LG Russell (Netherlands) Market Value
| RTWO Etf | EUR 110.14 0.54 0.49% |
| Symbol | RTWO |
LG Russell '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 LG Russell'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 LG Russell.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in LG Russell on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding LG Russell 2000 or generate 0.0% return on investment in LG Russell over 540 days. LG Russell is related to or competes with VanEck Multi, IShares III, IShares Core, IShares France, IShares Core, and IShares STOXX. The Fund is designed to track the performance of the Russell 2000 Index More
LG Russell 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 LG Russell'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 LG Russell 2000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8773 | |||
| Information Ratio | 0.0733 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 2.52 |
LG Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Russell's standard deviation. In reality, there are many statistical measures that can use LG Russell historical prices to predict the future LG Russell's volatility.| Risk Adjusted Performance | 0.1333 | |||
| Jensen Alpha | 0.1897 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1209 | |||
| Treynor Ratio | 0.6774 |
LG Russell 2000 Backtested Returns
LG Russell appears to be very steady, given 3 months investment horizon. LG Russell 2000 retains Efficiency (Sharpe Ratio) of 0.16, which conveys that the entity had a 0.16% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for LG Russell, which you can use to evaluate the volatility of the etf. Please exercise LG Russell's Market Risk Adjusted Performance of 0.6874, standard deviation of 1.45, and Mean Deviation of 1.03 to check out if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LG Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Russell is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
LG Russell 2000 has modest predictability. Overlapping area represents the amount of predictability between LG Russell time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 LG Russell 2000 price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current LG Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 29.25 |
LG Russell 2000 lagged returns against current returns
Autocorrelation, which is LG Russell 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 LG Russell's etf expected returns. We can calculate the autocorrelation of LG Russell returns to help us make a trade decision. For example, suppose you find that LG Russell 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 |
LG Russell 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 LG Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Russell etf over time.
Current vs Lagged Prices |
| Timeline |
LG Russell Lagged Returns
When evaluating LG Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Russell etf have on its future price. LG Russell 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, LG Russell autocorrelation shows the relationship between LG Russell etf current value and its past values and can show if there is a momentum factor associated with investing in LG Russell 2000.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in RTWO Etf
LG Russell financial ratios help investors to determine whether RTWO 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 RTWO with respect to the benefits of owning LG Russell security.