TCCHN 38 (Israel) Risk Analysis And Volatility Evaluation

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 0.6467, Market Risk Adjusted Performance of 0.0717 and Standard Deviation of 0.9746 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, returns on owning TCCHN 38 are expected to decrease at a much smaller rate. During bear market, TCCHN 38 is likely to outperform the market.
One Month Beta |Analyze TCCHN-38 Demand Trend
Check current 30 days TCCHN 38 correlation with market (DOW)
β = -0.0948
TCCHN 38 Almost negative betaTCCHN-38 Beta Legend

TCCHN-38 Technical Analysis

Transformation
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TCCHN 38 Projected Return Density Against Market

Assuming 30 trading days horizon, TCCHN-38 has beta of -0.0948 . This entails as returns on benchmark increase, returns on holding TCCHN 38 are expected to decrease at a much smaller rate. During bear market, however, TCCHN-38 is likely to outperform the market. Additionally, TCCHN-38 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
=0.02
β
Beta against DOW=0.09
σ
Overall volatility
=0.00
Ir
Information ratio =0.18

TCCHN 38 Return Volatility

TCCHN-38 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.0568% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Chance of Distress

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Investment Outlook

TCCHN 38 Investment Opportunity

DOW has a standard deviation of returns of 1.06 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, returns on owning TCCHN 38 are expected to decrease at a much smaller rate. During bear market, TCCHN 38 is likely to outperform the market.

TCCHN 38 correlation with market

Good 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

Also please take a look at World Market Map. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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