Russell 2000 15x Fund Market Value

RYMKX Fund  USD 64.80  0.40  0.62%   
Russell 2000's market value is the price at which a share of Russell 2000 trades on a public exchange. It measures the collective expectations of Russell 2000 15x investors about its performance. Russell 2000 is trading at 64.80 as of the 5th of December 2024; that is 0.62 percent increase since the beginning of the trading day. The fund's open price was 64.4.
With this module, you can estimate the performance of a buy and hold strategy of Russell 2000 15x and determine expected loss or profit from investing in Russell 2000 over a given investment horizon. Check out Russell 2000 Correlation, Russell 2000 Volatility and Russell 2000 Alpha and Beta module to complement your research on Russell 2000.
Symbol

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 if Russell 2000 is a good investment 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 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.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Russell 2000 on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Russell 2000 15x or generate 0.0% return on investment in Russell 2000 over 30 days. Russell 2000 is related to or competes with Small-midcap Dividend, Fisher Investments, Kinetics Small, Tax-managed, Artisan Small, and Ab Small. The fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in financial in... 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 15x 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.
Hype
Prediction
LowEstimatedHigh
62.9464.8066.66
Details
Intrinsic
Valuation
LowRealHigh
57.4359.2971.28
Details

Russell 2000 15x Backtested Returns

Russell 2000 appears to be very steady, given 3 months investment horizon. Russell 2000 15x maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Russell 2000 15x, which you can use to evaluate the volatility of the fund. Please evaluate Russell 2000's Semi Deviation of 1.15, coefficient of variation of 670.15, and Risk Adjusted Performance of 0.1163 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 2.14, 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

    
  0.40  

Average predictability

Russell 2000 15x has average predictability. Overlapping area represents the amount of predictability between Russell 2000 time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 15x price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Russell 2000 price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test-0.1
Residual Average0.0
Price Variance1.7

Russell 2000 15x 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 15x.
   Regressed Prices   
       Timeline  

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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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