Rivernorth Managed Duration Etf Price To Sales
| RMMZ Etf | USD 15.63 0.05 0.32% |
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 Price To Sales Analysis
RiverNorth Managed's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current RiverNorth Managed Price To Sales | 11.63 X |
Most of RiverNorth Managed's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RiverNorth Managed Duration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, RiverNorth Managed Duration has a Price To Sales of 11.6341 times. This is much higher than that of the Capital Markets family and significantly higher than that of the Financials category. The price to sales for all United States etfs is notably lower than that of the firm.
RiverNorth Price To Sales 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 Price To Sales 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 price to sales 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 | 0.90 X | ||||
| Price To Sales | 11.63 X | ||||
| Total Debt | 92.97 M | ||||
| Short Ratio | 0.58 X | ||||
| Earnings Per Share | 1.33 X | ||||
| Market Capitalization | 132.15 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.