Tel Aviv (Israel) Market Value
| TA35 Index | 2,093 33.98 1.60% |
| Symbol | Tel |
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.
| 07/08/2024 |
| 10/06/2024 |
If you would invest 0.00 in Tel Aviv on July 8, 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 90 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.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.84 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.56 |
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.| Risk Adjusted Performance | 0.0546 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) |
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 0.0462, which indicates the index had a 0.0462% return per unit of risk over the last 3 months. We have found twenty-six 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.
Auto-correlation | 0.51 |
Modest predictability
Tel Aviv 35 has modest predictability. Overlapping area represents the amount of predictability between Tel Aviv time series from 8th of July 2024 to 22nd of August 2024 and 22nd of August 2024 to 6th of October 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 0.51 indicates that about 51.0% of current Tel Aviv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1147.48 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |