Tema ETF Competition

RSHO Etf

55.50 0.89 1.63%

Tema ETF Trust competes with AIM ETF, Unified Series, Soundwatch Hedged, AllianzIM Large, and Direxion Daily; as well as few others. Analyzing Tema ETF competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Tema ETF to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Tema ETF Correlation with its peers.

Tema ETF vs Elevation Series Correlation

Poor diversification

The correlation between Tema ETF Trust and SRHQ is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tema ETF Trust and SRHQ in the same portfolio, assuming nothing else is changed.

Moving together with Tema Etf

0.83	VO	Vanguard Mid Cap	Pair Corr
0.7	VXF	Vanguard Extended Market	Pair Corr
0.92	IJH	iShares Core SP	Pair Corr
0.89	IWR	iShares Russell Mid	Pair Corr
0.92	MDY	SPDR SP MIDCAP	Pair Corr

Moving against Tema Etf

0.82	JEM	707 Cayman Holdings	Pair Corr
0.6	SWIN	Alps Symbol Change	Pair Corr

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Hype

Prediction

Low	Estimated	High
54.15	55.50	56.85

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Intrinsic

Valuation

Low	Real	High
49.95	58.39	59.74

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tema ETF. Your research has to be compared to or analyzed against Tema ETF's peers to derive any actionable benefits. When done correctly, Tema ETF's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tema ETF Trust.

Tema ETF Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tema ETF and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Tema and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Tema ETF Trust does not affect the price movement of the other competitor.

	SIXJ	OALC	SHDG	APRW	CURE	OGIG	BJUN	HAP	TJUL	SRHQ
SIXJ		0.95	0.94	0.98	0.47	-0.49	0.99	0.82	0.97	0.93	SIXJ
OALC	0.95		0.98	0.91	0.41	-0.33	0.97	0.74	0.96	0.91	OALC
SHDG	0.94	0.98		0.91	0.41	-0.31	0.97	0.71	0.96	0.89	SHDG
APRW	0.98	0.91	0.91		0.47	-0.61	0.98	0.88	0.96	0.93	APRW
CURE	0.47	0.41	0.41	0.47		-0.22	0.47	0.31	0.48	0.49	CURE
OGIG	-0.49	-0.33	-0.31	-0.61	-0.22		-0.48	-0.85	-0.46	-0.41	OGIG
BJUN	0.99	0.97	0.97	0.98	0.47	-0.48		0.82	0.98	0.94	BJUN
HAP	0.82	0.74	0.71	0.88	0.31	-0.85	0.82		0.8	0.74	HAP
TJUL	0.97	0.96	0.96	0.96	0.48	-0.46	0.98	0.8		0.92	TJUL
SRHQ	0.93	0.91	0.89	0.93	0.49	-0.41	0.94	0.74	0.92		SRHQ
	SIXJ	OALC	SHDG	APRW	CURE	OGIG	BJUN	HAP	TJUL	SRHQ

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High positive correlations

BJUN	+ 0.99	SIXJ
APRW	+ 0.98	SIXJ
SHDG	+ 0.98	OALC
BJUN	+ 0.98	APRW
TJUL	+ 0.98	BJUN
TJUL	+ 0.97	SIXJ

High negative correlations

HAP	- 0.85	OGIG
OGIG	- 0.61	APRW
OGIG	- 0.49	SIXJ
BJUN	- 0.48	OGIG
TJUL	- 0.46	OGIG
SRHQ	- 0.41	OGIG

Tema ETF Constituents Risk-Adjusted Indicators

There is a big difference between Tema Etf performing well and Tema ETF ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tema ETF's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIXJ	0.22	0.00	(0.10)	0.06	0.34	(0.21)	0.42	(0.58)	1.80
OALC	0.62	(0.03)	(0.05)	0.02	0.88	(0.59)	1.07	(1.34)	3.56
SHDG	0.43	(0.03)	(0.08)	0.01	0.65	(0.40)	0.79	(1.18)	2.80
APRW	0.09	0.01	(0.30)	0.14	0.00	(0.10)	0.20	(0.23)	0.67
CURE	2.21	0.18	0.11	0.15	1.93	(2.72)	5.70	(3.42)	11.97
OGIG	1.08	(0.46)	0.00	(0.47)	0.00	0.00	1.46	(2.98)	5.85
BJUN	0.24	0.00	(0.11)	0.05	0.31	(0.23)	0.56	(0.68)	1.77
HAP	0.84	0.30	0.21	0.49	0.90	(0.94)	2.11	(1.66)	5.38
TJUL	0.14	0.00	(0.26)	0.03	0.15	(0.15)	0.27	(0.30)	0.95
SRHQ	0.81	0.02	0.01	0.08	0.92	(0.88)	1.87	(1.53)	4.69

