Harel Index (Israel) Market Value
| HRL-F14 Etf | ILA 792.10 6.40 0.80% |
| Symbol | Harel |
Please note, there is a significant difference between Harel Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harel Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harel Index's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Harel Index on November 14, 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. More
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 | 0.7549 | |||
| Information Ratio | 0.447 | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.71 |
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 | 0.4179 | |||
| Jensen Alpha | 0.4263 | |||
| Total Risk Alpha | 0.3416 | |||
| Sortino Ratio | 0.4615 | |||
| Treynor Ratio | 3.24 |
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 0.7, which attests that the entity had a 0.7% return per unit of risk over the last 3 months. By evaluating Harel Index's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Harel Index's Risk Adjusted Performance of 0.4179, coefficient of variation of 173.79, and Market Risk Adjusted Performance of 3.25 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harel Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harel Index is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Harel Index Funds has very good predictability. Overlapping area represents the amount of predictability between Harel Index time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 0.82 indicates that around 82.0% of current Harel Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 150.79 |
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 |
Also Currently Popular
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.Other Information on Investing in Harel Etf
Harel Index financial ratios help investors to determine whether Harel Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Harel with respect to the benefits of owning Harel Index security.