Russell Index Market Value

RUT
 Index
  

 1,739  32.90  1.86%   

Russell 2000's market value is the price at which a share of Russell 2000 stock trades on a public exchange. It measures the collective expectations of Russell 2000 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Russell 2000 and determine expected loss or profit from investing in Russell 2000 over a given investment horizon. Check out Russell 2000 Hype Analysis, Russell 2000 Correlation, Portfolio Optimization, Russell 2000 Volatility, as well as analyze Russell 2000 Alpha and Beta and Russell 2000 Performance.
Symbol
Backtest

Please note, there is a significant difference between Russell 2000's value and its price as these two are different measures arrived at by different means. Investors typically determine Russell 2000 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Russell 2000's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 index 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.
0.00
04/30/2022
No Change 0.00  0.0 
In 2 months and 1 day
06/29/2022
0.00
If you would invest  0.00  in Russell 2000 on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Russell 2000 or generate 0.0% return on investment in Russell 2000 over 60 days. 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 index 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 upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Russell 2000 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1,7641,7661,768
Details
Intrinsic
Valuation
LowReal ValueHigh
1,5811,5831,942
Details
Naive
Forecast
LowNext ValueHigh
1,7441,7461,748
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,6261,7911,956
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Russell 2000. Your research has to be compared to or analyzed against Russell 2000's peers to derive any actionable benefits. When done correctly, Russell 2000's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Russell 2000.

Russell 2000 Backtested Returns

Russell 2000 maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Russell 2000 exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what Russell's beta means in this case. the returns on MARKET and Russell 2000 are completely uncorrelated. Even though it is essential to pay attention to Russell 2000 current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Russell 2000 exposes twenty-seven different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.29  

Poor predictability

Russell 2000 has poor predictability. Overlapping area represents the amount of predictability between Russell 2000 time series from 30th of April 2022 to 30th of May 2022 and 30th of May 2022 to 29th of June 2022. 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 price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Russell 2000 price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.17
Residual Average0.0
Price Variance7236.23

Russell 2000 lagged returns against current returns

Autocorrelation, which is Russell 2000 index'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 index 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 index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      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 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell 2000 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russell 2000 index over time.
 Current vs Lagged Prices 
Share
      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 index 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 index current value and its past values and can show if there is a momentum factor associated with investing in Russell 2000 .
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Russell 2000 without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Russell 2000 Hype Analysis, Russell 2000 Correlation, Portfolio Optimization, Russell 2000 Volatility, as well as analyze Russell 2000 Alpha and Beta and Russell 2000 Performance. Note that the Russell 2000 information on this page should be used as a complementary analysis to other Russell 2000's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Other Tools for Russell Index

When running Russell 2000 price analysis, check to measure Russell 2000's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Russell 2000 is operating at the current time. Most of Russell 2000's value examination focuses on studying past and present price action to predict the probability of Russell 2000's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Russell 2000's price. Additionally, you may evaluate how the addition of Russell 2000 to your portfolios can decrease your overall portfolio volatility.
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