As of 23 of October Russell 2000 holds Semi Deviation of 1.64, Risk Adjusted Performance of 0.0146 and Coefficient Of Variation of 8784.59. Macroaxis technical analysis interface allows you to check existing technical drivers of Russell 2000 as well as the relationship between them. In other words you can use this information to find out if the index will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Russell 2000 which can be compared to its competitors. Please check Russell 2000 Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Russell 2000 is priced some-what accurately providing market reflects its current price of 1550.87 per share.
|Horizon||30 Days Login to change|
Russell 2000 Trend AnalysisUse this graph to draw trend lines for Russell 2000 . You can use it to identify possible trend reversals for Russell 2000 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Russell 2000 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Russell 2000 Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Russell 2000 applied against its price change over selected period. The best fit line has a slop of 0.16 which means Russell 2000 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 933.17, which is the sum of squared deviations for the predicted Russell 2000 price change compared to its average price change.
Russell 2000 October 23, 2019 Technical Indicators
|Risk Adjusted Performance||0.0146|
|Coefficient Of Variation||8784.59|
|Total Risk Alpha||0.0478|
|Value At Risk||(3.07)|
|Expected Short fall||(1.16)|
Russell 2000 October 23, 2019 Daily Price Condition
|Daily Balance Of Power||1.00|
|Rate Of Daily Change||1.00|
|Day Median Price||1,551|
|Day Typical Price||1,551|
|Price Action Indicator||0.00|
|Market Facilitation Index||0.73|