Tema ETF Competitive Analysis

The better you understand Tema ETF competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tema ETF's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Tema ETF's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RSHO	SIXJ	OALC	SHDG	APRW	CURE	OGIG	BJUN	HAP	TJUL
	1.63 55.50 Tema	0.03 34.31 AIM	0.34 35.83 Unified	1.25 32.34 Soundwatch	0.06 35.04 AllianzIM	2.98 115.42 Direxion	0.47 42.87 ALPS	0.02 46.98 Innovator	1.06 71.66 VanEck	0.10 29.68 Innovator
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Strong	Fair	Mild	Mild	Solid	Mild	Weakest	Fair	Strong	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Under Valued	Fairly Valued	Over Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Hold	Strong Buy	Strong Hold	Strong Sell	Hold	Hold	Hold	Strong Buy	Hold
Price To Sales	N/A	N/A	N/A	N/A	N/A	1.6	N/A	N/A	0.93	N/A
Equity Positions Weight	N/A	99.76	89.21	N/A	N/A	64.71	99.94	99.38	100.12	N/A
Three Year Return	N/A	13.6	18.0	14.7	9.3	4.0	15.5	13.4	14.9	N/A
Net Asset	N/A	25.18 M	53.02 M	N/A	N/A	155.57 M	176.66 M	76.47 M	116.97 M	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	2.99	N/A	N/A	1.6	N/A
Five Year Return	N/A	N/A	N/A	9.6	6.3	7.4	-7.5	8.3	14.1	N/A
One Year Return	40.1	10.6	17.3	8.6	4.6	7.5	-18.4	10.1	50.4	5.9
Last Dividend Paid	N/A	N/A	N/A	N/A	0.7	0.016	N/A	N/A	1.0	N/A
Ten Year Return	N/A	N/A	N/A	N/A	N/A	18.1	N/A	N/A	13.8	N/A
Beta	N/A	0.44	0.95	0.8	0.4	1.75	1.35	0.62	0.82	N/A
Price To Earning	N/A	N/A	N/A	N/A	N/A	17.66	N/A	N/A	20.82	N/A
Day Typical Price	55.26	34.36	35.78	32.4	35.05	115.44	42.82	47.0	71.32	29.7
Accumulation Distribution	0.0284	0.0044	0.0125	0.0055	0.002	0.0388	0.0167	0.004	0.0195	0.002
Market Facilitation Index	1.59	0.15	0.45	0.18	0.07	4.57	0.72	0.19	1.4	0.06
Daily Balance Of Power	0.5597	0.0667	0.2667	(2.28)	0.2857	0.7309	0.2778	0.0526	0.5357	0.5
Period Momentum Indicator	0.89	0.01	0.12	(0.41)	0.02	3.34	0.2	0.01	0.75	0.03
Rate Of Daily Change	1.02	1.0	1.0	0.99	1.0	1.03	1.0	1.0	1.01	1.0
Day Median Price	55.14	34.39	35.75	32.43	35.06	115.46	42.79	47.02	71.15	29.71
Price Action Indicator	0.81	(0.07)	0.13	(0.29)	(0.01)	1.64	0.18	(0.03)	0.88	(0.01)
Coefficient Of Variation	382.61	1173.02	3097.11	3822.24	506.06	915.11	(342.98)	1263.4	320.99	1328.31
Mean Deviation	1.08	0.2166	0.6163	0.4302	0.0905	2.21	1.08	0.2404	0.8429	0.1379
Jensen Alpha	0.2723	(0.0005)	(0.03)	(0.03)	0.0087	0.176	(0.46)	(0)	0.2978	(0)
Total Risk Alpha	0.2477	(0.01)	(0.04)	(0.04)	0.0058	0.0863	(0.51)	(0.01)	0.2563	(0.01)
Sortino Ratio	0.2149	(0.10)	(0.05)	(0.08)	(0.30)	0.1071	N/A	(0.11)	0.2142	(0.26)
Downside Variance	1.82	0.1751	0.8865	0.4915	0.0214	4.64	N/A	0.1654	1.7	0.0477
Standard Deviation	1.38	0.325	0.8139	0.5865	0.1284	2.75	1.38	0.3402	1.12	0.1792
Kurtosis	(0.22)	2.85	0.4461	0.7152	1.7	(0.13)	(0.30)	1.22	1.12	1.67
Potential Upside	2.44	0.4211	1.07	0.7879	0.203	5.7	1.46	0.5605	2.11	0.2704
Treynor Ratio	0.2701	0.0583	0.0202	0.0092	0.1375	0.152	(0.47)	0.0511	0.4871	0.025
Maximum Drawdown	5.86	1.8	3.56	2.8	0.6655	11.97	5.85	1.77	5.38	0.946
Variance	1.9	0.1056	0.6624	0.344	0.0165	7.56	1.89	0.1157	1.26	0.0321
Market Risk Adjusted Performance	0.2801	0.0683	0.0302	0.0192	0.1475	0.162	(0.46)	0.0611	0.4971	0.035
Risk Adjusted Performance	0.215	0.054	0.0261	0.0174	0.1066	0.0952	(0.23)	0.0501	0.2542	0.0257
Skewness	(0.02)	(0.69)	(0.31)	(0.40)	0.0618	0.6037	(0.47)	(0.19)	(0.67)	(0.90)
Semi Deviation	0.9424	0.3439	0.8761	0.6503	0.0	1.93	N/A	0.3058	0.8972	0.1515
Information Ratio	0.2106	(0.13)	(0.05)	(0.09)	(0.35)	0.0838	(0.34)	(0.13)	0.2492	(0.32)
Value At Risk	(2.13)	(0.58)	(1.34)	(1.18)	(0.23)	(3.42)	(2.98)	(0.68)	(1.66)	(0.30)
Expected Short fall	(1.16)	(0.21)	(0.59)	(0.40)	(0.10)	(2.72)	N/A	(0.23)	(0.94)	(0.15)
Downside Deviation	1.35	0.4184	0.9415	0.701	0.1464	2.15	N/A	0.4067	1.31	0.2183
Semi Variance	0.8881	0.1182	0.7676	0.4229	(0.01)	3.74	N/A	0.0935	0.805	0.023

