Tema Etf Trust Etf Price on September 25, 2024
| LUX Etf | 21.86 0.09 0.41% |
If you're considering investing in Tema Etf, it is important to understand the factors that can impact its price. As of today, the current price of Tema ETF stands at 21.86, as last reported on the 25th of November, with the highest price reaching 21.86 and the lowest price hitting 21.67 during the day. Tema ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0954, which indicates the etf had a -0.0954% return per unit of risk over the last 3 months. Tema ETF Trust exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tema ETF's Coefficient Of Variation of (1,301), risk adjusted performance of (0.06), and Variance of 1.3 to confirm the risk estimate we provide.
Tema Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Tema |
Sharpe Ratio = -0.0954
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | LUX |
Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tema ETF is not performing at its full potential. However, 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 Tema ETF by adding Tema ETF to a well-diversified portfolio.
Average Mkt Cap Mil 50.5 K |
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Tema ETF Valuation on September 25, 2024
It is possible to determine the worth of Tema ETF on a given historical date. On September 25, 2024 Tema was worth 22.54 at the beginning of the trading date compared to the closed value of 22.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tema ETF etf. Still, in general, we apply an absolute valuation method to find Tema ETF's 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 Tema ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tema ETF's related companies.
| Open | High | Low | Close | Volume | |
| 22.54 | 22.64 | 22.48 | 22.64 | 1,600 | |
09/25/2024 | 22.54 | 22.63 | 22.46 | 22.51 | 6,900 |
| 23.45 | 23.58 | 23.41 | 23.58 | 2,600 |
| Backtest Tema ETF | | | Tema ETF History | | | Tema ETF Valuation | Previous | Next |
Tema ETF Trading Date Momentum on September 25, 2024
| On September 26 2024 Tema ETF Trust was traded for 23.58 at the closing time. Highest Tema ETF's price during the trading hours was 23.58 and the lowest price during the day was 23.41 . The net volume was 2.6 K. The overall trading history on the 26th of September contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 4.75% . The trading price change to current price is 3.47% . |
Tema ETF Trust Fundamentals Correlations and Trends
By evaluating Tema ETF's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tema ETF's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tema financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tema ETF Etf history
Tema ETF 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 Tema is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tema ETF Trust 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 Tema ETF stock prices may prove useful in developing a viable investing in Tema ETF
Tema ETF Etf Technical Analysis
Tema ETF 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
Tema ETF Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Tema ETF Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Tema ETF November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Tema ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tema ETF shares will generate the highest return on investment. By undertsting and applying Tema ETF etf market strength indicators, traders can identify Tema ETF Trust entry and exit signals to maximize returns
Tema ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tema ETF's price direction in advance. Along with the technical and fundamental analysis of Tema Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tema 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 | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.17) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tema ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Tema ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tema ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tema ETF's 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.