Russell High (Australia) Market Value
| RDV Etf | 32.40 0.14 0.43% |
| Symbol | Russell |
Russell High '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 High's 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 High.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Russell High on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Russell High Dividend or generate 0.0% return on investment in Russell High over 390 days. Russell High is related to or competes with IShares Core, SPDR SP, Vanguard Total, IShares Core, VanEck Vectors, VanEck Morningstar, and IShares CoreSP. Russell High is entity of Australia. It is traded as Etf on AU exchange. More
Russell High 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 High's 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 High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7851 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.9631 |
Russell High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russell High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russell High's standard deviation. In reality, there are many statistical measures that can use Russell High historical prices to predict the future Russell High's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (4.76) |
Russell High Dividend Backtested Returns
Currently, Russell High Dividend is very steady. Russell High Dividend maintains Sharpe Ratio (i.e., Efficiency) of 0.0715, which implies the entity had a 0.0715% return per unit of risk over the last 3 months. We have found thirty technical indicators for Russell High Dividend, which you can use to evaluate the volatility of the etf. Please check Russell High's Semi Deviation of 0.6668, risk adjusted performance of 0.0717, and Coefficient Of Variation of 1044.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0473%. The etf holds a Beta of -0.0113, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Russell High are expected to decrease at a much lower rate. During the bear market, Russell High is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Russell High Dividend has very good predictability. Overlapping area represents the amount of predictability between Russell High time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 High Dividend price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Russell High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Russell High Dividend lagged returns against current returns
Autocorrelation, which is Russell High 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 High's etf expected returns. We can calculate the autocorrelation of Russell High returns to help us make a trade decision. For example, suppose you find that Russell High 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russell High etf over time.
Current vs Lagged Prices |
| Timeline |
Russell High Lagged Returns
When evaluating Russell High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russell High etf have on its future price. Russell High 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 High autocorrelation shows the relationship between Russell High etf current value and its past values and can show if there is a momentum factor associated with investing in Russell High Dividend.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Russell Etf
Russell High 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 High security.