Harel Index (Israel) Performance
| HRL-F64 Etf | 17,470 110.00 0.63% |
The etf retains a Market Volatility (i.e., Beta) of -0.0662, which attests to not very significant fluctuations relative to the market. 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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Compared to the overall equity markets, risk-adjusted returns on investments in Harel Index Funds are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. 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 1,671,000 in Harel Index Funds on January 30, 2024 and sell it today you would earn a total of 76,000 from holding Harel Index Funds or generate 4.55% return on investment over 90 days. Harel Index Funds is generating 0.0933% of daily returns and assumes 0.7162% volatility on return distribution over the 90 days horizon. Simply put, 6% 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 = 0.1303
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Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Harel Index is performing at about 10% of its full potential. 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 it 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.