Themes Robotics Automation Etf Market Value
| BOTT Etf | 27.67 0.18 0.65% |
| Symbol | Themes |
The market value of Themes Robotics Auto 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 Robotics' value that differs from its market value or its book value, called intrinsic value, which is Themes Robotics' 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 Robotics' market value can be influenced by many factors that don't directly affect Themes Robotics' 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 Robotics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Robotics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Robotics' 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 Robotics '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 Robotics' 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 Robotics.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Themes Robotics on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Themes Robotics Automation or generate 0.0% return on investment in Themes Robotics over 180 days. Themes Robotics is related to or competes with Invesco DWA, Invesco Dynamic, Invesco Dynamic, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Themes Robotics is entity of United States More
Themes Robotics 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 Robotics' 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 Robotics Automation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.54 |
Themes Robotics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themes Robotics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themes Robotics' standard deviation. In reality, there are many statistical measures that can use Themes Robotics historical prices to predict the future Themes Robotics' volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0375 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Themes Robotics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Themes Robotics Auto Backtested Returns
Currently, Themes Robotics Automation is very steady. Themes Robotics Auto owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0309, which indicates the etf had a 0.0309% return per unit of risk over the last 3 months. We have found thirty technical indicators for Themes Robotics Automation, which you can use to evaluate the volatility of the etf. Please validate Themes Robotics' Semi Deviation of 1.72, coefficient of variation of 2754.26, and Risk Adjusted Performance of 0.0333 to confirm if the risk estimate we provide is consistent with the expected return of 0.0515%. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Themes Robotics will likely underperform.
Auto-correlation | -0.06 |
Very weak reverse predictability
Themes Robotics Automation has very weak reverse predictability. Overlapping area represents the amount of predictability between Themes Robotics time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 to 24th 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 Robotics Auto price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Themes Robotics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Themes Robotics Auto lagged returns against current returns
Autocorrelation, which is Themes Robotics 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 Robotics' etf expected returns. We can calculate the autocorrelation of Themes Robotics returns to help us make a trade decision. For example, suppose you find that Themes Robotics 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 Robotics 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 Robotics etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themes Robotics etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themes Robotics etf over time.
Current vs Lagged Prices |
| Timeline |
Themes Robotics Lagged Returns
When evaluating Themes Robotics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themes Robotics etf have on its future price. Themes Robotics 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 Robotics autocorrelation shows the relationship between Themes Robotics etf current value and its past values and can show if there is a momentum factor associated with investing in Themes Robotics Automation.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Themes Robotics Correlation, Themes Robotics Volatility and Themes Robotics Alpha and Beta module to complement your research on Themes Robotics. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Themes Robotics 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.