This module allows you to analyze existing cross correlation between MerVal and Israel Index. You can compare the effects of market volatilities on MerVal and Israel Index and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in MerVal with a short position of Israel Index. See also your portfolio center. Please also check ongoing floating volatility patterns of MerVal and Israel Index.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, MerVal is expected to under-perform the Israel Index. In addition to that, MerVal is 1.89 times more volatile than Israel Index. It trades about -0.14 of its total potential returns per unit of risk. Israel Index is currently generating about -0.21 per unit of volatility. If you would invest 112,886 in Israel Index on January 25, 2018 and sell it today you would lose (5,953) from holding Israel Index or give up 5.27% of portfolio value over 30 days.