Russell Investment Tax Managed Fund Market Value
| RTXAX Fund | USD 12.37 0.02 0.16% |
| Symbol | Russell |
Russell Investment '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 Investment'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 Investment.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Russell Investment on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Russell Investment Tax Managed or generate 0.0% return on investment in Russell Investment over 30 days. Russell Investment is related to or competes with Guidepath Conservative, Delaware Limited, Jhancock Diversified, Guggenheim Diversified, Voya Solution, Jhancock Diversified, and Global Diversified. The investment seeks to provide long term capital growth on an after-tax basis More
Russell Investment 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 Investment'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 Investment Tax Managed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9623 |
Russell Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russell Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russell Investment's standard deviation. In reality, there are many statistical measures that can use Russell Investment historical prices to predict the future Russell Investment's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.22) |
Russell Investment Tax Backtested Returns
Russell Investment Tax maintains Sharpe Ratio (i.e., Efficiency) of -0.0636, which implies the entity had a -0.0636 % return per unit of risk over the last 3 months. Russell Investment Tax exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Russell Investment's Coefficient Of Variation of (1,571), risk adjusted performance of (0.05), and Variance of 0.5974 to confirm the risk estimate we provide. The fund holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Russell Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Russell Investment is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Russell Investment Tax Managed has very good predictability. Overlapping area represents the amount of predictability between Russell Investment time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. 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 Investment Tax price movement. The serial correlation of 0.81 indicates that around 81.0% of current Russell Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Russell Investment Tax lagged returns against current returns
Autocorrelation, which is Russell Investment 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 Investment's mutual fund expected returns. We can calculate the autocorrelation of Russell Investment returns to help us make a trade decision. For example, suppose you find that Russell Investment 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 Investment 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 Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russell Investment 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 Investment mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Russell Investment Lagged Returns
When evaluating Russell Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russell Investment mutual fund have on its future price. Russell Investment 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 Investment autocorrelation shows the relationship between Russell Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Russell Investment Tax Managed.
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 Investment 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 Investment security.
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