Psagot Index (Israel) Market Value
| PSG-F106 | ILA 3,629 6.00 0.17% |
| Symbol | Psagot |
Please note, there is a significant difference between Psagot Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Psagot Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Psagot Index'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.
Psagot 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 Psagot 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 Psagot Index.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Psagot Index on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Psagot Index Funds or generate 0.0% return on investment in Psagot Index over 60 days. More
Psagot 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 Psagot 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 Psagot Index Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.45 |
Psagot Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Psagot Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Psagot Index's standard deviation. In reality, there are many statistical measures that can use Psagot Index historical prices to predict the future Psagot Index's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0787 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.6541 |
Psagot Index Funds Backtested Returns
At this point, Psagot Index is very steady. Psagot Index Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.0973, which implies the entity had a 0.0973% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Psagot Index Funds, which you can use to evaluate the volatility of the etf. Please check Psagot Index's Coefficient Of Variation of 1036.83, risk adjusted performance of 0.0769, and Semi Deviation of 1.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.071%. The etf holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Psagot Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Psagot Index is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Psagot Index Funds has modest predictability. Overlapping area represents the amount of predictability between Psagot Index time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Psagot Index Funds price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Psagot Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1160.28 |
Psagot Index Funds lagged returns against current returns
Autocorrelation, which is Psagot 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 Psagot Index's etf expected returns. We can calculate the autocorrelation of Psagot Index returns to help us make a trade decision. For example, suppose you find that Psagot 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 |
Psagot 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 Psagot Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Psagot Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Psagot Index etf over time.
Current vs Lagged Prices |
| Timeline |
Psagot Index Lagged Returns
When evaluating Psagot Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Psagot Index etf have on its future price. Psagot 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, Psagot Index autocorrelation shows the relationship between Psagot Index etf current value and its past values and can show if there is a momentum factor associated with investing in Psagot 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.Other Information on Investing in Psagot Etf
Psagot Index financial ratios help investors to determine whether Psagot 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 Psagot with respect to the benefits of owning Psagot Index security.