Tema ETF Competition Performance Charts

Five steps to successful analysis of Tema ETF Competition

Tema ETF's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Tema ETF Trust in relation to its competition. Tema ETF's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Tema ETF in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Tema ETF's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tema ETF Trust, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Tema ETF position

In addition to having Tema ETF in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Entertainment

Companies from entertainment industry including show business, news and media. The Entertainment theme has 39 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.

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When determining whether Tema ETF Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tema ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tema Etf Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tema Etf Trust Etf:

How To Invest In Tema

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Largest Theme ETFs Companies

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Check out Tema ETF Correlation with its peers.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

The market value of Tema ETF Trust is measured differently than its book value, which is the value of Tema that is recorded on the company's balance sheet. Investors also form their own opinion of Tema ETF's value that differs from its market value or its book value, called intrinsic value, which is Tema ETF's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Tema ETF's market value can be influenced by many factors that don't directly affect Tema ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

It's important to distinguish between Tema ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Tema ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Tema ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Tema ETF Competition

Tema ETF vs Elevation Series Correlation

Poor diversification

Moving together with Tema Etf

Moving against Tema Etf

Specify up to 10 symbols:

Tema ETF Competition Correlation Matrix

High positive correlations

High negative correlations

Tema ETF Constituents Risk-Adjusted Indicators

Tema ETF Competitive Analysis

Tema ETF Competition Performance Charts

Five steps to successful analysis of Tema ETF Competition

Complement your Tema ETF position

Did You Try This Idea?

Run Entertainment Thematic Idea Now

Entertainment

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