HRMR 91 (Israel) Risk Analysis And Volatility Evaluation

HRMR-91 -- Israel ETF  

ILS 1,029,000  3,500  0.34%

Our philosophy in determining volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for HRMR-91 which you can use to evaluate future volatility of the entity. Please check out HRMR 91 Market Risk Adjusted Performance of 0.5141 and Risk Adjusted Performance of 0.039372 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

HRMR 91 Market Sensitivity

As returns on market increase, returns on owning HRMR 91 are expected to decrease at a much smaller rate. During bear market, HRMR 91 is likely to outperform the market.
One Month Beta |Analyze HRMR-91 Demand Trend
Check current 30 days HRMR 91 correlation with market (DOW)
β = -0.0194
HRMR 91 Almost negative betaHRMR-91 Beta Legend

HRMR-91 Technical Analysis

Transformation
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HRMR 91 Projected Return Density Against Market

Assuming 30 trading days horizon, HRMR-91 has beta of -0.0194 . This indicates as returns on benchmark increase, returns on holding HRMR 91 are expected to decrease at a much smaller rate. During bear market, however, HRMR-91 is likely to outperform the market. Additionally, HRMR-91 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.01
β
Beta against DOW=0.02
σ
Overall volatility
=0.00
Ir
Information ratio =0.76

HRMR 91 Return Volatility

HRMR-91 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

HRMR 91 Investment Opportunity

DOW has a standard deviation of returns of 1.04 and is 9.223372036854776E16 times more volatile than HRMR-91. 0% of all equities and portfolios are less risky than HRMR 91. Compared to the overall equity markets, volatility of historical daily returns of HRMR-91 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use HRMR-91 to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of HRMR 91 to be traded at S1080450.0 in 30 days. As returns on market increase, returns on owning HRMR 91 are expected to decrease at a much smaller rate. During bear market, HRMR 91 is likely to outperform the market.

HRMR 91 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding HRMR-91 and equity matching DJI index in the same portfolio.

HRMR 91 Volatility Indicators

HRMR-91 Current Risk Indicators

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