Rivernorth E Opportunity Fund Technical Analysis
RNCOX Fund | USD 7.43 0.02 0.27% |
As of the 28th of March, Rivernorth holds the Coefficient Of Variation of 346.96, semi deviation of 0.1267, and Risk Adjusted Performance of 0.1547. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rivernorth, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Rivernorth E Opportunity, which can be compared to its competitors. Please check Rivernorth E Opportunity standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Rivernorth E Opportunity is priced some-what accurately, providing market reflects its current price of 7.43 per share.
Rivernorth Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Rivernorth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RivernorthRivernorth |
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.
Rivernorth E Opportunity Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Rivernorth E Opportunity volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Rivernorth E Opportunity Trend Analysis
Use this graph to draw trend lines for Rivernorth E Opportunity. You can use it to identify possible trend reversals for Rivernorth as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Rivernorth price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Rivernorth Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rivernorth E Opportunity applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Rivernorth E Opportunity will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.57, which is the sum of squared deviations for the predicted Rivernorth price change compared to its average price change.About Rivernorth Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Rivernorth E Opportunity on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Rivernorth E Opportunity based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Rivernorth E Opportunity price pattern first instead of the macroeconomic environment surrounding Rivernorth E Opportunity. By analyzing Rivernorth's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Rivernorth's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Rivernorth specific price patterns or momentum indicators. Please read more on our technical analysis page.
Rivernorth March 28, 2024 Technical Indicators
Most technical analysis of Rivernorth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Rivernorth from various momentum indicators to cycle indicators. When you analyze Rivernorth charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1547 | |||
Market Risk Adjusted Performance | 0.2024 | |||
Mean Deviation | 0.281 | |||
Semi Deviation | 0.1267 | |||
Downside Deviation | 0.4808 | |||
Coefficient Of Variation | 346.96 | |||
Standard Deviation | 0.3611 | |||
Variance | 0.1304 | |||
Information Ratio | (0.08) | |||
Jensen Alpha | 0.0333 | |||
Total Risk Alpha | 0.0133 | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | 0.1924 | |||
Maximum Drawdown | 1.67 | |||
Value At Risk | (0.57) | |||
Potential Upside | 0.5739 | |||
Downside Variance | 0.2312 | |||
Semi Variance | 0.016 | |||
Expected Short fall | (0.35) | |||
Skewness | (0.80) | |||
Kurtosis | 0.9613 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Rivernorth Mutual Fund analysis
When running Rivernorth's price analysis, check to measure Rivernorth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rivernorth is operating at the current time. Most of Rivernorth's value examination focuses on studying past and present price action to predict the probability of Rivernorth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rivernorth's price. Additionally, you may evaluate how the addition of Rivernorth to your portfolios can decrease your overall portfolio volatility.
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