Rivernorthoaktree High Income Fund Market Value
| RNOTX Fund | USD 8.85 0.02 0.23% |
| Symbol | Rivernorth/oaktree |
Rivernorth/oaktree '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/oaktree'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/oaktree.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Rivernorth/oaktree on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rivernorthoaktree High Income or generate 0.0% return on investment in Rivernorth/oaktree over 30 days. Rivernorth/oaktree is related to or competes with Voya Solution, Putnam Diversified, Stone Ridge, Guggenheim Diversified, Blackrock Conservative, Federated Hermes, and Wells Fargo. The fund will invest at least 80 percent of its assets in income-producing securities and instruments including, but not... More
Rivernorth/oaktree 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/oaktree'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 Rivernorthoaktree High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1668 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 0.5699 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.2265 |
Rivernorth/oaktree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rivernorth/oaktree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rivernorth/oaktree's standard deviation. In reality, there are many statistical measures that can use Rivernorth/oaktree historical prices to predict the future Rivernorth/oaktree's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | 0.0105 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2417 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rivernorth/oaktree's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rivernorthoaktree High Backtested Returns
At this stage we consider Rivernorth/oaktree Mutual Fund to be very steady. Rivernorthoaktree High maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Rivernorthoaktree High, which you can use to evaluate the volatility of the fund. Please check Rivernorth/oaktree's Standard Deviation of 0.1213, risk adjusted performance of 0.1097, and Downside Deviation of 0.1668 to confirm if the risk estimate we provide is consistent with the expected return of 0.0252%. The fund holds a Beta of 0.0593, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rivernorth/oaktree's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rivernorth/oaktree is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Rivernorthoaktree High Income has very good predictability. Overlapping area represents the amount of predictability between Rivernorth/oaktree time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Rivernorthoaktree High price movement. The serial correlation of 0.81 indicates that around 81.0% of current Rivernorth/oaktree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rivernorthoaktree High lagged returns against current returns
Autocorrelation, which is Rivernorth/oaktree 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/oaktree's mutual fund expected returns. We can calculate the autocorrelation of Rivernorth/oaktree returns to help us make a trade decision. For example, suppose you find that Rivernorth/oaktree 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/oaktree 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/oaktree mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rivernorth/oaktree 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/oaktree mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rivernorth/oaktree Lagged Returns
When evaluating Rivernorth/oaktree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rivernorth/oaktree mutual fund have on its future price. Rivernorth/oaktree 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/oaktree autocorrelation shows the relationship between Rivernorth/oaktree mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rivernorthoaktree High 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 Rivernorth/oaktree Mutual Fund
Rivernorth/oaktree financial ratios help investors to determine whether Rivernorth/oaktree 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/oaktree with respect to the benefits of owning Rivernorth/oaktree security.
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