Rivernorth Managed Duration Etf Current Ratio
| RMMZ Etf | USD 15.75 0.15 0.96% |
RiverNorth Managed Duration fundamentals help investors to digest information that contributes to RiverNorth Managed's financial success or failures. It also enables traders to predict the movement of RiverNorth Etf. The fundamental analysis module provides a way to measure RiverNorth Managed's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RiverNorth Managed etf.
RiverNorth |
RiverNorth Managed Duration ETF Current Ratio Analysis
RiverNorth Managed's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, RiverNorth Managed Duration has a Current Ratio of 0.0 times. This indicator is about the same for the Capital Markets average (which is currently at 0.0) family and about the same as Financials (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
RiverNorth Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RiverNorth Managed's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RiverNorth Managed could also be used in its relative valuation, which is a method of valuing RiverNorth Managed by comparing valuation metrics of similar companies.RiverNorth Managed is currently under evaluation in current ratio as compared to similar ETFs.
RiverNorth Fundamentals
| Shares Outstanding | 8.46 M | |||
| Shares Owned By Insiders | 0.10 % | |||
| Shares Owned By Institutions | 11.41 % | |||
| Number Of Shares Shorted | 10.47 K | |||
| Price To Book | 0.91 X | |||
| Price To Sales | 11.72 X | |||
| Total Debt | 92.97 M | |||
| Short Ratio | 0.58 X | |||
| Earnings Per Share | 1.33 X | |||
| Market Capitalization | 133.17 M | |||
| Total Asset | 241.88 M | |||
| Retained Earnings | (5.4 M) | |||
| Annual Yield | 0.08 % | |||
| Net Asset | 241.88 M |
About RiverNorth Managed Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RiverNorth Managed Duration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RiverNorth Managed using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RiverNorth Managed Duration based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in RiverNorth Etf
RiverNorth Managed financial ratios help investors to determine whether RiverNorth Etf 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 Managed security.