PSGGL 23 (Israel) Risk Analysis And Volatility

PSGGL-23 -- Israel ETF  

ILS 262.69  0.07  0.0267%

Our approach towards 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 PSGGL-23 which you can use to evaluate future volatility of the etf. Please check PSGGL-23 Risk Adjusted Performance of (0.33) to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

PSGGL 23 Market Sensitivity

As returns on market increase, PSGGL 23 returns are expected to increase less than the market. However during bear market, the loss on holding PSGGL 23 will be expected to be smaller as well.
2 Months Beta |Analyze PSGGL-23 Demand Trend
Check current 30 days PSGGL 23 correlation with market (DOW)
β = 0.007

PSGGL 23 Central Daily Price Deviation

PSGGL-23 Technical Analysis

Transformation
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PSGGL 23 Projected Return Density Against Market

Assuming 30 trading days horizon, PSGGL 23 has beta of 0.007 . This implies as returns on market go up, PSGGL 23 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PSGGL-23 will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. PSGGL-23 is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0094
β
Beta against DOW=0.007
σ
Overall volatility
=0.00
Ir
Information ratio =5.74

PSGGL 23 Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6967% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

PSGGL 23 Investment Opportunity

DOW has a standard deviation of returns of 0.7 and is 9.223372036854776E16 times more volatile than PSGGL-23. 0% of all equities and portfolios are less risky than PSGGL 23. Compared to the overall equity markets, volatility of historical daily returns of PSGGL-23 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use PSGGL-23 to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of PSGGL 23 to be traded at S275.82 in 30 days. . As returns on market increase, PSGGL 23 returns are expected to increase less than the market. However during bear market, the loss on holding PSGGL 23 will be expected to be smaller as well.

PSGGL 23 correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding PSGGL-23 and equity matching DJI index in the same portfolio.

PSGGL 23 Volatility Indicators

PSGGL-23 Current Risk Indicators

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