Vanguard Russell 3000 Etf Market Value
| VRTTX Etf | USD 434.91 0.05 0.01% |
| Symbol | Vanguard |
The market value of Vanguard Russell 3000 is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Russell's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Russell's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vanguard Russell's market value can be influenced by many factors that don't directly affect Vanguard Russell's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vanguard Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Russell'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.
Vanguard 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 Vanguard 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 Vanguard Russell.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Vanguard Russell on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Vanguard Russell 3000 or generate 0.0% return on investment in Vanguard Russell over 720 days. Vanguard Russell is related to or competes with Vanguard Small, Vanguard Mid, Vanguard Total, Vanguard Large, Vanguard ESG, Vanguard Intermediate, and Vanguard Long. The advisor employs an indexing investment approach designed to track the performance of the Russell 3000 Index, which r... More
Vanguard 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 Vanguard 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 Vanguard Russell 3000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7708 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.26 |
Vanguard Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Russell's standard deviation. In reality, there are many statistical measures that can use Vanguard Russell historical prices to predict the future Vanguard Russell's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.0482 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.8584 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Russell'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.
Vanguard Russell 3000 Backtested Returns
We consider Vanguard Russell very steady. Vanguard Russell 3000 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0812, which indicates the etf had a 0.0812% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard Russell 3000, which you can use to evaluate the volatility of the etf. Please validate Vanguard Russell's Coefficient Of Variation of 1232.07, risk adjusted performance of 0.0526, and Semi Deviation of 0.6629 to confirm if the risk estimate we provide is consistent with the expected return of 0.063%. The entity has a beta of 0.0617, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Russell is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Vanguard Russell 3000 has average predictability. Overlapping area represents the amount of predictability between Vanguard Russell time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Vanguard Russell 3000 price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Vanguard Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 878.66 |
Vanguard Russell 3000 lagged returns against current returns
Autocorrelation, which is Vanguard 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 Vanguard Russell's etf expected returns. We can calculate the autocorrelation of Vanguard Russell returns to help us make a trade decision. For example, suppose you find that Vanguard 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 |
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Vanguard 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 Vanguard Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Russell etf over time.
Current vs Lagged Prices |
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Vanguard Russell Lagged Returns
When evaluating Vanguard Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Russell etf have on its future price. Vanguard 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, Vanguard Russell autocorrelation shows the relationship between Vanguard Russell etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Russell 3000.
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.When determining whether Vanguard Russell 3000 is a strong investment it is important to analyze Vanguard Russell's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vanguard Russell's future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports:Check out Vanguard Russell Correlation, Vanguard Russell Volatility and Vanguard Russell Alpha and Beta module to complement your research on Vanguard Russell. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Vanguard Russell technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.