TCMR 14 (Israel) Risk Analysis And Volatility Evaluation

TCMR-14 -- Israel ETF  

ILS 3,021  4.70  0.16%

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 TCMR-14 which you can use to evaluate future volatility of the entity. Please validate TCMR 14 Risk Adjusted Performance of (0.11) and Market Risk Adjusted Performance of 1.67 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TCMR 14 Market Sensitivity

As returns on market increase, returns on owning TCMR 14 are expected to decrease at a much smaller rate. During bear market, TCMR 14 is likely to outperform the market.
2 Months Beta |Analyze TCMR-14 Demand Trend
Check current 30 days TCMR 14 correlation with market (DOW)
β = -0.006

TCMR 14 Central Daily Price Deviation

TCMR-14 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.

TCMR 14 Projected Return Density Against Market

Assuming 30 trading days horizon, TCMR-14 has beta of -0.006 . This entails as returns on benchmark increase, returns on holding TCMR 14 are expected to decrease at a much smaller rate. During bear market, however, TCMR-14 is likely to outperform the market. Additionally, TCMR-14 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=0.006
σ
Overall volatility
=0.00
Ir
Information ratio =1.01

TCMR 14 Return Volatility

TCMR-14 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2765% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

TCMR 14 Investment Opportunity

DOW has a standard deviation of returns of 1.28 and is 9.223372036854776E16 times more volatile than TCMR-14. 0% of all equities and portfolios are less risky than TCMR 14. Compared to the overall equity markets, volatility of historical daily returns of TCMR-14 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TCMR-14 to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of TCMR 14 to be traded at S3171.95 in 30 days. As returns on market increase, returns on owning TCMR 14 are expected to decrease at a much smaller rate. During bear market, TCMR 14 is likely to outperform the market.

TCMR 14 correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding TCMR-14 and equity matching DJI index in the same portfolio.

TCMR 14 Volatility Indicators

TCMR-14 Current Risk Indicators

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