Tel Aviv (Israel) Market Value

TA35 Index   1,988  9.23  0.47%   
Tel Aviv's market value is the price at which a share of Tel Aviv trades on a public exchange. It measures the collective expectations of Tel Aviv 35 investors about its performance. Tel Aviv is enlisted at 1987.86 as of the 14th of June 2024; that is 0.47 percent increase since the beginning of the trading day. The index's open price was 1978.63.
With this module, you can estimate the performance of a buy and hold strategy of Tel Aviv 35 and determine expected loss or profit from investing in Tel Aviv over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tel Aviv '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 Tel Aviv's index 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 Tel Aviv.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in Tel Aviv on May 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tel Aviv 35 or generate 0.0% return on investment in Tel Aviv over 30 days.

Tel Aviv 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 Tel Aviv's index 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 Tel Aviv 35 upside and downside potential and time the market with a certain degree of confidence.

Tel Aviv Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tel Aviv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tel Aviv's standard deviation. In reality, there are many statistical measures that can use Tel Aviv historical prices to predict the future Tel Aviv's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tel Aviv'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.

Tel Aviv 35 Backtested Returns

Tel Aviv 35 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0723, which indicates the index had a 0.0723% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tel Aviv 35, which you can use to evaluate the volatility of the index. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tel Aviv are completely uncorrelated.



Average predictability

Tel Aviv 35 has average predictability. Overlapping area represents the amount of predictability between Tel Aviv time series from 15th of May 2024 to 30th of May 2024 and 30th of May 2024 to 14th of June 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 Tel Aviv 35 price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Tel Aviv price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.89
Residual Average0.0
Price Variance299.72

Tel Aviv 35 lagged returns against current returns

Autocorrelation, which is Tel Aviv index'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 Tel Aviv's index expected returns. We can calculate the autocorrelation of Tel Aviv returns to help us make a trade decision. For example, suppose you find that Tel Aviv has exhibited high autocorrelation historically, and you observe that the index 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   

Tel Aviv 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 Tel Aviv index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tel Aviv index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tel Aviv index over time.
   Current vs Lagged Prices   

Tel Aviv Lagged Returns

When evaluating Tel Aviv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tel Aviv index have on its future price. Tel Aviv 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, Tel Aviv autocorrelation shows the relationship between Tel Aviv index current value and its past values and can show if there is a momentum factor associated with investing in Tel Aviv 35.
   Regressed Prices   

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.