RNDLX RiverNorth Doubleline Strategic Inc R Forecast, Technical & Fundamental Analysis

The investment seeks current income and overall total return... Show more

Category: #Multisector Bond

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A.I.Advisor

published Highlights

Industry description

The investment seeks current income and overall total return. The fund's adviser allocates the fund's assets among three principal strategies: Tactical Closed-end Fund Income strategy, Core Fixed Income strategy, and Opportunistic Income strategy. The amount allocated to each of the principal strategies may change depending on the adviser's assessment of market risk, security valuations, market volatility, and the prospects for earning income and total return.

Volume

The average weekly volume growth across all stocks in the RiverNorth Doubleline Strategic Inc R MF was -6%. For the same stocks of the MF, the average monthly volume growth was -36% and the average quarterly volume growth was -37%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 24

P/E Growth Rating: 59

Price Growth Rating: 49

SMR Rating: 36

Profit Risk Rating: 56

Seasonality Score: -51 (-100 ... +100)

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A.I. Advisor

published General Information

General Information

Category MultisectorBond

Profile

Fundamentals

Details

	1 Day
MRRFX	16.29	0.07	+0.43%
BlackRock Mid-Cap Value R
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Cantor Fitzgerald Equity Opp Inst
MGISX	35.01	N/A	N/A
Morgan Stanley Inst Global Franchise R6
AULNX	96.10	-0.02	-0.02%
American Century Ultra® G
MYISX	19.96	-0.02	-0.10%
Victory Integrity Small/Mid-Cap Value Y

RNDLX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RNDLX has been closely correlated with PIINX. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNDLX jumps, then PIINX could also see price increases.

Ticker / NAME	Correlation To RNDLX	1D Price Change %
RNDLX	100%	+0.11%
PIINX - RNDLX	85% Closely correlated	+0.09%
PIPNX - RNDLX	83% Closely correlated	+0.09%
PONAX - RNDLX	63% Loosely correlated	+0.09%
PONCX - RNDLX	61% Loosely correlated	+0.09%
PONRX - RNDLX	60% Loosely correlated	+0.09%
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