PSSP 211 (Israel) Risk Analysis And Volatility Evaluation

PSSP-211 -- Israel ETF  

ILS 9,638  102.00  1.07%

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 PSSP-211 which you can use to evaluate future volatility of the etf. Please check PSSP-211 Market Risk Adjusted Performance of 0.4868 and Risk Adjusted Performance of 0.11 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

PSSP 211 Market Sensitivity

As returns on market increase, returns on owning PSSP 211 are expected to decrease at a much smaller rate. During bear market, PSSP 211 is likely to outperform the market.
One Month Beta |Analyze PSSP-211 Demand Trend
Check current 30 days PSSP 211 correlation with market (DOW)
β = -0.1197
PSSP 211 Almost negative betaPSSP-211 Beta Legend

PSSP-211 Technical Analysis

Transformation
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PSSP 211 Projected Return Density Against Market

Assuming 30 trading days horizon, PSSP-211 has beta of -0.1197 . This implies as returns on benchmark increase, returns on holding PSSP 211 are expected to decrease at a much smaller rate. During bear market, however, PSSP-211 is likely to outperform the market. Additionally, PSSP-211 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
=0.08
β
Beta against DOW=0.12
σ
Overall volatility
=0.00
Ir
Information ratio =0.22

PSSP 211 Return Volatility

PSSP-211 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

PSSP 211 Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 9.223372036854776E16 times more volatile than PSSP-211. 0% of all equities and portfolios are less risky than PSSP 211. Compared to the overall equity markets, volatility of historical daily returns of PSSP-211 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use PSSP-211 to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of PSSP 211 to be traded at S10601.8 in 30 days. As returns on market increase, returns on owning PSSP 211 are expected to decrease at a much smaller rate. During bear market, PSSP 211 is likely to outperform the market.

PSSP 211 correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding PSSP-211 and equity matching DJI index in the same portfolio.

PSSP 211 Volatility Indicators

PSSP-211 Current Risk Indicators

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