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Israel Index (Israel) Backtesting

NQI
NQIL -- Israel Index  

 826.50  2.77  0.34%

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. Check out 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.
Symbol
Backtest

Israel Index 'What if' Analysis

0.00
01/03/2020
No Change 0.00  0.0 
In 2 months and 31 days
04/02/2020
0.00
If you would invest  0.00  in Israel Index on January 3, 2020 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 90 days. Israel Index is related to or competes with DELEK AUTOMOTIVE, GILAT SATELLITE, ARAD LTD, VICTORY SUPERMARKE, PENNANTPARK FLTNG, and SCOPE METALS.

Israel Index Upside/Downside Indicators

Information Ratio0.0231
Maximum Drawdown28.91
Value At Risk(8.93)
Potential Upside5.03

Israel Index Market Premium Indicators

Risk Adjusted Performance(0.18)
Total Risk Alpha0.2384

Israel Index Backtested Returns

Israel Index holds Efficiency (Sharpe) Ratio of -0.0626, which attests that the entity had -0.0626% of return per unit of risk over the last 3 months. 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-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The index retains a 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-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.31) 
correlation synergy

Poor reverse predictability

Israel Index has poor reverse predictability. Overlapping area represents the amount of predictability between Israel Index time series from January 3, 2020 to February 17, 2020 and February 17, 2020 to April 2, 2020. 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 -0.31 indicates that nearly 31.0% 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-0.31
Spearman Rank Test-0.53
Residual Average0.0
Price Variance26906.94

Israel Index lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Israel Index regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Israel Index Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - NQIL

Israel Index Investor Sentiment

Macroaxis traders are unemotional in their take regarding direction of Israel Index Index. What is your judgment towards investing in Israel companies? Are you bullish or bearish on Israel Index?
Bullish
Bearish
50% Bullish
50% Bearish
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Check out 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. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page