Rivernorth Managed Duration Etf Technical Analysis
| RMM Etf | USD 14.64 0.08 0.55% |
As of the 28th of May, RiverNorth Managed holds the Risk Adjusted Performance of (0.03), coefficient of variation of (2,105), and Variance of 0.3475. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RiverNorth Managed, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We have collected data for thirteen technical drivers for RiverNorth Managed, which can be compared to its competitors. Please check RiverNorth Managed risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if RiverNorth Managed is priced some-what accurately, providing market reflects its current price of 14.64 per share.
RiverNorth Managed 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 Managed technical etf 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, etf market cycles, or different charting patterns.
RiverNorth Managed Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Managed volatility. High ATR values indicate high volatility, and low values indicate low volatility.
RiverNorth Managed Trend Analysis
Use this graph to draw trend lines for RiverNorth Managed Duration. You can use it to identify possible trend reversals for RiverNorth Managed 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 Managed price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.RiverNorth Managed Best Fit Change Line
The following chart estimates an ordinary least squares regression model for RiverNorth Managed Duration applied against its price change over selected period. The best fit line has a slop of 0.0047 , which may imply that the returns on investment in RiverNorth Managed Duration will continue to fail. It has 122 observation points and a regression sum of squares at 0.82, which is the sum of squared deviations for the predicted RiverNorth Managed price change compared to its average price change.About RiverNorth Managed 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 Managed Duration 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 Managed Duration based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on RiverNorth Managed price pattern first instead of the macroeconomic environment surrounding RiverNorth Managed. By analyzing RiverNorth Managed'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 Managed'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 Managed specific price patterns or momentum indicators. Please read more on our technical analysis page.
RiverNorth Managed May 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 0.4738 | |||
| Coefficient Of Variation | (2,105) | |||
| Standard Deviation | 0.5895 | |||
| Variance | 0.3475 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.6784 | |||
| Skewness | (0.42) | |||
| Kurtosis | 0.1082 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RiverNorth Managed Duration. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of RiverNorth Managed is measured differently than its book value, which is the value of RiverNorth that is recorded on the company's balance sheet. Investors also form their own opinion of RiverNorth Managed's value that differs from its market value or its book value, called intrinsic value, which is RiverNorth Managed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RiverNorth Managed's market value can be influenced by many factors that don't directly affect RiverNorth Managed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RiverNorth Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if RiverNorth Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RiverNorth Managed'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.