Rivernorth E Opportunity Fund Price on December 4, 2023
| RNCIX Fund | USD 7.49 0.02 0.27% |
Below is the normalized historical share price chart for Rivernorth E Opportunity extending back to August 11, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rivernorth stands at 7.49, as last reported on the 7th of June, with the highest price reaching 7.49 and the lowest price hitting 7.49 during the day.
If you're considering investing in Rivernorth Mutual Fund, it is important to understand the factors that can impact its price. We consider Rivernorth very steady. Rivernorth E Opportunity maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rivernorth E Opportunity, which you can use to evaluate the volatility of the fund. Please check Rivernorth's Risk Adjusted Performance of 0.1001, semi deviation of 0.3408, and Coefficient Of Variation of 602.56 to confirm if the risk estimate we provide is consistent with the expected return of 0.0658%.
Rivernorth Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Rivernorth |
Sharpe Ratio = 0.1444
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Estimated Market Risk
| 0.46 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
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Rivernorth is performing at about 11% 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 Rivernorth by adding it to a well-diversified portfolio.
Rivernorth Valuation on December 4, 2023
It is possible to determine the worth of Rivernorth on a given historical date. On December 4, 2023 Rivernorth was worth 6.66 at the beginning of the trading date compared to the closed value of 6.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rivernorth mutual fund. Still, in general, we apply an absolute valuation method to find Rivernorth's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rivernorth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rivernorth's related companies.
| Open | High | Low | Close | Volume | |
| 6.68 | 6.68 | 6.68 | 6.68 | 1.00 | |
12/04/2023 | 6.66 | 6.66 | 6.66 | 6.66 | 1.00 |
| 6.65 | 6.65 | 6.65 | 6.65 | 1.00 |
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Rivernorth Trading Date Momentum on December 4, 2023
| On December 05 2023 Rivernorth E Opportunity was traded for 6.65 at the closing time. The highest daily price throughout the period was 6.65 and the lowest price was 6.65 . There was no trading activity during the period 1.0. Lack of trading volume on 12/05/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.15% . The trading delta at closing time to current closing price is 1.95% . |
Rivernorth E Opportunity Fundamentals Correlations and Trends
By evaluating Rivernorth's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rivernorth's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rivernorth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rivernorth Mutual Fund history
Rivernorth investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rivernorth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rivernorth E Opportunity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rivernorth stock prices may prove useful in developing a viable investing in Rivernorth
The funds adviser will allocate the funds investments among equities, fixed income securities, and cash and cash equivalents. The adviser may allocate to the various asset classes either through the purchase of closed-end investment companies , exchange-traded funds and other investment companies or through direct investment in the various securities. To achieve exposure to the asset classes discussed above, it will typically invest more than 50 percent of its assets in underlying funds.
Rivernorth Mutual Fund Technical Analysis
Rivernorth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Rivernorth Period Price Range
Low | December 4, 2023
| High |
6.66 | 6.66 |
Rivernorth June 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Rivernorth mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rivernorth shares will generate the highest return on investment. By undertsting and applying Rivernorth mutual fund market strength indicators, traders can identify Rivernorth E Opportunity entry and exit signals to maximize returns
Rivernorth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rivernorth's price direction in advance. Along with the technical and fundamental analysis of Rivernorth Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rivernorth to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 0.0526 | |||
| Total Risk Alpha | 0.0469 | |||
| Sortino Ratio | 0.0709 | |||
| Treynor Ratio | 0.1303 |
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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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