TCNSD 37 (Israel) Risk Analysis And Volatility

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 TCNSD-37 which you can use to evaluate future volatility of the entity. Please validate TCNSD 37 Market Risk Adjusted Performance of 0.7763 and Risk Adjusted Performance of 0.0628 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TCNSD 37 Market Sensitivity

As returns on market increase, TCNSD 37 returns are expected to increase less than the market. However during bear market, the loss on holding TCNSD 37 will be expected to be smaller as well.
2 Months Beta |Analyze TCNSD-37 Demand Trend
Check current 30 days TCNSD 37 correlation with market (DOW)
β = 0.084

TCNSD 37 Central Daily Price Deviation

TCNSD-37 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.

TCNSD 37 Projected Return Density Against Market

Assuming 30 trading days horizon, TCNSD 37 has beta of 0.084 . This entails as returns on market go up, TCNSD 37 average returns are expected to increase less than the benchmark. However during bear market, the loss on holding TCNSD-37 will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0548 implying that it can potentially generate 0.0548% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.08
σ
Overall volatility
=0.00
Ir
Information ratio =0.06

TCNSD 37 Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.5731% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

TCNSD 37 Investment Opportunity

DOW has a standard deviation of returns of 0.57 and is 9.223372036854776E16 times more volatile than TCNSD-37. 0% of all equities and portfolios are less risky than TCNSD 37. Compared to the overall equity markets, volatility of historical daily returns of TCNSD-37 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TCNSD-37 to protect your portfolios against small markets fluctuations. The etf experiences very speculative upward sentiment. Check odds of TCNSD 37 to be traded at S0.0 in 30 days. . As returns on market increase, TCNSD 37 returns are expected to increase less than the market. However during bear market, the loss on holding TCNSD 37 will be expected to be smaller as well.

TCNSD 37 correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding TCNSD-37 and equity matching DJI index in the same portfolio.

TCNSD 37 Current Risk Indicators

TCNSD 37 Suggested Diversification Pairs

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