Israel Index (Israel) Backtesting

NQIL -- Israel Index  

 1,042  1.70  0.16%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Israel Index 'What if' Analysis

October 16, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 15, 2018
0.00
If you would invest  0.00  in Israel Index on October 16, 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 60 days.

Israel Index Upside/Downside Indicators

Information Ratio(0.013132)
Maximum Drawdown6.8
Value At Risk(2.43)
Potential Upside1.83
  

Israel Index Market Premium Indicators

Risk Adjusted Performance(0.12)
Total Risk Alpha(0.014928)

Israel Index Backtested Returns

Israel Index holds Efficiency (Sharpe) Ratio of -0.0928 which attests that Israel Index had -0.0928% of return per unit of risk over the last 2 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 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.73) 
correlation synergy

Almost perfect reverse predictability

Israel Index has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Israel Index time series from October 16, 2018 to November 15, 2018 and November 15, 2018 to December 15, 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 -0.73 indicates that around 73.0% 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-0.73
Spearman Rank Test-0.39
Residual Average0.0
Price Variance796.58

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?
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Bearish
50% Bullish
50% Bearish
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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. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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