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Smallcaps Adhering to $SML or their Index?
So I am curious on what the general consensus is about Smallcap stocks adhering to either the $SML / Russell 2000 or their individual Index, such as the NYSE or NASDAQ. What I mean by this is that if the general direction of the $SML is down, would the majority of smallcap stocks also be trending down - or would they be moving in the same Direction as their specific index (NYSE, NASDAQ?)
I hope that made sense. Here's another attempt at phrasing my question it:
If stock X is part of NASDAQ and also considered a Smallcap stock, would the stock more likely move in the direction of the $SML or the NASDAQ?
Thank you. Also, as a newcomer I am sorry about your loss to the hackers