Macroaxis considers Russell Multi to be unknown risk. Russell Multi Asset maintains Sharpe Ratio (i.e. Efficiency) of -0.5774 which implies Russell Multi Asset had -0.5774% of return per unit of risk over the last 2 months. Macroaxis philosophy towards forecasting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Russell Multi Asset exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Russell Multi Asset Coefficient Of Variation of
(1,722) and Risk Adjusted Performance of (0.09) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Russell Multi Market Sensitivity
|As returns on market increase, Russell Multi returns are expected to increase less than the market. However during bear market, the loss on holding Russell Multi will be expected to be smaller as well.2 Months Beta |Analyze Russell Multi Asset Demand TrendCheck current 30 days Russell Multi correlation with market (DOW)|
β = 0.0064
Russell Multi Central Daily Price Deviation
Russell Multi Asset Technical Analysis
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Russell Multi Projected Return Density Against MarketAssuming 30 trading days horizon, Russell Multi has beta of 0.0064 . This indicates as returns on market go up, Russell Multi average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Russell Multi Asset 70 B Acc will be expected to be much smaller as well. Additionally, Russell Multi Asset 70 B Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Russell Multi is -173.21. The daily returns are destributed with a variance of 1.15 and standard deviation of 1.07. The mean deviation of Russell Multi Asset 70 B Acc is currently at 0.82. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.04|
|Beta against DOW||=||0.0064|
Russell Multi Return VolatilityRussell Multi Asset 70 B Acc accepts 1.0712% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.3 and is 1.21 times more volatile than Russell Multi Asset 70 B Acc. 9% of all equities and portfolios are less risky than Russell Multi. Compared to the overall equity markets, volatility of historical daily returns of Russell Multi Asset 70 B Acc is lower than 9 (%) of all global equities and portfolios over the last 30 days. Use Russell Multi Asset 70 B Acc to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Russell Multi to be traded at $172.4 in 30 days. As returns on market increase, Russell Multi returns are expected to increase less than the market. However during bear market, the loss on holding Russell Multi will be expected to be smaller as well.
Russell Multi correlation with market