Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)

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Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is up 9.7% since the beginning of the year. At $15 per share, RMM is trading just below its 52-week high of $15. Investors who bought $1,000 worth of RMM shares 5 years ago would now be looking at an investment worth $1,024.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) has returned 9.72% so far this year and 14.51% over the past 12 months.

Based on dividend-adjusted daily data since Jul 26, 2019, RMM's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +14.9%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, RMM closed higher 50% of trading days. The best single day was Mar 25, 2020 with a return of +10.2%, while the worst single day was Mar 18, 2020 at -13.6%.

Rivernorth Managed Duration Municipal Income Fund Inc. has an annualized alpha of -2.02%, beta of 0.36, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since July 29, 2019.

• This stock participated in 84.66% of S&P 500 Index downside but only 46.35% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R2 of 0.17 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.17 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RMM ranks 76 for risk / return — better than 76% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and compare them to S&P 500 Index.

Rivernorth Managed Duration Municipal Income Fund Inc. provided a 7.29% dividend yield over the last twelve months, with an annual payout of $1.06 per share.

The table displays the monthly dividend distributions for Rivernorth Managed Duration Municipal Income Fund Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Rivernorth Managed Duration Municipal Income Fund Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Rivernorth Managed Duration Municipal Income Fund Inc. was 35.99%, occurring on Mar 23, 2020. Recovery took 274 trading sessions.

The current Rivernorth Managed Duration Municipal Income Fund Inc. drawdown is 5.68%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Rivernorth Managed Duration Municipal Income Fund Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Rivernorth Managed Duration Municipal Income Fund Inc. is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.