RNSIX RiverNorth Doubleline Strategic Inc I 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 I 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
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American Century International Gr Inv
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Touchstone Balanced R6
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American Century Ultra® Y
EGWCX	9.73	-0.06	-0.61%
Allspring Discovery Small Cap Gr C
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Fidelity Magellan K6

RNSIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, RNSIX has been closely correlated with PIINX. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNSIX jumps, then PIINX could also see price increases.

Ticker / NAME	Correlation To RNSIX	1D Price Change %
RNSIX	100%	+0.11%
PIINX - RNSIX	86% Closely correlated	+0.09%
PIPNX - RNSIX	83% Closely correlated	+0.09%
PONAX - RNSIX	62% Loosely correlated	+0.09%
PONCX - RNSIX	59% Loosely correlated	+0.09%
PONRX - RNSIX	58% Loosely correlated	+0.09%
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