STOXX600INDE (Israel) Risk Analysis And Volatility

TCSX-126 -- Israel ETF  

ILS 1,244  57.00  4.80%

Our philosophy towards 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 STOXX600INDE S 126 which you can use to evaluate future volatility of the etf. Please validate STOXX600INDE Coefficient Of Variation of 6452.28 and Risk Adjusted Performance of 0.0179 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

STOXX600INDE Market Sensitivity

As returns on market increase, returns on owning STOXX600INDE are expected to decrease by larger amounts. On the other hand, during market turmoil, STOXX600INDE is expected to significantly outperform it.
2 Months Beta |Analyze STOXX600INDE S 126 Demand Trend
Check current 30 days STOXX600INDE correlation with market (DOW)
β = -1.2612

STOXX600INDE Central Daily Price Deviation

STOXX600INDE S 126 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.

STOXX600INDE Projected Return Density Against Market

Assuming 30 trading days horizon, STOXX600INDE S 126 has beta of -1.2612 . This entails as returns on its benchmark rise, returns on holding STOXX600INDE S 126 are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, STOXX600INDE is expected to outperform its benchmark. Moreover, The company has an alpha of 0.2022 implying that it can potentially generate 0.2022% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.20
β
Beta against DOW=1.26
σ
Overall volatility
=0.00
Ir
Information ratio =0.03

STOXX600INDE Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.5832% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

STOXX600INDE Investment Opportunity

DOW has a standard deviation of returns of 0.58 and is 9.223372036854776E16 times more volatile than STOXX600INDE S 126. 0% of all equities and portfolios are less risky than STOXX600INDE. Compared to the overall equity markets, volatility of historical daily returns of STOXX600INDE S 126 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use STOXX600INDE S 126 to enhance returns of your portfolios. The etf experiences very speculative upward sentiment. . Check odds of STOXX600INDE to be traded at S1555.0 in 30 days. . As returns on market increase, returns on owning STOXX600INDE are expected to decrease by larger amounts. On the other hand, during market turmoil, STOXX600INDE is expected to significantly outperform it.

STOXX600INDE correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding STOXX600INDE S 126 and equity matching DJI index in the same portfolio.

STOXX600INDE Current Risk Indicators

STOXX600INDE Suggested Diversification Pairs

Also please take a look at World Market Map. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
Search macroaxis.com