Russell Australian Government Etf Beta
| RGB Etf | 18.66 0.05 0.27% |
Russell Australian Government fundamentals help investors to digest information that contributes to Russell Australian's financial success or failures. It also enables traders to predict the movement of Russell Etf. The fundamental analysis module provides a way to measure Russell Australian'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 Russell Australian etf.
Russell |
Russell Australian Government ETF Beta Analysis
Russell Australian's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Russell Australian Beta | 1.41 |
Most of Russell Australian's fundamental indicators, such as Beta, 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, Russell Australian Government is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Russell Australian Government has a Beta of 1.41. This is much higher than that of the family and significantly higher than that of the Bonds - Australia category. The beta for all Australia etfs is notably lower than that of the firm.
Russell Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Russell Australian's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Russell Australian could also be used in its relative valuation, which is a method of valuing Russell Australian by comparing valuation metrics of similar companies.Russell Australian is currently under evaluation in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Russell Australian will likely underperform.
Russell Fundamentals
| Beta | 1.41 | |||
| One Year Return | 1.00 % | |||
| Three Year Return | (5.50) % | |||
| Five Year Return | (2.70) % | |||
| Ten Year Return | 0.70 % |
About Russell Australian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Russell Australian Government's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Russell Australian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Russell Australian Government 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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Other Information on Investing in Russell Etf
Russell Australian financial ratios help investors to determine whether Russell 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 Russell with respect to the benefits of owning Russell Australian security.