MNFTY 67 (Israel) Risk Analysis And Volatility Evaluation

MNFTY-67 -- Israel ETF  

ILS 5,994  88.00  1.49%

Our philosophy in 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 MNFTY 67 which you can use to evaluate future volatility of the organization. Please verify MNFTY-67 Mean Deviation of 0.7812 and Risk Adjusted Performance of 0.0061 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

MNFTY 67 Market Sensitivity

As returns on market increase, returns on owning MNFTY 67 are expected to decrease at a much smaller rate. During bear market, MNFTY 67 is likely to outperform the market.
One Month Beta |Analyze MNFTY-67 Demand Trend
Check current 30 days MNFTY 67 correlation with market (DOW)
β = -0.1307
MNFTY 67 Almost negative betaMNFTY-67 Beta Legend

MNFTY-67 Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

MNFTY 67 Projected Return Density Against Market

Assuming 30 trading days horizon, MNFTY-67 has beta of -0.1307 indicating as returns on benchmark increase, returns on holding MNFTY 67 are expected to decrease at a much smaller rate. During bear market, however, MNFTY-67 is likely to outperform the market. Additionally, MNFTY-67 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
=0.02
β
Beta against DOW=0.13
σ
Overall volatility
=0.00
Ir
Information ratio =0.13

MNFTY 67 Return Volatility

MNFTY-67 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0479% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

MNFTY 67 Investment Opportunity

DOW has a standard deviation of returns of 1.05 and is 9.223372036854776E16 times more volatile than MNFTY-67. 0% of all equities and portfolios are less risky than MNFTY 67. Compared to the overall equity markets, volatility of historical daily returns of MNFTY-67 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use MNFTY-67 to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of MNFTY 67 to be traded at S6593.4 in 30 days. As returns on market increase, returns on owning MNFTY 67 are expected to decrease at a much smaller rate. During bear market, MNFTY 67 is likely to outperform the market.

MNFTY 67 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding MNFTY-67 and equity matching DJI index in the same portfolio.

MNFTY 67 Volatility Indicators

MNFTY-67 Current Risk Indicators

Please see also Stocks Correlation. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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