Rivernorth Opportunistic Municipalome Fund Market Value
| RMI Fund | USD 15.74 0.01 0.06% |
| Symbol | Rivernorth |
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.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Rivernorth Opportunistic on January 28, 2025 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 30 days. Rivernorth Opportunistic is related to or competes with MFS Investment, RiverNorth Managed, Blackrock Muniholdings, Eaton Vance, Federated Premier, and Nuveen California. Rivernorth Opportunistic is entity of United States 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.
| Downside Deviation | 0.6565 | |||
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.01 |
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.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.043 | |||
| Treynor Ratio | 0.1032 |
Rivernorth Opportunistic Backtested Returns
Rivernorth Opportunistic is very steady at the moment. Rivernorth Opportunistic maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rivernorth Opportunistic, which you can use to evaluate the volatility of the fund. Please check Rivernorth Opportunistic's Risk Adjusted Performance of 0.0377, coefficient of variation of 1820.42, and Semi Deviation of 0.5513 to confirm if the risk estimate we provide is consistent with the expected return of 0.0017%. The fund holds a Beta of 0.21, 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 | 0.73 |
Good predictability
Rivernorth Opportunistic Municipalome has good predictability. Overlapping area represents the amount of predictability between Rivernorth Opportunistic time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 0.73 indicates that around 73.0% of current Rivernorth Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |