Russell Investments (Australia) Market Value
| RARI Etf | 29.93 0.21 0.71% |
| Symbol | Russell |
Russell Investments 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Russell Investments' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Russell Investments.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Russell Investments on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Russell Investments Australian or generate 0.0% return on investment in Russell Investments over 360 days. Russell Investments is related to or competes with ETFS Morningstar, BetaShares Geared, VanEck Vectors, SPDR SPASX, Beta Shares, VanEck FTSE, and IShares Core. Russell Investments is entity of Australia More
Russell Investments Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Russell Investments' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Russell Investments Australian upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8347 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.9962 |
Russell Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russell Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russell Investments' standard deviation. In reality, there are many statistical measures that can use Russell Investments historical prices to predict the future Russell Investments' volatility.| Risk Adjusted Performance | 0.0885 | |||
| Jensen Alpha | 0.0806 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (1.01) |
Russell Investments Backtested Returns
Currently, Russell Investments Australian is very steady. Russell Investments maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Russell Investments, which you can use to evaluate the volatility of the etf. Please check Russell Investments' Semi Deviation of 0.6842, coefficient of variation of 857.95, and Risk Adjusted Performance of 0.0885 to confirm if the risk estimate we provide is consistent with the expected return of 0.0718%. The etf holds a Beta of -0.071, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Russell Investments are expected to decrease at a much lower rate. During the bear market, Russell Investments is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Russell Investments Australian has very good predictability. Overlapping area represents the amount of predictability between Russell Investments time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Russell Investments price movement. The serial correlation of 0.85 indicates that around 85.0% of current Russell Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Russell Investments lagged returns against current returns
Autocorrelation, which is Russell Investments etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Russell Investments' etf expected returns. We can calculate the autocorrelation of Russell Investments returns to help us make a trade decision. For example, suppose you find that Russell Investments has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Russell Investments regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Russell Investments etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell Investments etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russell Investments etf over time.
Current vs Lagged Prices |
| Timeline |
Russell Investments Lagged Returns
When evaluating Russell Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russell Investments etf have on its future price. Russell Investments autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Russell Investments autocorrelation shows the relationship between Russell Investments etf current value and its past values and can show if there is a momentum factor associated with investing in Russell Investments Australian.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Russell Etf
Russell Investments 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 Investments security.