|MBB60-49 -- Israel ETF|| |
ILS 309.35 0.41 0.13%
The entity owns Beta (Systematic Risk) of -0.0126 which conveys that as returns on market increase, returns on owning MBB60 49 are expected to decrease at a much smaller rate. During bear market, MBB60 49 is likely to outperform the market.. Although it is extremely important to respect MBB60-49
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The approach into estimating future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting MBB60-49 technical indicators
you can right now evaluate if the expected return of 0.0% will be sustainable into the future.