KGAS 117 (Israel) Risk Analysis And Volatility Evaluation

KGAS-117 -- Israel ETF  

ILS 37,711  832.00  2.16%

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 KGAS 117 which you can use to evaluate future volatility of the organization. Please verify KGAS-117 Market Risk Adjusted Performance of 0.0061 and Mean Deviation of 0.8787 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

KGAS 117 Market Sensitivity

As returns on market increase, KGAS 117 returns are expected to increase less than the market. However during bear market, the loss on holding KGAS 117 will be expected to be smaller as well.
2 Months Beta |Analyze KGAS-117 Demand Trend
Check current 30 days KGAS 117 correlation with market (DOW)
β = 0.1218

KGAS 117 Central Daily Price Deviation

KGAS-117 Technical Analysis

Transformation
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KGAS 117 Projected Return Density Against Market

Assuming 30 trading days horizon, KGAS 117 has beta of 0.1218 indicating as returns on market go up, KGAS 117 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding KGAS-117 will be expected to be much smaller as well. Moreover, KGAS-117 has an alpha of 0.0049 implying that it can potentially generate 0.0049% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0049
β
Beta against DOW=0.12
σ
Overall volatility
=0.00
Ir
Information ratio =0.0298

KGAS 117 Return Volatility

KGAS-117 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

KGAS 117 Investment Opportunity

DOW has a standard deviation of returns of 1.3 and is 9.223372036854776E16 times more volatile than KGAS-117. 0% of all equities and portfolios are less risky than KGAS 117. Compared to the overall equity markets, volatility of historical daily returns of KGAS-117 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use KGAS-117 to protect against small markets fluctuations. The etf experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of KGAS 117 to be traded at S36202.56 in 30 days. As returns on market increase, KGAS 117 returns are expected to increase less than the market. However during bear market, the loss on holding KGAS 117 will be expected to be smaller as well.

KGAS 117 correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding KGAS-117 and equity matching DJI index in the same portfolio.

KGAS 117 Volatility Indicators

KGAS-117 Current Risk Indicators

Please see also Stocks Correlation. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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