Rivernorth E Opportunity Fund Market Value
| RNCOX Fund | USD 7.56 0.01 0.13% |
| Symbol | Rivernorth |
Rivernorth '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's mutual 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Rivernorth on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorth E Opportunity or generate 0.0% return on investment in Rivernorth over 90 days. Rivernorth is related to or competes with Wells Fargo, Fidelity Advisor, Jhancock Diversified, Wilmington Diversified, Diversified Bond, Blackrock Diversified, and Global Diversified. The funds adviser will allocate the funds investments among equities, fixed income securities, and cash and cash equival... More
Rivernorth 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's mutual 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 E Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1638 | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.672 |
Rivernorth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorth's standard deviation. In reality, there are many statistical measures that can use Rivernorth historical prices to predict the future Rivernorth's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0327 | |||
| Treynor Ratio | 0.6558 |
Rivernorth E Opportunity Backtested Returns
Rivernorth E Opportunity maintains Sharpe Ratio (i.e., Efficiency) of -0.019, which implies the entity had a -0.019 % return per unit of risk over the last 3 months. Rivernorth E Opportunity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rivernorth's Variance of 0.2403, risk adjusted performance of (0.04), and Coefficient Of Variation of (2,618) to confirm the risk estimate we provide. The fund holds a Beta of -0.0438, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rivernorth are expected to decrease at a much lower rate. During the bear market, Rivernorth is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
Rivernorth E Opportunity has good reverse predictability. Overlapping area represents the amount of predictability between Rivernorth 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 E Opportunity price movement. The serial correlation of -0.55 indicates that about 55.0% of current Rivernorth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Rivernorth E Opportunity lagged returns against current returns
Autocorrelation, which is Rivernorth mutual 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's mutual fund expected returns. We can calculate the autocorrelation of Rivernorth returns to help us make a trade decision. For example, suppose you find that Rivernorth has exhibited high autocorrelation historically, and you observe that the mutual 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rivernorth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rivernorth Lagged Returns
When evaluating Rivernorth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorth mutual fund have on its future price. Rivernorth 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 autocorrelation shows the relationship between Rivernorth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorth E Opportunity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Rivernorth Mutual Fund
Rivernorth financial ratios help investors to determine whether Rivernorth Mutual 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 security.
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