Harel Sal (Israel) Market Value
| HRL-F50 Etf | 5,851 7.00 0.12% |
| Symbol | Harel |
Please note, there is a significant difference between Harel Sal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harel Sal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harel Sal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Harel Sal '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 Sal'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 Sal.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Harel Sal on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Harel Sal SP or generate 0.0% return on investment in Harel Sal over 420 days. More
Harel Sal 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 Sal'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 Sal SP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.59 |
Harel Sal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harel Sal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harel Sal's standard deviation. In reality, there are many statistical measures that can use Harel Sal historical prices to predict the future Harel Sal's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.0716 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.392 |
Harel Sal SP Backtested Returns
At this point, Harel Sal is very steady. Harel Sal SP holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Harel Sal SP, which you can use to evaluate the volatility of the entity. Please check out Harel Sal's Market Risk Adjusted Performance of 0.402, downside deviation of 1.77, and Risk Adjusted Performance of 0.0741 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harel Sal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harel Sal is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Harel Sal SP has very good predictability. Overlapping area represents the amount of predictability between Harel Sal time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th of November 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 Sal SP price movement. The serial correlation of 0.85 indicates that around 85.0% of current Harel Sal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 45.8 K |
Harel Sal SP lagged returns against current returns
Autocorrelation, which is Harel Sal 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 Sal's etf expected returns. We can calculate the autocorrelation of Harel Sal returns to help us make a trade decision. For example, suppose you find that Harel Sal 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 Sal 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 Sal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harel Sal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harel Sal etf over time.
Current vs Lagged Prices |
| Timeline |
Harel Sal Lagged Returns
When evaluating Harel Sal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harel Sal etf have on its future price. Harel Sal 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 Sal autocorrelation shows the relationship between Harel Sal etf current value and its past values and can show if there is a momentum factor associated with investing in Harel Sal SP.
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.Other Information on Investing in Harel Etf
Harel Sal financial ratios help investors to determine whether Harel Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Harel with respect to the benefits of owning Harel Sal security.