NOACU vs RMM
Comparison between Natural Order Acquisition Corp - Units (1 Ord & 1 War) (NOACU, Company) and RiverNorth Managed Duration Municipal Income Fund Inc (RMM, Company).
NOACU vs RMM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
NOACU
$289M
RMM
$288M
Max Drawdown
Winner
NOACU
26.56%
RMM
42.42%
Sharpe Ratio
NOACU
-0.66
Winner
RMM
1.10
5Y Beta
NOACU
N/A
RMM
0.18
Industry
NOACU
N/A
RMM
Asset Management
P/E Ratio
NOACU
89.17
Winner
RMM
34.80
5Y Dividends CAGR
NOACU
N/A
RMM
-2.48%
Debt to Equity
Winner
NOACU
0.00%
RMM
68.56%
Free Cash Flow Yield
NOACU
-0.63%
Winner
RMM
26.05%
P/B Ratio
NOACU
-36.88
RMM
N/A
NOACU vs RMM - Historical Returns
Returns include dividend reinvestment.
1M
NOACU
+0.30%
Winner
RMM
+2.41%
3M
NOACU
+0.90%
Winner
RMM
+3.84%
6M
NOACU
+0.80%
Winner
RMM
+10.15%
1Y
NOACU
-3.00%
Winner
RMM
+17.14%
5Y(CAGR)
NOACU
N/A
RMM
+0.50%
Max(CAGR)
NOACU
-0.35%
Winner
RMM
+2.16%
NOACU vs RMM - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | NOACU | RMM |
|---|---|---|
| 2026 | N/A | +10.15% |
| 2025 | N/A | +0.96% |
| 2024 | N/A | +7.96% |
| 2023 | N/A | +2.21% |
| 2022 | -0.99% | -23.50% |
| 2021 | -7.73% | +19.34% |
| 2020 | +7.32% | -2.99% |
| 2019 | N/A | -1.46% |
NOACU vs RMM Drawdown Comparison
The maximum drawdown for NOACU was -26.56%, occurring on Jan 26, 2022. This drawdown has not yet recovered.
The maximum drawdown for RMM was -35.96%, occurring on Mar 23, 2020. Recovery took 304 trading sessions.
The current NOACU drawdown is -24.45%. The current RMM drawdown is -4.54%.
| Rank | NOACU | RMM |
|---|---|---|
| #1 | -26.56% Feb 3, 2021 - Jan 26, 2022 | -35.96% Feb 7, 2020 - Apr 23, 2021 |
| #2 | -8.90% Jan 25, 2021 - Feb 2, 2021 | -33.26% Sep 2, 2021 - Oct 25, 2023 |
| #3 | -3.47% Dec 22, 2020 - Jan 12, 2021 | -4.84% Sep 3, 2019 - Jan 24, 2020 |
| #4 | -2.62% Dec 8, 2020 - Dec 18, 2020 | -2.48% Aug 21, 2019 - Sep 3, 2019 |
| #5 | -1.68% Jan 14, 2021 - Jan 21, 2021 | -2.40% Jul 14, 2021 - Jul 23, 2021 |
| #6 | -0.68% Nov 16, 2020 - Nov 19, 2020 | -1.76% May 11, 2021 - Jun 4, 2021 |
| #7 | -0.49% Nov 19, 2020 - Nov 24, 2020 | -1.48% Aug 13, 2021 - Sep 1, 2021 |
| #8 | -0.47% Dec 1, 2020 - Dec 4, 2020 | -1.16% Jan 27, 2020 - Feb 4, 2020 |
| #9 | -0.44% Jan 12, 2021 - Jan 14, 2021 | -0.98% Aug 8, 2019 - Aug 21, 2019 |
| #10 | -0.28% Nov 27, 2020 - Dec 1, 2020 | -0.75% Jul 30, 2021 - Aug 12, 2021 |
| #11 | -0.09% Dec 18, 2020 - Dec 22, 2020 | -0.66% Jul 23, 2021 - Jul 30, 2021 |
| #12 | N/A | -0.55% May 3, 2021 - May 7, 2021 |
| #13 | N/A | -0.54% Jun 28, 2021 - Jul 2, 2021 |
| #14 | N/A | -0.49% Jun 15, 2021 - Jun 28, 2021 |
| #15 | N/A | -0.20% Jul 26, 2019 - Jul 31, 2019 |
Correlation
Correlation between NOACU and RMM is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
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