Tachlit Index (Israel) Market Value
| TCH-FK4 Etf | ILA 2,295 38.00 1.68% |
| Symbol | Tachlit |
Please note, there is a significant difference between Tachlit Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tachlit Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tachlit 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.
Tachlit 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 Tachlit 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 Tachlit Index.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Tachlit Index on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tachlit Index Sal or generate 0.0% return on investment in Tachlit Index over 30 days. More
Tachlit 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 Tachlit 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 Tachlit Index Sal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.091 | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.71 |
Tachlit Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tachlit Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tachlit Index's standard deviation. In reality, there are many statistical measures that can use Tachlit Index historical prices to predict the future Tachlit Index's volatility.| Risk Adjusted Performance | 0.1562 | |||
| Jensen Alpha | 0.2163 | |||
| Total Risk Alpha | 0.0476 | |||
| Sortino Ratio | 0.0839 | |||
| Treynor Ratio | 13.89 |
Tachlit Index Sal Backtested Returns
Tachlit Index appears to be very steady, given 3 months investment horizon. Tachlit Index Sal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tachlit Index Sal, which you can use to evaluate the volatility of the etf. Please review Tachlit Index's Semi Deviation of 0.9758, risk adjusted performance of 0.1562, and Coefficient Of Variation of 499.82 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0157, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tachlit Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tachlit Index is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Tachlit Index Sal has very good predictability. Overlapping area represents the amount of predictability between Tachlit 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 Tachlit Index Sal price movement. The serial correlation of 0.8 indicates that around 80.0% of current Tachlit Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 503.43 |
Tachlit Index Sal lagged returns against current returns
Autocorrelation, which is Tachlit 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 Tachlit Index's etf expected returns. We can calculate the autocorrelation of Tachlit Index returns to help us make a trade decision. For example, suppose you find that Tachlit 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 |
Tachlit 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 Tachlit Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tachlit Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tachlit Index etf over time.
Current vs Lagged Prices |
| Timeline |
Tachlit Index Lagged Returns
When evaluating Tachlit Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tachlit Index etf have on its future price. Tachlit 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, Tachlit Index autocorrelation shows the relationship between Tachlit Index etf current value and its past values and can show if there is a momentum factor associated with investing in Tachlit Index Sal.
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 Index 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 Index security.