Harel Index (Israel) Performance
| HRL-F207 | 2,220 28.00 1.28% |
The etf retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. 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.
Risk-Adjusted Performance
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Over the last 90 days Harel Index Funds has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong technical and fundamental indicators, Harel Index is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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Harel Index Relative Risk vs. Return Landscape
If you would invest 229,700 in Harel Index Funds on January 30, 2024 and sell it today you would lose (7,700) from holding Harel Index Funds or give up 3.35% of portfolio value over 90 days. Harel Index Funds is generating negative expected returns and assumes 1.2136% volatility on return distribution over the 90 days horizon. Simply put, 10% of etfs are less volatile than Harel, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Harel Index Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harel Index's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harel Index Funds, and traders can use it to determine the average amount a Harel Index's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0514
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| Negative Returns | HRL-F207 |
Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harel Index is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harel Index by adding Harel Index to a well-diversified portfolio.
About Harel Index Performance
To evaluate Harel Index Funds Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Harel Index generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Harel Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Harel Index Funds market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Harel's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Harel Index Funds generated a negative expected return over the last 90 days |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harel Index Funds. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.