Harel Index's market value is the price at which a share of Harel Index trades on a public exchange. It measures the collective expectations of Harel Index Funds investors about its performance. Harel Index is trading at 4567.00 as of the 3rd of December 2024, a 2.33% up since the beginning of the trading day. The etf's open price was 4463.0. With this module, you can estimate the performance of a buy and hold strategy of Harel Index Funds and determine expected loss or profit from investing in Harel Index over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.
Symbol
Harel
Harel Index '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 Harel Index'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 Harel Index.
0.00
11/03/2024
No Change 0.00
0.0
In 31 days
12/03/2024
0.00
If you would invest 0.00 in Harel Index on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Harel Index Funds or generate 0.0% return on investment in Harel Index over 30 days.
Harel Index 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 Harel Index'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 Harel Index Funds upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harel Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harel Index's standard deviation. In reality, there are many statistical measures that can use Harel Index historical prices to predict the future Harel Index's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harel Index. Your research has to be compared to or analyzed against Harel Index's peers to derive any actionable benefits. When done correctly, Harel Index's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harel Index Funds.
Harel Index Funds Backtested Returns
Harel Index appears to be very steady, given 3 months investment horizon. Harel Index Funds holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harel Index Funds, which you can use to evaluate the volatility of the entity. Please utilize Harel Index's Downside Deviation of 1.29, market risk adjusted performance of 5.63, and Risk Adjusted Performance of 0.2055 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.0609, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harel Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harel Index is expected to be smaller as well.
Auto-correlation
0.87
Very good predictability
Harel Index Funds has very good predictability. Overlapping area represents the amount of predictability between Harel Index time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Harel Index Funds price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Harel Index price fluctuation can be explain by its past prices.
Correlation Coefficient
0.87
Spearman Rank Test
0.58
Residual Average
0.0
Price Variance
4089.58
Harel Index Funds lagged returns against current returns
Autocorrelation, which is Harel Index 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 Harel Index's etf expected returns. We can calculate the autocorrelation of Harel Index returns to help us make a trade decision. For example, suppose you find that Harel Index 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
Timeline
Harel Index 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 Harel Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harel Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harel Index etf over time.
Current vs Lagged Prices
Timeline
Harel Index Lagged Returns
When evaluating Harel Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harel Index etf have on its future price. Harel Index 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, Harel Index autocorrelation shows the relationship between Harel Index etf current value and its past values and can show if there is a momentum factor associated with investing in Harel Index Funds.
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.