PSSG 205 (Israel) Risk Analysis And Volatility Evaluation

PSSG-205 -- Israel ETF  

ILS 2,235  27.00  1.22%

Our philosophy 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 PSSG-205 which you can use to evaluate future volatility of the etf. Please check PSSG-205 Market Risk Adjusted Performance of 0.034223 and Risk Adjusted Performance of 0.0001396 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

PSSG 205 Market Sensitivity

As returns on market increase, PSSG 205 returns are expected to increase less than the market. However during bear market, the loss on holding PSSG 205 will be expected to be smaller as well.
One Month Beta |Analyze PSSG-205 Demand Trend
Check current 30 days PSSG 205 correlation with market (DOW)
β = 0.1625
PSSG 205 Small BetaPSSG-205 Beta Legend

PSSG-205 Technical Analysis

Transformation
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PSSG 205 Projected Return Density Against Market

Assuming 30 trading days horizon, PSSG 205 has beta of 0.1625 . This implies as returns on market go up, PSSG 205 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding PSSG-205 will be expected to be much smaller as well. Moreover, PSSG-205 has an alpha of 0.0228 implying that it can potentially generate 0.0228% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0228
β
Beta against DOW=0.16
σ
Overall volatility
=0.00
Ir
Information ratio =0.23

PSSG 205 Return Volatility

PSSG-205 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

PSSG 205 Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 9.223372036854776E16 times more volatile than PSSG-205. 0% of all equities and portfolios are less risky than PSSG 205. Compared to the overall equity markets, volatility of historical daily returns of PSSG-205 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use PSSG-205 to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of PSSG 205 to be traded at S2458.5 in 30 days. As returns on market increase, PSSG 205 returns are expected to increase less than the market. However during bear market, the loss on holding PSSG 205 will be expected to be smaller as well.

PSSG 205 correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding PSSG-205 and equity matching DJI index in the same portfolio.

PSSG 205 Volatility Indicators

PSSG-205 Current Risk Indicators

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