This module allows you to analyze existing cross correlation between Israel Index and S&P 500. You can compare the effects of market volatilities on Israel Index and SP 500 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 Israel Index with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Israel Index and SP 500.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Israel Index is expected to under-perform the SP 500. In addition to that, Israel Index is 2.26 times more volatile than S&P 500. It trades about -0.09 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.13 per unit of volatility. If you would invest 256,913 in S&P 500 on October 24, 2017 and sell it today you would earn a total of 2,795 from holding S&P 500 or generate 1.09% return on investment over 30 days.