Harel Index (Israel) Market Value

HRL-F65 Etf   2,391  6.00  0.25%   
Harel Index's market value is the price at which a share of Harel Index trades on a public exchange. It measures the collective expectations of Harel Index Funds investors about its performance. Harel Index is trading at 2391.00 as of the 12th of December 2024, a 0.25% down since the beginning of the trading day. The etf's open price was 2397.0.
With this module, you can estimate the performance of a buy and hold strategy of Harel Index Funds and determine expected loss or profit from investing in Harel Index over a given investment horizon. Check out Harel Index Correlation, Harel Index Volatility and Harel Index Alpha and Beta module to complement your research on Harel Index.
Symbol

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.
0.00
12/18/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/12/2024
0.00
If you would invest  0.00  in Harel Index on December 18, 2023 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 360 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.

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.
Hype
Prediction
LowEstimatedHigh
2,3962,3972,398
Details
Intrinsic
Valuation
LowRealHigh
2,3842,3852,637
Details
Naive
Forecast
LowNextHigh
2,4772,4782,479
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,3222,3732,424
Details
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 Funds holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Harel Index Funds exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harel Index's Risk Adjusted Performance of (0.03), standard deviation of 0.925, and Market Risk Adjusted Performance of (0.45) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.1, 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

    
  -0.13  

Insignificant reverse predictability

Harel Index Funds has insignificant reverse predictability. Overlapping area represents the amount of predictability between Harel Index time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 -0.13 indicates that less than 13.0% of current Harel Index price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test-0.23
Residual Average0.0
Price Variance6604.18

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.