment, RiverNorth Managed, Blackrock Muniholdings, Eaton Vance, Federated Premier, and Nuveen California. More

Rivernorth Opportunistic 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 Opportunistic's 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 Opportunistic Municipalome upside and downside potential and time the market with a certain degree of confidence.

Rivernorth Opportunistic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorth Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorth Opportunistic's standard deviation. In reality, there are many statistical measures that can use Rivernorth Opportunistic historical prices to predict the future Rivernorth Opportunistic's volatility.
Hype
Prediction
LowEstimatedHigh
14.6415.2215.80
Details
Intrinsic
Valuation
LowRealHigh
14.6215.2015.78
Details
Naive
Forecast
LowNextHigh
14.4215.0015.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.8515.3115.76
Details

Rivernorth Opportunistic Backtested Returns

Rivernorth Opportunistic maintains Sharpe Ratio (i.e., Efficiency) of -0.0194, which implies the entity had a -0.0194 % return per unit of risk over the last 3 months. Rivernorth Opportunistic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rivernorth Opportunistic's Risk Adjusted Performance of (0.02), variance of 0.3357, and Coefficient Of Variation of (5,163) to confirm the risk estimate we provide. The fund holds a Beta of 0.0795, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rivernorth Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorth Opportunistic is expected to be smaller as well.

Auto-correlation

    
  -0.52  

Good reverse predictability

Rivernorth Opportunistic Municipalome has good reverse predictability. Overlapping area represents the amount of predictability between Rivernorth Opportunistic 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 Opportunistic price movement. The serial correlation of -0.52 indicates that about 52.0% of current Rivernorth Opportunistic price fluctuation can be explain by its past prices.
Correlation Coefficient-0.52
Spearman Rank Test-0.17
Residual Average0.0
Price Variance0.01

Rivernorth Opportunistic lagged returns against current returns

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

Rivernorth Opportunistic Lagged Returns

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

Currently Active Assets on Macroaxis

Other Information on Investing in Rivernorth Fund

Rivernorth Opportunistic 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 Opportunistic security.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets