Rivernorthdoubleline Strategic Opportunity Preferred Stock Performance
| OPP-PB Preferred Stock | 19.21 0.16 0.83% |
The company holds a Beta of 0.0052, which implies not very significant fluctuations relative to the market. As returns on the market increase, OPP-PB's returns are expected to increase less than the market. However, during the bear market, the loss of holding OPP-PB is expected to be smaller as well. RiverNorthDoubleLine has an expected return of -0.044%. Please make sure to check RiverNorthDoubleLine value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to decide if RiverNorthDoubleLine performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days RiverNorthDoubleLine Strategic Opportunity has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OPP-PB is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return (0.83) | Five Day Return (0.52) | Year To Date Return (1.99) | Ten Year Return (23.31) | All Time Return (23.31) |
OPP-PB |
OPP-PB Relative Risk vs. Return Landscape
If you would invest 1,978 in RiverNorthDoubleLine Strategic Opportunity on February 11, 2024 and sell it today you would lose (57.00) from holding RiverNorthDoubleLine Strategic Opportunity or give up 2.88% of portfolio value over 90 days. RiverNorthDoubleLine Strategic Opportunity is producing return of less than zero assuming 0.6994% volatility of returns over the 90 days investment horizon. Simply put, 6% of all preferred stocks have less volatile historical return distribution than OPP-PB, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
OPP-PB Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPP-PB's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as RiverNorthDoubleLine Strategic Opportunity, and traders can use it to determine the average amount a OPP-PB'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 = -0.0629
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OPP-PB |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average OPP-PB is not performing at its full potential. However, 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 OPP-PB by adding OPP-PB to a well-diversified portfolio.
OPP-PB Fundamentals Growth
OPP-PB Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of OPP-PB, and OPP-PB 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 OPP-PB Preferred Stock performance.
| Total Debt | 10.42 K | ||||
| Total Asset | 340.49 M | ||||
| Retained Earnings | (59.61 M) | ||||
About OPP-PB Performance
To evaluate RiverNorthDoubleLine Preferred Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when OPP-PB generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare OPP-PB Preferred Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand RiverNorthDoubleLine market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents OPP-PB's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Things to note about RiverNorthDoubleLine performance evaluation
Checking the ongoing alerts about OPP-PB for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for RiverNorthDoubleLine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| RiverNorthDoubleLine generated a negative expected return over the last 90 days |
- Analyzing OPP-PB's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether OPP-PB's stock is overvalued or undervalued compared to its peers.
- Examining OPP-PB's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating OPP-PB's management team can have a significant impact on its success or failure. Reviewing the track record and experience of OPP-PB's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of OPP-PB's preferred stock. These opinions can provide insight into OPP-PB's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RiverNorthDoubleLine Strategic Opportunity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for OPP-PB Preferred Stock analysis
When running OPP-PB's price analysis, check to measure OPP-PB'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 OPP-PB is operating at the current time. Most of OPP-PB's value examination focuses on studying past and present price action to predict the probability of OPP-PB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OPP-PB's price. Additionally, you may evaluate how the addition of OPP-PB to your portfolios can decrease your overall portfolio volatility.
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