TCCHN 38 (Israel) Risk Analysis And Volatility

TCCHN-38 -- Israel ETF  

ILS 7,182  92.00  1.30%

Our way of 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 TCCHN 38 which you can use to evaluate future volatility of the entity. Please validate TCCHN-38 Mean Deviation of 0.7902, Market Risk Adjusted Performance of 0.5922 and Standard Deviation of 1.02 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TCCHN 38 Market Sensitivity

As returns on market increase, TCCHN 38 returns are expected to increase less than the market. However during bear market, the loss on holding TCCHN 38 will be expected to be smaller as well.
2 Months Beta |Analyze TCCHN-38 Demand Trend
Check current 30 days TCCHN 38 correlation with market (DOW)
β = 0.1757

TCCHN 38 Central Daily Price Deviation

TCCHN-38 Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

TCCHN 38 Projected Return Density Against Market

Assuming 30 trading days horizon, TCCHN 38 has beta of 0.1757 . This entails as returns on market go up, TCCHN 38 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TCCHN-38 will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0858 implying that it can potentially generate 0.0858% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.09
β
Beta against DOW=0.18
σ
Overall volatility
=0.00
Ir
Information ratio =0.0084

TCCHN 38 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

TCCHN 38 Investment Opportunity

DOW has a standard deviation of returns of 0.7 and is 9.223372036854776E16 times more volatile than TCCHN-38. 0% of all equities and portfolios are less risky than TCCHN 38. Compared to the overall equity markets, volatility of historical daily returns of TCCHN-38 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TCCHN-38 to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of TCCHN 38 to be traded at S7900.2 in 30 days. . As returns on market increase, TCCHN 38 returns are expected to increase less than the market. However during bear market, the loss on holding TCCHN 38 will be expected to be smaller as well.

TCCHN 38 correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding TCCHN-38 and equity matching DJI index in the same portfolio.

TCCHN 38 Volatility Indicators

TCCHN-38 Current Risk Indicators

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