Themes Natural Monopoly Etf Beta
| CZAR Etf | 29.85 0.28 0.95% |
Themes Natural Monopoly fundamentals help investors to digest information that contributes to Themes Natural's financial success or failures. It also enables traders to predict the movement of Themes Etf. The fundamental analysis module provides a way to measure Themes Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Themes Natural etf.
Themes |
Themes Natural Monopoly ETF Beta Analysis
Themes Natural's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Themes Natural Monopoly has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Large Blend (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Themes Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Themes Natural's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Themes Natural could also be used in its relative valuation, which is a method of valuing Themes Natural by comparing valuation metrics of similar companies.Themes Natural is currently under evaluation in beta as compared to similar ETFs.
About Themes Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Themes Natural Monopoly's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Themes Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Themes Natural Monopoly based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Themes Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Themes Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Themes Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Themes Etf
| 0.78 | VTI | Vanguard Total Stock | PairCorr |
| 0.8 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.8 | IVV | iShares Core SP | PairCorr |
| 0.89 | VIG | Vanguard Dividend | PairCorr |
| 0.79 | VV | Vanguard Large Cap | PairCorr |
Moving against Themes Etf
| 0.5 | VIIX | VIIX | PairCorr |
| 0.46 | YCL | ProShares Ultra Yen | PairCorr |
| 0.43 | FXY | Invesco CurrencyShares | PairCorr |
| 0.4 | ULE | ProShares Ultra Euro | PairCorr |
The ability to find closely correlated positions to Themes Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Themes Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Themes Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Themes Natural Monopoly to buy it.
The correlation of Themes Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Themes Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Themes Natural Monopoly moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Themes Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Themes Natural Piotroski F Score and Themes Natural Altman Z Score analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Themes Natural Monopoly 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 Natural's value that differs from its market value or its book value, called intrinsic value, which is Themes Natural'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 Themes Natural's market value can be influenced by many factors that don't directly affect Themes Natural'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 Themes Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Natural'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.