Xtrackers Russell (UK) Market Value
| XRSG Etf | 27,192 245.50 0.89% |
| Symbol | Xtrackers |
Xtrackers 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 Xtrackers 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 Xtrackers Russell.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Xtrackers Russell on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers Russell 2000 or generate 0.0% return on investment in Xtrackers Russell over 360 days. Xtrackers Russell is related to or competes with Xtrackers MSCI, Xtrackers FTSE, Xtrackers USD, Xtrackers MSCI, and Xtrackers ESG. Xtrackers Russell is entity of United Kingdom More
Xtrackers 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 Xtrackers 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 Xtrackers Russell 2000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7907 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 2.37 |
Xtrackers Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Russell's standard deviation. In reality, there are many statistical measures that can use Xtrackers Russell historical prices to predict the future Xtrackers Russell's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.183 | |||
| Total Risk Alpha | 0.0357 | |||
| Sortino Ratio | 0.146 | |||
| Treynor Ratio | 0.6449 |
Xtrackers Russell 2000 Backtested Returns
Currently, Xtrackers Russell 2000 is very steady. Xtrackers Russell 2000 shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers Russell 2000, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Russell's Market Risk Adjusted Performance of 0.6549, mean deviation of 0.8873, and Downside Deviation of 0.7907 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The entity maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xtrackers Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Russell is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Xtrackers Russell 2000 has weak predictability. Overlapping area represents the amount of predictability between Xtrackers Russell time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Xtrackers Russell 2000 price movement. The serial correlation of 0.23 indicates that over 23.0% of current Xtrackers Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 M |
Xtrackers Russell 2000 lagged returns against current returns
Autocorrelation, which is Xtrackers 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 Xtrackers Russell's etf expected returns. We can calculate the autocorrelation of Xtrackers Russell returns to help us make a trade decision. For example, suppose you find that Xtrackers 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 |
Xtrackers 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 Xtrackers Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Russell etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Russell Lagged Returns
When evaluating Xtrackers Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Russell etf have on its future price. Xtrackers 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, Xtrackers Russell autocorrelation shows the relationship between Xtrackers Russell etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Russell 2000.
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 Xtrackers Etf
Xtrackers Russell financial ratios help investors to determine whether Xtrackers 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 Xtrackers with respect to the benefits of owning Xtrackers Russell security.