Rivernorthdoubleline Strategic Opportunity Etf Performance
| OPP Etf | USD 8.57 0.03 0.35% |
The etf holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, RiverNorthDoubleLine's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiverNorthDoubleLine is expected to be smaller as well.
Risk-Adjusted Performance
OK
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in RiverNorthDoubleLine Strategic Opportunity are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, RiverNorthDoubleLine is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
| Expense Ratio | 2.9400 |
RiverNorthDoubleLine |
RiverNorthDoubleLine Relative Risk vs. Return Landscape
If you would invest 824.00 in RiverNorthDoubleLine Strategic Opportunity on November 29, 2024 and sell it today you would earn a total of 33.00 from holding RiverNorthDoubleLine Strategic Opportunity or generate 4.0% return on investment over 90 days. RiverNorthDoubleLine Strategic Opportunity is generating 0.068% of daily returns assuming volatility of 0.5415% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than RiverNorthDoubleLine, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
RiverNorthDoubleLine Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiverNorthDoubleLine's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as RiverNorthDoubleLine Strategic Opportunity, and traders can use it to determine the average amount a RiverNorthDoubleLine's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1256
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average RiverNorthDoubleLine is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RiverNorthDoubleLine by adding it to a well-diversified portfolio.
RiverNorthDoubleLine Fundamentals Growth
RiverNorthDoubleLine Etf prices reflect investors' perceptions of the future prospects and financial health of RiverNorthDoubleLine, and RiverNorthDoubleLine fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on RiverNorthDoubleLine Etf performance.
| Shares Outstanding | 19.22 M | ||||
| Price To Earning | 6.11 X | ||||
| Earnings Per Share | 1.42 X | ||||
About RiverNorthDoubleLine Performance
Assessing RiverNorthDoubleLine's fundamental ratios provides investors with valuable insights into RiverNorthDoubleLine's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the RiverNorthDoubleLine is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
RiverNorthDoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. Doubleline Strategic is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.