PSCHN 56 (Israel) Risk Analysis And Volatility Evaluation

PSCHN-56 -- Israel ETF  

ILS 8,425  50.00  0.60%

Our philosophy in forecasting 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 PSCHN 56 which you can use to evaluate future volatility of the etf. Please check PSCHN-56 Market Risk Adjusted Performance of 0.74 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

PSCHN 56 Market Sensitivity

As returns on market increase, returns on owning PSCHN 56 are expected to decrease at a much smaller rate. During bear market, PSCHN 56 is likely to outperform the market.
One Month Beta |Analyze PSCHN-56 Demand Trend
Check current 30 days PSCHN 56 correlation with market (DOW)
β = -0.0319
PSCHN 56 Almost negative betaPSCHN-56 Beta Legend

PSCHN-56 Technical Analysis

Transformation
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PSCHN 56 Projected Return Density Against Market

Assuming 30 trading days horizon, PSCHN-56 has beta of -0.0319 . This implies as returns on benchmark increase, returns on holding PSCHN 56 are expected to decrease at a much smaller rate. During bear market, however, PSCHN-56 is likely to outperform the market. Moreover, PSCHN-56 has an alpha of 0.0181 implying that it can potentially generate 0.0181% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0181
β
Beta against DOW=0.03
σ
Overall volatility
=0.00
Ir
Information ratio =0.48

PSCHN 56 Return Volatility

PSCHN-56 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0603% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

PSCHN 56 Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 9.223372036854776E16 times more volatile than PSCHN-56. 0% of all equities and portfolios are less risky than PSCHN 56. Compared to the overall equity markets, volatility of historical daily returns of PSCHN-56 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use PSCHN-56 to enhance returns of your portfolios. The etf experiences moderate upward volatility. Check odds of PSCHN 56 to be traded at S9267.5 in 30 days. As returns on market increase, returns on owning PSCHN 56 are expected to decrease at a much smaller rate. During bear market, PSCHN 56 is likely to outperform the market.

PSCHN 56 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding PSCHN-56 and equity matching DJI index in the same portfolio.

PSCHN 56 Volatility Indicators

PSCHN-56 Current Risk Indicators

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