Macroaxis considers Bank Hapoalim to be not too risky. Bank Hapoalim B
secures Sharpe Ratio (or Efficiency) of -0.078 which signifies that Bank Hapoalim B
had -0.078% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Bank Hapoalim B M exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bank Hapoalim B Risk Adjusted Performance
of (0.044576) and Mean Deviation of 1.05 to double-check risk estimate we provide. Macroaxis gives Bank Hapoalim performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2524 which signifies that as returns on market increase, returns on owning Bank Hapoalim are expected to decrease at a much smaller rate. During bear market, Bank Hapoalim is likely to outperform the market.. Even though it is essential to pay attention to Bank Hapoalim B historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bank Hapoalim B M exposes twenty-one different technical indicators which can help you to evaluate its performance. Bank Hapoalim B has expected return of -0.1357%. Please be advised to confirm Bank Hapoalim B Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Bank Hapoalim B past performance will be repeated at some point in the near future.
Poor reverse predictability
Bank Hapoalim B M has poor reverse predictability. Overlapping area represents the amount of predictability between Bank Hapoalim time series from October 17, 2018 to November 16, 2018 and November 16, 2018 to December 16, 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 Bank Hapoalim B price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Bank Hapoalim price fluctuation can be explain by its past prices. Given that Bank Hapoalim B M has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Bank Hapoalim for similar time interval.