Themes Airlines Etf Price on November 1, 2024
| AIRL Etf | 31.08 0.52 1.70% |
If you're considering investing in Themes Etf, it is important to understand the factors that can impact its price. As of today, the current price of Themes Airlines stands at 31.08, as last reported on the 12th of December 2024, with the highest price reaching 31.08 and the lowest price hitting 30.73 during the day. Themes Airlines appears to be very steady, given 3 months investment horizon. Themes Airlines ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Themes Airlines ETF, which you can use to evaluate the volatility of the etf. Please review Themes Airlines' Coefficient Of Variation of 302.94, semi deviation of 0.457, and Risk Adjusted Performance of 0.242 to confirm if our risk estimates are consistent with your expectations.
Themes Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Themes |
Sharpe Ratio = 0.3125
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AIRL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Themes Airlines is performing at about 24% 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 Themes Airlines by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 7.2 K |
Themes Airlines Valuation on November 1, 2024
It is possible to determine the worth of Themes Airlines on a given historical date. On November 1, 2024 Themes was worth 27.7 at the beginning of the trading date compared to the closed value of 27.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Themes Airlines etf. Still, in general, we apply an absolute valuation method to find Themes Airlines' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Themes Airlines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Themes Airlines' related companies.
| Open | High | Low | Close | Volume | |
| 27.77 | 27.77 | 27.46 | 27.46 | 354.00 | |
11/01/2024 | 27.70 | 27.87 | 27.70 | 27.87 | 100.00 |
| 27.82 | 27.82 | 27.68 | 27.68 | 100.00 |
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Themes Airlines Trading Date Momentum on November 1, 2024
| On November 04 2024 Themes Airlines ETF was traded for 27.68 at the closing time. The top price for the day was 27.82 and the lowest listed price was 27.68 . The trading volume for the day was 100.0. The trading history from November 4, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.68% . The trading price change against the current closing price is 4.05% . |
About Themes Airlines Etf history
Themes Airlines investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Themes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Themes Airlines ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Themes Airlines stock prices may prove useful in developing a viable investing in Themes Airlines
Themes Airlines Etf Technical Analysis
Themes Airlines technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Themes Airlines Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Themes Airlines ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Themes Airlines December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Themes Airlines etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Themes Airlines shares will generate the highest return on investment. By undertsting and applying Themes Airlines etf market strength indicators, traders can identify Themes Airlines ETF entry and exit signals to maximize returns
Themes Airlines Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Themes Airlines' price direction in advance. Along with the technical and fundamental analysis of Themes Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Themes to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.242 | |||
| Jensen Alpha | 0.2691 | |||
| Total Risk Alpha | 0.1822 | |||
| Sortino Ratio | 0.2569 | |||
| Treynor Ratio | 0.4547 |
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| Math Transform | ||
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Themes Airlines ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Themes Airlines ETF is measured differently than its book value, which is the value of Themes that is recorded on the company's balance sheet. Investors also form their own opinion of Themes Airlines' value that differs from its market value or its book value, called intrinsic value, which is Themes Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Themes Airlines' market value can be influenced by many factors that don't directly affect Themes Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Themes Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.