Main Thematic Innovation Etf Price on November 26, 2024
| TMAT Etf | USD 21.47 0.02 0.09% |
If you're considering investing in Main Etf, it is important to understand the factors that can impact its price. As of today, the current price of Main Thematic stands at 21.47, as last reported on the 29th of November, with the highest price reaching 21.52 and the lowest price hitting 21.18 during the day. Main Thematic appears to be very steady, given 3 months investment horizon. Main Thematic Innovation has Sharpe Ratio of 0.33, which conveys that the entity had a 0.33% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Main Thematic, which you can use to evaluate the volatility of the etf. Please exercise Main Thematic's Risk Adjusted Performance of 0.189, downside deviation of 1.54, and Mean Deviation of 1.15 to check out if our risk estimates are consistent with your expectations.
Main Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Main |
Sharpe Ratio = 0.3262
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Estimated Market Risk
| 1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 25 75% of assets perform better |
Based on monthly moving average Main Thematic is performing at about 25% 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 Main Thematic by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 16.2 K |
Main Thematic Valuation on November 26, 2024
It is possible to determine the worth of Main Thematic on a given historical date. On November 26, 2024 Main was worth 21.55 at the beginning of the trading date compared to the closed value of 21.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Main Thematic etf. Still, in general, we apply an absolute valuation method to find Main Thematic'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 Main Thematic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Main Thematic's related companies.
| Open | High | Low | Close | Volume | |
| 21.51 | 21.80 | 21.50 | 21.62 | 18,078 | |
11/26/2024 | 21.55 | 21.67 | 21.43 | 21.49 | 21,982 |
| 21.52 | 21.52 | 21.18 | 21.47 | 11,206 |
| Backtest Main Thematic | | | Main Thematic History | | | Main Thematic Valuation | Previous | Next |
Main Thematic Trading Date Momentum on November 26, 2024
| On November 27 2024 Main Thematic Innovation was traded for 21.47 at the closing time. The top price for the day was 21.52 and the lowest listed price was 21.18 . The trading volume for the day was 11.2 K. The trading history from November 27, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.09% . The trading delta at closing time against the current closing price is 0.14% . |
Main Thematic Innovation Fundamentals Correlations and Trends
By evaluating Main Thematic'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 Main Thematic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Main financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Main Thematic Etf history
Main Thematic 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 Main is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Main Thematic Innovation 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 Main Thematic stock prices may prove useful in developing a viable investing in Main Thematic
Main Thematic Etf Technical Analysis
Main Thematic 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
Main Thematic Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Main Thematic Innovation cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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.
Main Thematic November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Main Thematic etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Main Thematic shares will generate the highest return on investment. By undertsting and applying Main Thematic etf market strength indicators, traders can identify Main Thematic Innovation entry and exit signals to maximize returns
Main Thematic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Main Thematic's price direction in advance. Along with the technical and fundamental analysis of Main Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Main 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 | 0.189 | |||
| Jensen Alpha | 0.1878 | |||
| Total Risk Alpha | 0.1244 | |||
| Sortino Ratio | 0.1525 | |||
| Treynor Ratio | 0.2489 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Thematic Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Main Thematic Innovation is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Thematic's value that differs from its market value or its book value, called intrinsic value, which is Main Thematic'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 Main Thematic's market value can be influenced by many factors that don't directly affect Main Thematic'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 Main Thematic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Thematic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Thematic'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.