Themes Silver Miners Etf Market Value
| AGMI Etf | 27.99 0.21 0.74% |
| Symbol | Themes |
The market value of Themes Silver Miners 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 Silver's value that differs from its market value or its book value, called intrinsic value, which is Themes Silver'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 Silver's market value can be influenced by many factors that don't directly affect Themes Silver'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 Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Silver'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.
Themes Silver 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Themes Silver's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Themes Silver.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Themes Silver on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Themes Silver Miners or generate 0.0% return on investment in Themes Silver over 720 days. Themes Silver is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. Themes Silver is entity of United States More
Themes Silver Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Themes Silver's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Themes Silver Miners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 4.62 |
Themes Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themes Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themes Silver's standard deviation. In reality, there are many statistical measures that can use Themes Silver historical prices to predict the future Themes Silver's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0933 |
Themes Silver Miners Backtested Returns
Themes Silver is very steady at the moment. Themes Silver Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0349, which indicates the etf had a 0.0349% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Themes Silver Miners, which you can use to evaluate the volatility of the etf. Please validate Themes Silver's Risk Adjusted Performance of 0.0287, semi deviation of 2.14, and Coefficient Of Variation of 3492.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.086%. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Themes Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Themes Silver is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Themes Silver Miners has no correlation between past and present. Overlapping area represents the amount of predictability between Themes Silver time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Themes Silver Miners price movement. The serial correlation of 0.0 indicates that just 0.0% of current Themes Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Themes Silver Miners lagged returns against current returns
Autocorrelation, which is Themes Silver etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Themes Silver's etf expected returns. We can calculate the autocorrelation of Themes Silver returns to help us make a trade decision. For example, suppose you find that Themes Silver has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Themes Silver regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Themes Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themes Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themes Silver etf over time.
Current vs Lagged Prices |
| Timeline |
Themes Silver Lagged Returns
When evaluating Themes Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themes Silver etf have on its future price. Themes Silver autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Themes Silver autocorrelation shows the relationship between Themes Silver etf current value and its past values and can show if there is a momentum factor associated with investing in Themes Silver Miners.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Themes Silver Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Themes Silver'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 Themes Silver Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Themes Silver Miners Etf:Check out Themes Silver Correlation, Themes Silver Volatility and Themes Silver Alpha and Beta module to complement your research on Themes Silver. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Themes Silver 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.