Use Russell Tax to protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Russell Tax to be traded at $23.52 in 30 days
Russell Tax Daily Price Distribution
The median price of Russell Tax for the period between Fri, Jul 29, 2016 and Sun, Aug 28, 2016 is 23.75 with a coefficient of variation of 0.14. The daily time series for the period is distributed with a sample standard deviation of 0.03, arithmetic mean of 23.75, and mean deviation of 0.03. The Fund did not receive any noticable media coverage during the period.
Russell Tax Summary
Russell Tax Exempt Bond E [RTBEX] is traded in USA and was established in May 14, 1999. The fund is listed under Muni National Interm category and is part of Russell family. This fund at this time has accumulated 1.41 B in assets with minimum initial investment of . Russell Tax Exempt Bond E is currently producing year-to-date (YTD) return of 3.56% with the current yeild of 2.44%, while the total return for the last 3 years was 5.51%.
Russell Tax Exempt generates negative expected return over the last 30 days
The fund maintains about 7.55% of its assets in cash
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Correlation analysis and pair trading evaluation for Russell Tax and Vanguard IntermTerm. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return