Harel Index (Israel) Performance
| HRL-FK41 | 368.44 1.54 0.42% |
The etf retains a Market Volatility (i.e., Beta) of -0.0776, 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
8 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Harel Index Funds are ranked lower than 8 (%) 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 36,362 in Harel Index Funds on February 4, 2024 and sell it today you would earn a total of 482.00 from holding Harel Index Funds or generate 1.33% return on investment over 90 days. Harel Index Funds is generating 0.0272% of daily returns and assumes 0.249% volatility on return distribution over the 90 days horizon. Simply put, 2% 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 = 0.1091
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| Negative Returns | HRL-FK41 |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Harel Index is performing at about 8% 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.