Rivernorthdoubleline Strategic Income Fund Market Value
| RNDLX Fund | USD 8.90 0.01 0.11% |
| Symbol | Rivernorthdoubleline |
Rivernorthdoubleline '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 Rivernorthdoubleline'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 Rivernorthdoubleline.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Rivernorthdoubleline on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorthdoubleline Strategic Income or generate 0.0% return on investment in Rivernorthdoubleline over 90 days. Rivernorthdoubleline is related to or competes with Doubleline Total, Rnsix, Rivernorth, Doubleline, and Doubleline Emerging. The funds adviser allocates the funds assets among three principal strategies Tactical Closed-end Fund Income strategy, ... More
Rivernorthdoubleline 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 Rivernorthdoubleline'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 Rivernorthdoubleline Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2243 | |||
| Information Ratio | 0.4572 | |||
| Maximum Drawdown | 0.9168 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.3425 |
Rivernorthdoubleline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorthdoubleline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorthdoubleline's standard deviation. In reality, there are many statistical measures that can use Rivernorthdoubleline historical prices to predict the future Rivernorthdoubleline's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0239 | |||
| Sortino Ratio | 0.4341 | |||
| Treynor Ratio | (0.02) |
Rivernorthdoubleline Backtested Returns
At this stage we consider Rivernorthdoubleline Mutual Fund to be very steady. Rivernorthdoubleline maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rivernorthdoubleline, which you can use to evaluate the volatility of the fund. Please check Rivernorthdoubleline's Semi Deviation of 0.1539, coefficient of variation of 2033.82, and Risk Adjusted Performance of 0.012 to confirm if the risk estimate we provide is consistent with the expected return of 0.0426%. The fund holds a Beta of -0.0215, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rivernorthdoubleline are expected to decrease at a much lower rate. During the bear market, Rivernorthdoubleline is likely to outperform the market.
Auto-correlation | 0.57 |
Modest predictability
Rivernorthdoubleline Strategic Income has modest predictability. Overlapping area represents the amount of predictability between Rivernorthdoubleline time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Rivernorthdoubleline price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Rivernorthdoubleline price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rivernorthdoubleline lagged returns against current returns
Autocorrelation, which is Rivernorthdoubleline 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 Rivernorthdoubleline's mutual fund expected returns. We can calculate the autocorrelation of Rivernorthdoubleline returns to help us make a trade decision. For example, suppose you find that Rivernorthdoubleline 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 |
Rivernorthdoubleline 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 Rivernorthdoubleline mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorthdoubleline mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rivernorthdoubleline mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rivernorthdoubleline Lagged Returns
When evaluating Rivernorthdoubleline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorthdoubleline mutual fund have on its future price. Rivernorthdoubleline 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, Rivernorthdoubleline autocorrelation shows the relationship between Rivernorthdoubleline mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorthdoubleline Strategic Income.
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 Rivernorthdoubleline Mutual Fund
Rivernorthdoubleline financial ratios help investors to determine whether Rivernorthdoubleline 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 Rivernorthdoubleline with respect to the benefits of owning Rivernorthdoubleline security.
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