Russell 2000 2x Fund Market Value
| RYRUX Fund | USD 201.72 1.45 0.72% |
| Symbol | Russell |
Russell 2000 '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 2000's mutual fund 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 2000.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Russell 2000 on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Russell 2000 2x or generate 0.0% return on investment in Russell 2000 over 30 days. Russell 2000 is related to or competes with William Blair, Artisan Small, Mid Cap, Pace Small/medium, Goldman Sachs, Eip Growth, and L Abbett. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Russell 2000 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 2000's mutual fund 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 2000 2x upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0712 | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.16 |
Russell 2000 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russell 2000's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russell 2000's standard deviation. In reality, there are many statistical measures that can use Russell 2000 historical prices to predict the future Russell 2000's volatility.| Risk Adjusted Performance | 0.1019 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0808 | |||
| Treynor Ratio | 0.1045 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Russell 2000's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Russell 2000 2x Backtested Returns
Russell 2000 appears to be very steady, given 3 months investment horizon. Russell 2000 2x maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Russell 2000 2x, which you can use to evaluate the volatility of the fund. Please evaluate Russell 2000's Semi Deviation of 1.93, coefficient of variation of 806.16, and Risk Adjusted Performance of 0.1019 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 2.99, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Russell 2000 will likely underperform.
Auto-correlation | 0.52 |
Modest predictability
Russell 2000 2x has modest predictability. Overlapping area represents the amount of predictability between Russell 2000 time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 2000 2x price movement. The serial correlation of 0.52 indicates that about 52.0% of current Russell 2000 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 64.31 |
Russell 2000 2x lagged returns against current returns
Autocorrelation, which is Russell 2000 mutual fund'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 2000's mutual fund expected returns. We can calculate the autocorrelation of Russell 2000 returns to help us make a trade decision. For example, suppose you find that Russell 2000 has exhibited high autocorrelation historically, and you observe that the mutual fund 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 2000 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 2000 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell 2000 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russell 2000 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Russell 2000 Lagged Returns
When evaluating Russell 2000's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russell 2000 mutual fund have on its future price. Russell 2000 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 2000 autocorrelation shows the relationship between Russell 2000 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Russell 2000 2x.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Russell Mutual Fund
Russell 2000 financial ratios help investors to determine whether Russell Mutual Fund 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 2000 security.
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