Tel Aviv's market value is the price at which a share of Tel Aviv trades on a public exchange. It measures the collective expectations of Tel Aviv 35 investors about its performance. Tel Aviv is enlisted at 2252.81 as of the 21st of November 2024; that is 0.3% down since the beginning of the trading day. The index's open price was 2259.59. With this module, you can estimate the performance of a buy and hold strategy of Tel Aviv 35 and determine expected loss or profit from investing in Tel Aviv over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Tel
Tel Aviv '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 Tel Aviv's index 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 Tel Aviv.
0.00
08/23/2024
No Change 0.00
0.0
In 2 months and 31 days
11/21/2024
0.00
If you would invest 0.00 in Tel Aviv on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tel Aviv 35 or generate 0.0% return on investment in Tel Aviv over 90 days.
Tel Aviv 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 Tel Aviv's index 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 Tel Aviv 35 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tel Aviv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tel Aviv's standard deviation. In reality, there are many statistical measures that can use Tel Aviv historical prices to predict the future Tel Aviv's volatility.
Tel Aviv 35 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the index had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tel Aviv 35, which you can use to evaluate the volatility of the index. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tel Aviv are completely uncorrelated.
Auto-correlation
-0.2
Insignificant reverse predictability
Tel Aviv 35 has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tel Aviv time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st of November 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 Tel Aviv 35 price movement. The serial correlation of -0.2 indicates that over 20.0% of current Tel Aviv price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
4127.24
Tel Aviv 35 lagged returns against current returns
Autocorrelation, which is Tel Aviv index'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 Tel Aviv's index expected returns. We can calculate the autocorrelation of Tel Aviv returns to help us make a trade decision. For example, suppose you find that Tel Aviv has exhibited high autocorrelation historically, and you observe that the index 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
Tel Aviv 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 Tel Aviv index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tel Aviv index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tel Aviv index over time.
Current vs Lagged Prices
Timeline
Tel Aviv Lagged Returns
When evaluating Tel Aviv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tel Aviv index have on its future price. Tel Aviv 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, Tel Aviv autocorrelation shows the relationship between Tel Aviv index current value and its past values and can show if there is a momentum factor associated with investing in Tel Aviv 35.
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.