KBCAC 39 (Israel) Risk Analysis And Volatility Evaluation

KBCAC-39 -- Israel ETF  

ILS 1,706  14.00  0.83%

Our approach into estimating 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 KBCAC 39 which you can use to evaluate future volatility of the entity. Please verify KBCAC-39 Market Risk Adjusted Performance of (0.48) and Mean Deviation of 0.3478 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

KBCAC 39 Market Sensitivity

As returns on market increase, KBCAC 39 returns are expected to increase less than the market. However during bear market, the loss on holding KBCAC 39 will be expected to be smaller as well.
2 Months Beta |Analyze KBCAC-39 Demand Trend
Check current 30 days KBCAC 39 correlation with market (DOW)
β = 0.0174

KBCAC 39 Central Daily Price Deviation

KBCAC-39 Technical Analysis

Transformation
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KBCAC 39 Projected Return Density Against Market

Assuming 30 trading days horizon, KBCAC 39 has beta of 0.0174 indicating as returns on market go up, KBCAC 39 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding KBCAC-39 will be expected to be much smaller as well. Additionally, KBCAC-39 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
=0.0066
β
Beta against DOW=0.0174
σ
Overall volatility
=0.00
Ir
Information ratio =0.20

KBCAC 39 Return Volatility

KBCAC-39 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2829% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

KBCAC 39 Investment Opportunity

DOW has a standard deviation of returns of 1.28 and is 9.223372036854776E16 times more volatile than KBCAC-39. 0% of all equities and portfolios are less risky than KBCAC 39. Compared to the overall equity markets, volatility of historical daily returns of KBCAC-39 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use KBCAC-39 to enhance returns of your portfolios. The etf experiences moderate upward volatility. Check odds of KBCAC 39 to be traded at S1876.6 in 30 days. As returns on market increase, KBCAC 39 returns are expected to increase less than the market. However during bear market, the loss on holding KBCAC 39 will be expected to be smaller as well.

KBCAC 39 correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding KBCAC-39 and equity matching DJI index in the same portfolio.

KBCAC 39 Volatility Indicators

KBCAC-39 Current Risk Indicators

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