Rivernorth E Opportunity Fund Buy Hold or Sell Recommendation

RNCOX Fund  USD 7.43  0.02  0.27%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Rivernorth E Opportunity is 'Strong Hold'. Macroaxis provides Rivernorth buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNCOX positions. The advice algorithm takes into account all of Rivernorth's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Rivernorth's buy or sell advice are summarized below:
Real Value
7.37
Hype Value
7.43
Market Value
7.43
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Rivernorth E Opportunity given historical horizon and risk tolerance towards Rivernorth. When Macroaxis issues a 'buy' or 'sell' recommendation for Rivernorth E Opportunity, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Rivernorth Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual funds such as Rivernorth and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Rivernorth E Opportunity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Execute Rivernorth Buy or Sell Advice

The Rivernorth recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Rivernorth E Opportunity. Macroaxis does not own or have any residual interests in Rivernorth E Opportunity or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Rivernorth's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell RivernorthBuy Rivernorth
Strong Hold

Market Performance

SolidDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Rivernorth E Opportunity has a Risk Adjusted Performance of 0.1547, Jensen Alpha of 0.0333, Total Risk Alpha of 0.0133, Sortino Ratio of (0.06) and Treynor Ratio of 0.1924
We provide trade recommendations to complement the recent expert consensus on Rivernorth E Opportunity. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. Use Rivernorth E Opportunity price to earning, year to date return, as well as the relationship between the Year To Date Return and minimum initial investment to ensure your buy or sell decision on Rivernorth E Opportunity is adequate.

Rivernorth Trading Alerts and Improvement Suggestions

Latest headline from news.google.com: RiverNorth Core Opportunity Fund Wins 2024 Lipper Fund Award - Business Wire
The fund maintains about 24.32% of its assets in cash

Rivernorth Returns Distribution Density

The distribution of Rivernorth's historical returns is an attempt to chart the uncertainty of Rivernorth's future price movements. The chart of the probability distribution of Rivernorth daily returns describes the distribution of returns around its average expected value. We use Rivernorth E Opportunity price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Rivernorth returns is essential to provide solid investment advice for Rivernorth.
Mean Return
0.10
Value At Risk
-0.57
Potential Upside
0.57
Standard Deviation
0.36
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Rivernorth historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Rivernorth Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Rivernorth or RiverNorth Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Rivernorth's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Rivernorth fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.03
β
Beta against NYSE Composite0.49
σ
Overall volatility
0.37
Ir
Information ratio -0.08

Rivernorth Volatility Alert

Rivernorth E Opportunity exhibits very low volatility with skewness of -0.8 and kurtosis of 0.96. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Rivernorth's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Rivernorth's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Rivernorth Fundamentals Vs Peers

Comparing Rivernorth's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Rivernorth's direct or indirect competition across all of the common fundamentals between Rivernorth and the related equities. This way, we can detect undervalued stocks with similar characteristics as Rivernorth or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Rivernorth's fundamental indicators could also be used in its relative valuation, which is a method of valuing Rivernorth by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Rivernorth to competition
FundamentalsRivernorthPeer Average
Price To Earning17.36 X6.53 X
Price To Book1.66 X0.74 X
Price To Sales1.35 X0.61 X
Annual Yield0.03 %0.29 %
Year To Date Return6.72 %0.39 %
One Year Return19.79 %4.15 %
Three Year Return4.70 %3.60 %
Five Year Return7.43 %3.24 %
Ten Year Return6.63 %1.79 %
Net Asset45.16 M4.11 B
Minimum Initial Investment5 K976.16 K
Last Dividend Paid0.030.65
Cash Position Weight24.32 %10.61 %
Equity Positions Weight36.44 %63.90 %
Bond Positions Weight30.33 %11.24 %

Rivernorth Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Rivernorth . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Rivernorth Buy or Sell Advice

When is the right time to buy or sell Rivernorth E Opportunity? Buying financial instruments such as Rivernorth Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Rivernorth in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Heavy Metals Thematic Idea Now

Heavy Metals
Heavy Metals Theme
Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Heavy Metals Theme or any other thematic opportunities.
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Check out Rivernorth Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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Please note, there is a significant difference between Rivernorth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rivernorth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rivernorth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.