Psagot Index's market value is the price at which a share of Psagot Index trades on a public exchange. It measures the collective expectations of Psagot Index Funds investors about its performance. Psagot Index is trading at 4353.00 as of the 2nd of December 2024, a No Change since the beginning of the trading day. The etf's open price was 4353.0. With this module, you can estimate the performance of a buy and hold strategy of Psagot Index Funds and determine expected loss or profit from investing in Psagot Index over a given investment horizon. Check out Your Equity Center 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
Psagot
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.
0.00
12/13/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/02/2024
0.00
If you would invest 0.00 in Psagot Index on December 13, 2022 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 720 days.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Psagot Index. Your research has to be compared to or analyzed against Psagot Index's peers to derive any actionable benefits. When done correctly, Psagot 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 Psagot Index Funds.
Psagot Index Funds Backtested Returns
Psagot Index Funds maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the entity had a -0.19% return per unit of risk over the last 3 months. Psagot Index Funds exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Psagot Index's Variance of 0.867, risk adjusted performance of (0.15), and Coefficient Of Variation of (517.31) to confirm the risk estimate we provide. The etf holds a Beta of 0.0517, 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
-0.39
Poor reverse predictability
Psagot Index Funds has poor reverse predictability. Overlapping area represents the amount of predictability between Psagot Index time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 -0.39 indicates that just about 39.0% of current Psagot Index price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.39
Spearman Rank Test
-0.32
Residual Average
0.0
Price Variance
26.3 K
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
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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.