Tachlit Indices (Israel) Market Value
| TCH-F99 Etf | ILA 138.90 2.00 1.46% |
| Symbol | Tachlit |
Please note, there is a significant difference between Tachlit Indices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tachlit Indices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tachlit Indices' 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.
Tachlit Indices '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 Tachlit Indices' 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 Tachlit Indices.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tachlit Indices on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Tachlit Indices Mutual or generate 0.0% return on investment in Tachlit Indices over 210 days. More
Tachlit Indices 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 Tachlit Indices' 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 Tachlit Indices Mutual upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 3.36 |
Tachlit Indices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tachlit Indices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tachlit Indices' standard deviation. In reality, there are many statistical measures that can use Tachlit Indices historical prices to predict the future Tachlit Indices' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 3.55 |
Tachlit Indices Mutual Backtested Returns
Tachlit Indices Mutual owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the etf had a -0.18% return per unit of risk over the last 3 months. Tachlit Indices Mutual exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tachlit Indices' Variance of 5.12, coefficient of variation of (898.03), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.0738, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tachlit Indices are expected to decrease at a much lower rate. During the bear market, Tachlit Indices is likely to outperform the market.
Auto-correlation | 0.35 |
Below average predictability
Tachlit Indices Mutual has below average predictability. Overlapping area represents the amount of predictability between Tachlit Indices time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Tachlit Indices Mutual price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Tachlit Indices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 182.24 |
Tachlit Indices Mutual lagged returns against current returns
Autocorrelation, which is Tachlit Indices 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 Tachlit Indices' etf expected returns. We can calculate the autocorrelation of Tachlit Indices returns to help us make a trade decision. For example, suppose you find that Tachlit Indices 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 |
Tachlit Indices 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 Tachlit Indices etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tachlit Indices etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tachlit Indices etf over time.
Current vs Lagged Prices |
| Timeline |
Tachlit Indices Lagged Returns
When evaluating Tachlit Indices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tachlit Indices etf have on its future price. Tachlit Indices 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, Tachlit Indices autocorrelation shows the relationship between Tachlit Indices etf current value and its past values and can show if there is a momentum factor associated with investing in Tachlit Indices Mutual.
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 Tachlit Etf
Tachlit Indices financial ratios help investors to determine whether Tachlit 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 Tachlit with respect to the benefits of owning Tachlit Indices security.