TSP50 38 (Israel) Risk Analysis And Volatility

TSP50-38 -- Israel ETF  

ILS 2,278  20.00  0.89%

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 TSP50-38 which you can use to evaluate future volatility of the etf. Please validate TSP50 38 Coefficient Of Variation of 586.2 and Risk Adjusted Performance of 0.1055 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

TSP50 38 Market Sensitivity

As returns on market increase, returns on owning TSP50 38 are expected to decrease at a much smaller rate. During bear market, TSP50 38 is likely to outperform the market.
2 Months Beta |Analyze TSP50-38 Demand Trend
Check current 30 days TSP50 38 correlation with market (DOW)
β = -0.0761

TSP50 38 Central Daily Price Deviation

TSP50-38 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.

TSP50 38 Projected Return Density Against Market

Assuming 30 trading days horizon, TSP50-38 has beta of -0.0761 . This entails as returns on benchmark increase, returns on holding TSP50 38 are expected to decrease at a much smaller rate. During bear market, however, TSP50-38 is likely to outperform the market. Moreover, The company has an alpha of 0.0799 implying that it can potentially generate 0.0799% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.08
β
Beta against DOW=0.08
σ
Overall volatility
=0.00
Ir
Information ratio =0.09

TSP50 38 Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.5802% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

TSP50 38 Investment Opportunity

DOW has a standard deviation of returns of 0.58 and is 9.223372036854776E16 times more volatile than TSP50-38. 0% of all equities and portfolios are less risky than TSP50 38. Compared to the overall equity markets, volatility of historical daily returns of TSP50-38 is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use TSP50-38 to enhance returns of your portfolios. The etf experiences moderate upward volatility. Check odds of TSP50 38 to be traded at S2505.8 in 30 days. . As returns on market increase, returns on owning TSP50 38 are expected to decrease at a much smaller rate. During bear market, TSP50 38 is likely to outperform the market.

TSP50 38 correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding TSP50-38 and equity matching DJI index in the same portfolio.

TSP50 38 Current Risk Indicators

TSP50 38 Suggested Diversification Pairs

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