holds Efficiency (Sharpe) Ratio of -0.081 which attests that the entity had -0.081% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Israel Index exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The index retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Israel Index are completely uncorrelated. Even though it is essential to pay attention to Israel Index
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Israel Index exposes twenty-one different technical indicators which can help you to evaluate its performance.
No correlation between past and present
Israel Index has no correlation between past and present. Overlapping area represents the amount of predictability between Israel Index time series from June 19, 2019 to August 3, 2019 and August 3, 2019 to September 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Israel Index price movement. The serial correlation of 0.0 indicates that just 0.0% of current Israel Index price fluctuation can be explain by its past prices.