Rivernorthdoubleline Strategic Opportunity Preferred Stock Today
| OPP-PB Preferred Stock | 20.15 0.35 1.77% |
Performance2 of 100
| Odds Of DistressLess than 9
|
OPP-PB is trading at 20.15 as of the 27th of April 2024, a 1.77 percent up since the beginning of the trading day. The preferred stock's open price was 19.8. OPP-PB has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for RiverNorthDoubleLine Strategic Opportunity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of March 2024 and ending today, the 27th of April 2024. Click here to learn more.
RiverNorthDoubleLine Strategic Opportunity cannot be verified against its exchange. Apparently, OPP-PB is not available for investing at the moment. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
RefreshOPP-PB Preferred Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. OPP-PB's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding OPP-PB or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Financials, Capital Markets, Asset Management, Financial Services (View all Sectors) |
RiverNorthDoubleLine Strategic Opportunity (OPP-PB) is traded on New York Stock Exchange in USA. It is located in 325 North LaSalle Street, Chicago, IL, United States, 60654 and employs 2 people. The company operates under Capital Markets sector and is part of Financials industry. RiverNorthDoubleLine has 0 outstanding shares of which 8.98 K shares are now shorted by private and institutional investors with about 2.2 days to cover all short positions.
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RiverNorthDoubleLine Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. OPP-PB market risk premium is the additional return an investor will receive from holding OPP-PB long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in OPP-PB. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although OPP-PB's alpha and beta are two of the key measurements used to evaluate OPP-PB's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | (0.000056) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.09) |
OPP-PB Stock Against Markets
Picking the right benchmark for OPP-PB preferred stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in OPP-PB preferred stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for OPP-PB is critical whether you are bullish or bearish towards RiverNorthDoubleLine Strategic Opportunity at a given time. Please also check how OPP-PB's historical prices are related to one of the top price index indicators.
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Be your own money manager
Our tools can tell you how much better you can do entering a position in OPP-PB without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy OPP-PB Preferred Stock?
Before investing in OPP-PB, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in OPP-PB. To buy OPP-PB preferred stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of OPP-PB. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase OPP-PB preferred stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located RiverNorthDoubleLine Strategic Opportunity preferred stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased RiverNorthDoubleLine Strategic Opportunity preferred stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the preferred stock
It's important to note that investing in stocks, such as RiverNorthDoubleLine Strategic Opportunity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in preferred stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in RiverNorthDoubleLine Strategic Opportunity?
The danger of trading RiverNorthDoubleLine Strategic Opportunity is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of OPP-PB is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than OPP-PB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile RiverNorthDoubleLine is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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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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