Harel Index (Israel) Market Value
| HRL-F75 Etf | 2,143 9.00 0.42% |
| Symbol | Harel |
Harel Index 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Harel Index's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Harel Index.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Harel Index on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Harel Index Funds or generate 0.0% return on investment in Harel Index over 30 days.
Harel Index Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Harel Index's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Harel Index Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8668 | |||
| Information Ratio | 0.1391 | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.76 |
Harel Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harel Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harel Index's standard deviation. In reality, there are many statistical measures that can use Harel Index historical prices to predict the future Harel Index's volatility.| Risk Adjusted Performance | 0.1516 | |||
| Jensen Alpha | 0.2135 | |||
| Total Risk Alpha | 0.0902 | |||
| Sortino Ratio | 0.1448 | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harel Index's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harel Index. Your research has to be compared to or analyzed against Harel Index's peers to derive any actionable benefits. When done correctly, Harel Index's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harel Index Funds.
Harel Index Funds Backtested Returns
Harel Index appears to be very steady, given 3 months investment horizon. Harel Index Funds holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harel Index Funds, which you can use to evaluate the volatility of the entity. Please utilize Harel Index's Market Risk Adjusted Performance of (1.84), risk adjusted performance of 0.1516, and Downside Deviation of 0.8668 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harel Index are expected to decrease at a much lower rate. During the bear market, Harel Index is likely to outperform the market.
Auto-correlation | -0.7 |
Very good reverse predictability
Harel Index Funds has very good reverse predictability. Overlapping area represents the amount of predictability between Harel Index time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harel Index Funds price movement. The serial correlation of -0.7 indicates that around 70.0% of current Harel Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1482.49 |
Harel Index Funds lagged returns against current returns
Autocorrelation, which is Harel Index etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Harel Index's etf expected returns. We can calculate the autocorrelation of Harel Index returns to help us make a trade decision. For example, suppose you find that Harel Index has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Harel Index regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Harel Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harel Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harel Index etf over time.
Current vs Lagged Prices |
| Timeline |
Harel Index Lagged Returns
When evaluating Harel Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harel Index etf have on its future price. Harel Index autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Harel Index autocorrelation shows the relationship between Harel Index etf current value and its past values and can show if there is a momentum factor associated with investing in Harel Index Funds.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Harel Index in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Harel Index's short interest history, or implied volatility extrapolated from Harel Index options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Harel Index Funds information on this page should be used as a complementary analysis to other Harel Index's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Harel Index technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.