Russell Australian (Australia) Market Value
| RSM Etf | 20.13 0.01 0.05% |
| Symbol | Russell |
Russell Australian '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 Australian'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 Australian.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Russell Australian on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Russell Australian SemiGovernment or generate 0.0% return on investment in Russell Australian over 30 days. Russell Australian is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. Russell Australian is entity of Australia More
Russell Australian 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 Australian'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 Australian SemiGovernment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4493 |
Russell Australian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russell Australian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russell Australian's standard deviation. In reality, there are many statistical measures that can use Russell Australian historical prices to predict the future Russell Australian's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.6903 |
Russell Australian Backtested Returns
Russell Australian maintains Sharpe Ratio (i.e., Efficiency) of -0.0126, which implies the entity had a -0.0126% return per unit of risk over the last 3 months. Russell Australian exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Russell Australian's Coefficient Of Variation of (6,495), risk adjusted performance of (0.03), and Variance of 0.0727 to confirm the risk estimate we provide. The etf holds a Beta of -0.0205, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Russell Australian are expected to decrease at a much lower rate. During the bear market, Russell Australian is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
Russell Australian SemiGovernment has good reverse predictability. Overlapping area represents the amount of predictability between Russell Australian time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Australian price movement. The serial correlation of -0.54 indicates that about 54.0% of current Russell Australian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Russell Australian lagged returns against current returns
Autocorrelation, which is Russell Australian 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 Australian's etf expected returns. We can calculate the autocorrelation of Russell Australian returns to help us make a trade decision. For example, suppose you find that Russell Australian 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 Australian 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 Australian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell Australian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russell Australian etf over time.
Current vs Lagged Prices |
| Timeline |
Russell Australian Lagged Returns
When evaluating Russell Australian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russell Australian etf have on its future price. Russell Australian 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 Australian autocorrelation shows the relationship between Russell Australian etf current value and its past values and can show if there is a momentum factor associated with investing in Russell Australian SemiGovernment.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.