Russell 2000 Technical Analysis

R2
RUT -- USA Index  

 1,399  28.48  2.00%

As of the 9th of July, Russell 2000 holds the coefficient of variation of 738.88, semi deviation of 3.64, and risk adjusted performance of 0.2533. Our technical analysis interface allows you to check existing technical drivers of Russell 2000, as well as the relationship between them. Put it differently, 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 were able to analyze and collect data for 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 the standard deviation and value at risk to decide if Russell 2000 is priced some-what accurately, providing market reflects its current price of 1398.92 per share.

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Russell 2000 technical index 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, stock market cycles, or different charting patterns.
A focus of Russell 2000 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Russell 2000 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Russell 2000 Trend Analysis

Use 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 Line

The 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   4.63  , which means Russell 2000 will continue producing value for investors. It has 122 observation points and a regression sum of squares at 809771.92, which is the sum of squared deviations for the predicted Russell 2000 price change compared to its average price change.

About Russell 2000 Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Russell 2000 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Russell 2000 based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on Russell 2000 stock first instead of the macroeconomic environment surrounding Russell 2000 . By analyzing Russell 2000's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Russell 2000's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Russell 2000 specific price patterns or momentum indicators. Please read more on our technical analysis page.

Russell 2000 July 9, 2020 Technical Indicators

Most technical analysis of Russell stock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Russell from various momentum indicators to cycle indicators. When you analyze Russell charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance0.2533
Mean Deviation2.8
Semi Deviation3.64
Downside Deviation4.26
Coefficient Of Variation738.88
Standard Deviation3.68
Variance13.58
Information Ratio0.0895
Total Risk Alpha0.1692
Sortino Ratio0.0774
Maximum Drawdown20.46
Value At Risk(6.32)
Potential Upside5.09
Downside Variance18.11
Semi Variance13.24
Expected Short fall(2.71)
Skewness(0.20)
Kurtosis0.8136

Russell 2000 July 9, 2020 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Russell stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution  0.02  
Daily Balance Of Power (1.00)  
Rate Of Daily Change  0.98  
Day Median Price  1,385  
Day Typical Price  1,389  
Price Action Indicator  0.00  
Market Facilitation Index  28.48  
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