Tema Etf Trust Etf Market Value
| RSHO Etf | 41.03 0.54 1.33% |
| Symbol | Tema |
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.
Tema ETF '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 Tema ETF'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 Tema ETF.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tema ETF on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tema ETF Trust or generate 0.0% return on investment in Tema ETF over 30 days. Tema ETF is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, Mast Global, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. Tema ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Tema ETF 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 Tema ETF'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 Tema ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0551 | |||
| Maximum Drawdown | 7.44 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 2.05 |
Tema ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tema ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tema ETF's standard deviation. In reality, there are many statistical measures that can use Tema ETF historical prices to predict the future Tema ETF's volatility.| Risk Adjusted Performance | 0.1231 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0701 | |||
| Treynor Ratio | 0.1266 |
Tema ETF Trust Backtested Returns
As of now, Tema Etf is very steady. Tema ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tema ETF Trust, which you can use to evaluate the volatility of the etf. Please validate Tema ETF's Semi Deviation of 0.8102, risk adjusted performance of 0.1231, and Coefficient Of Variation of 644.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 1.52, 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, Tema ETF will likely underperform.
Auto-correlation | 0.48 |
Average predictability
Tema ETF Trust has average predictability. Overlapping area represents the amount of predictability between Tema ETF time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Tema ETF Trust price movement. The serial correlation of 0.48 indicates that about 48.0% of current Tema ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Tema ETF Trust lagged returns against current returns
Autocorrelation, which is Tema ETF 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 Tema ETF's etf expected returns. We can calculate the autocorrelation of Tema ETF returns to help us make a trade decision. For example, suppose you find that Tema ETF 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 |
Tema ETF 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 Tema ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tema ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tema ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Tema ETF Lagged Returns
When evaluating Tema ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tema ETF etf have on its future price. Tema ETF 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, Tema ETF autocorrelation shows the relationship between Tema ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Tema ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with Tema ETF
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 Tema ETF 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 Tema ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Tema Etf
| 0.98 | VO | Vanguard Mid Cap | PairCorr |
| 0.98 | VXF | Vanguard Extended Market | PairCorr |
| 0.99 | IJH | iShares Core SP | PairCorr |
| 0.99 | IWR | iShares Russell Mid | PairCorr |
| 0.99 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against Tema Etf
The ability to find closely correlated positions to Tema ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tema ETF 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 Tema ETF - 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 Tema ETF Trust to buy it.
The correlation of Tema ETF 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 Tema ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tema ETF Trust 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 Tema ETF 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 Tema ETF Correlation, Tema ETF Volatility and Tema ETF Alpha and Beta module to complement your research on Tema ETF. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.