Tachlit Indices (Israel) Market Value

TCH-F31 Etf  ILA 416.00  0.07  0.02%   
Tachlit Indices' market value is the price at which a share of Tachlit Indices trades on a public exchange. It measures the collective expectations of Tachlit Indices MF investors about its performance. Tachlit Indices is trading at 416.00 as of the 28th of March 2024, a 0.02 percent up since the beginning of the trading day. The etf's open price was 415.93.
With this module, you can estimate the performance of a buy and hold strategy of Tachlit Indices MF and determine expected loss or profit from investing in Tachlit Indices over a given investment horizon. Check out Tachlit Indices Correlation, Tachlit Indices Volatility and Tachlit Indices Alpha and Beta module to complement your research on Tachlit Indices.
Symbol

Please note, there is a significant difference between Tachlit Indices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tachlit Indices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tachlit Indices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Tachlit Indices 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tachlit Indices' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tachlit Indices.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Tachlit Indices on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tachlit Indices MF or generate 0.0% return on investment in Tachlit Indices over 30 days. More

Tachlit Indices Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tachlit Indices' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tachlit Indices MF upside and downside potential and time the market with a certain degree of confidence.

Tachlit Indices Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tachlit Indices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tachlit Indices' standard deviation. In reality, there are many statistical measures that can use Tachlit Indices historical prices to predict the future Tachlit Indices' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tachlit Indices' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
415.86416.00416.14
Details
Intrinsic
Valuation
LowRealHigh
407.59407.73457.60
Details
Naive
Forecast
LowNextHigh
416.79416.93417.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
415.68416.12416.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tachlit Indices. Your research has to be compared to or analyzed against Tachlit Indices' peers to derive any actionable benefits. When done correctly, Tachlit Indices' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tachlit Indices MF.

Tachlit Indices MF Backtested Returns

Tachlit Indices MF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0468, which indicates the etf had a -0.0468% return per unit of risk over the last 3 months. Tachlit Indices MF exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tachlit Indices' Semi Deviation of 0.0357, coefficient of variation of 1382.37, and Risk Adjusted Performance of 0.0125 to confirm the risk estimate we provide. The entity has a beta of 0.0025, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tachlit Indices' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tachlit Indices is expected to be smaller as well.

Auto-correlation

    
  0.41  

Average predictability

Tachlit Indices MF has average predictability. Overlapping area represents the amount of predictability between Tachlit Indices time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tachlit Indices MF price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Tachlit Indices price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.13

Tachlit Indices MF lagged returns against current returns

Autocorrelation, which is Tachlit Indices etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tachlit Indices' etf expected returns. We can calculate the autocorrelation of Tachlit Indices returns to help us make a trade decision. For example, suppose you find that Tachlit Indices has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Tachlit Indices regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tachlit Indices etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tachlit Indices etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tachlit Indices etf over time.
   Current vs Lagged Prices   
       Timeline  

Tachlit Indices Lagged Returns

When evaluating Tachlit Indices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tachlit Indices etf have on its future price. Tachlit Indices autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tachlit Indices autocorrelation shows the relationship between Tachlit Indices etf current value and its past values and can show if there is a momentum factor associated with investing in Tachlit Indices MF.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Tachlit Indices Correlation, Tachlit Indices Volatility and Tachlit Indices Alpha and Beta module to complement your research on Tachlit Indices.
Note that the Tachlit Indices MF information on this page should be used as a complementary analysis to other Tachlit Indices' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Tachlit Etf analysis

When running Tachlit Indices' price analysis, check to measure Tachlit Indices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tachlit Indices is operating at the current time. Most of Tachlit Indices' value examination focuses on studying past and present price action to predict the probability of Tachlit Indices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tachlit Indices' price. Additionally, you may evaluate how the addition of Tachlit Indices to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Tachlit Indices technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Tachlit Indices technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tachlit Indices trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...