TBNIT 55 (Israel) Risk Analysis And Volatility Evaluation

TBNIT-55 -- Israel ETF  

ILS 3,206  5.51  0.17%

Our approach into measuring 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 TBNIT-55 which you can use to evaluate future volatility of the entity. Please validate TBNIT 55 Risk Adjusted Performance of 0.08 and Market Risk Adjusted Performance of 4.98 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TBNIT 55 Market Sensitivity

As returns on market increase, returns on owning TBNIT 55 are expected to decrease at a much smaller rate. During bear market, TBNIT 55 is likely to outperform the market.
One Month Beta |Analyze TBNIT-55 Demand Trend
Check current 30 days TBNIT 55 correlation with market (DOW)
β = -0.002
TBNIT 55 Almost negative betaTBNIT-55 Beta Legend

TBNIT-55 Technical Analysis

Transformation
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TBNIT 55 Projected Return Density Against Market

Assuming 30 trading days horizon, TBNIT-55 has beta of -0.002 . This entails as returns on benchmark increase, returns on holding TBNIT 55 are expected to decrease at a much smaller rate. During bear market, however, TBNIT-55 is likely to outperform the market. Additionally, TBNIT-55 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
=0.01
β
Beta against DOW=0.002
σ
Overall volatility
=0.00
Ir
Information ratio =1.18

TBNIT 55 Return Volatility

TBNIT-55 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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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Investment Outlook

TBNIT 55 Investment Opportunity

DOW has a standard deviation of returns of 1.05 and is 9.223372036854776E16 times more volatile than TBNIT-55. 0% of all equities and portfolios are less risky than TBNIT 55. Compared to the overall equity markets, volatility of historical daily returns of TBNIT-55 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TBNIT-55 to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of TBNIT 55 to be traded at S3366.3 in 30 days. As returns on market increase, returns on owning TBNIT 55 are expected to decrease at a much smaller rate. During bear market, TBNIT 55 is likely to outperform the market.

TBNIT 55 correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding TBNIT-55 and equity matching DJI index in the same portfolio.

TBNIT 55 Volatility Indicators

TBNIT-55 Current Risk Indicators

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