Israel Index (Israel) Backtesting

Israel Index -- Israel Index  

 1,066  4.20  0.40%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Israel Index and determine expected loss or profit from investing in Israel Index over given investment horizon. See also Israel Index Hype Analysis, Israel Index Correlation, Portfolio Optimization, Israel Index Volatility as well as analyze Israel Index Alpha and Beta and Israel Index Performance
 Time Horizon     30 Days    Login   to change

Israel Index 'What if' Analysis

January 19, 2018
No Change 0.00  0.0%
In 31 days
February 18, 2018
If you would invest  0.00  in Israel Index on January 19, 2018 and sell it all today you would earn a total of 0.00 from holding Israel Index or generate 0.0% return on investment in Israel Index over 30 days.

Israel Index Upside/Downside Indicators


Israel Index Market Premium Indicators

Israel Index lagged returns against current returns

 Current and Lagged Values 

Israel Index regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Israel Index Backtested Returns

Israel Index holds Efficiency (Sharpe) Ratio of -0.1811 which attests that Israel Index had -0.1811% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Israel Index exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Israel Index are completely uncorrelated. Even though it is essential to pay attention to Israel Index current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Israel Index exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.44) 

Modest reverse predictability

Israel Index has modest reverse predictability. Overlapping area represents the amount of predictability between Israel Index time series from January 19, 2018 to February 3, 2018 and February 3, 2018 to February 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Israel Index price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Israel Index price fluctuation can be explain by its past prices. Given that Israel Index has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Israel Index for similar time interval.
Correlation Coefficient -0.44
Spearman Rank Test -0.38
Price Variance 205.77
Lagged Price Variance 44.36

Israel Index Lagged Returns

 Regressed Prices 

Israel Index Performance vs Israel Index

The median price of Israel Index for the period between Fri, Jan 19, 2018 and Sun, Feb 18, 2018 is 1113.97 with a coefficient of variation of 2.84. The daily time series for the period is distributed with a sample standard deviation of 31.18, arithmetic mean of 1097.92, and mean deviation of 27.52. The Index did not receive any noticable media coverage during the period.
Price Growth (%)