Rivernorth Managed Duration Etf Profile

RMM Etf  USD 14.97  0.01  0.07%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 41

 
100  
 
Zero
Below Average
RiverNorth Managed is selling at 14.97 as of the 28th of March 2024; that is 0.07 percent up since the beginning of the trading day. The etf's lowest day price was 14.89. RiverNorth Managed has about a 41 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for RiverNorth Managed Duration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Financial Services
IPO Date
26th of July 2019
Classification
Financials
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. Rivernorth Managed is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.. The company has 19.74 M outstanding shares of which 64.49 K shares are at this time shorted by investors with about 1.42 days to cover. More on RiverNorth Managed Duration

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RiverNorth Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. RiverNorth Managed's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding RiverNorth Managed or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMagnus Rosen
Old Names[Rambler Metals & Mining, RAMIRENT, Ramirent Oyj]
Business ConcentrationAsset Management & Custody Banks, Financial Services, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering RiverNorth Managed report their recommendations after researching RiverNorth Managed's financial statements, talking to executives and customers, or listening in on RiverNorth Managed's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering RiverNorth Managed. The RiverNorth consensus assessment is calculated by taking the average forecast from all of the analysts covering RiverNorth Managed.
Total Current Liabilities4.1 Million
Total Stockholder Equity321.3 Million
Currency CodeUSD
Fiscal Year EndDecember
Begin Period Cash Flow5.65 Million
Net Debt218.28 Million
Accounts Payable4.1 Million
Other Operating Expenses75,878
Non Current Assets Total533.56 Million
Non Currrent Assets Other(533.56 Million)
50 Day M A15.0277
CodeRMM
Common Stock Shares Outstanding19.74 Million
RiverNorth Managed Duration [RMM] is traded in USA and was established null. RiverNorth Managed is listed under Asset Management & Custody Banks category by Fama And French industry classification. The fund is classified under Financials category within Capital Markets family. RiverNorth Managed at this time have 544.84 M in assets. with the current yeild of 0.09%. RiverNorth Managed generates positive cash flow from operations, but has no cash available
Check RiverNorth Managed Probability Of Bankruptcy

RiverNorth Managed Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of RiverNorth Managed jumping above the current price in 90 days from now is about 29.69%. The RiverNorth Managed Duration probability density function shows the probability of RiverNorth Managed etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon RiverNorth Managed Duration has a beta of -0.044 indicating as returns on benchmark increase, returns on holding RiverNorth Managed are expected to decrease at a much lower rate. During the bear market, however, RiverNorth Managed Duration is likely to outperform the market. Additionally, riverNorth Managed Duration has an alpha of 0.0763, implying that it can generate a 0.0763 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 14.97HorizonTargetOdds Above 14.97
69.99%90 days
 14.97 
29.69%
Based on a normal probability distribution, the odds of RiverNorth Managed to move above the current price in 90 days from now is about 29.69 (This RiverNorth Managed Duration probability density function shows the probability of RiverNorth Etf to fall within a particular range of prices over 90 days) .

RiverNorth Managed Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. RiverNorth Managed market risk premium is the additional return an investor will receive from holding RiverNorth Managed 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 RiverNorth Managed. 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 RiverNorth Managed's alpha and beta are two of the key measurements used to evaluate RiverNorth Managed's performance over the market, the standard measures of volatility play an important role as well.

RiverNorth Managed Against Markets

Picking the right benchmark for RiverNorth Managed etf 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 RiverNorth Managed etf 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 RiverNorth Managed is critical whether you are bullish or bearish towards RiverNorth Managed Duration at a given time. Please also check how RiverNorth Managed's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in RiverNorth Managed 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.

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How to buy RiverNorth Etf?

Before investing in RiverNorth Managed, 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 RiverNorth Managed. To buy RiverNorth Managed etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of RiverNorth Managed. 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 RiverNorth Managed etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located RiverNorth Managed Duration etf 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 RiverNorth Managed Duration etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as RiverNorth Managed Duration, 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 etf 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 RiverNorth Managed Duration?

The danger of trading RiverNorth Managed Duration is mainly related to its market volatility and ETF 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 RiverNorth Managed 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 RiverNorth Managed. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile RiverNorth Managed 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 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running RiverNorth Managed's price analysis, check to measure RiverNorth Managed'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 Managed is operating at the current time. Most of RiverNorth Managed's value examination focuses on studying past and present price action to predict the probability of RiverNorth Managed'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 Managed's price. Additionally, you may evaluate how the addition of RiverNorth Managed to your portfolios can decrease your overall portfolio volatility.
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Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
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.