Main Thematic Innovation Etf Market Value
| TMAT Etf | USD 21.03 0.40 1.94% |
| Symbol | Main |
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.
Main Thematic '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 Main Thematic'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 Main Thematic.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Main Thematic on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Main Thematic Innovation or generate 0.0% return on investment in Main Thematic over 180 days. Main Thematic is related to or competes with Invesco WilderHill, First Trust, First Trust, ALPS Clean, and SPDR Kensho. The adviser seeks to achieve its objective through dynamic thematic rotation More
Main Thematic 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 Main Thematic'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 Main Thematic Innovation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.1382 | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.67 |
Main Thematic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Main Thematic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Main Thematic's standard deviation. In reality, there are many statistical measures that can use Main Thematic historical prices to predict the future Main Thematic's volatility.| Risk Adjusted Performance | 0.1557 | |||
| Jensen Alpha | 0.1739 | |||
| Total Risk Alpha | 0.1238 | |||
| Sortino Ratio | 0.1357 | |||
| Treynor Ratio | 0.2041 |
Main Thematic Innovation Backtested Returns
Main Thematic appears to be very steady, given 3 months investment horizon. Main Thematic Innovation has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty 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 0.1557, mean deviation of 1.2, and Downside Deviation of 1.57 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 1.46, which conveys 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, Main Thematic will likely underperform.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Main Thematic Innovation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Main Thematic time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 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 Main Thematic Innovation price movement. The serial correlation of -0.2 indicates that over 20.0% of current Main Thematic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
Main Thematic Innovation lagged returns against current returns
Autocorrelation, which is Main Thematic 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 Main Thematic's etf expected returns. We can calculate the autocorrelation of Main Thematic returns to help us make a trade decision. For example, suppose you find that Main Thematic 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 |
Main Thematic 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 Main Thematic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Main Thematic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Main Thematic etf over time.
Current vs Lagged Prices |
| Timeline |
Main Thematic Lagged Returns
When evaluating Main Thematic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Main Thematic etf have on its future price. Main Thematic 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, Main Thematic autocorrelation shows the relationship between Main Thematic etf current value and its past values and can show if there is a momentum factor associated with investing in Main Thematic Innovation.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Main Thematic Correlation, Main Thematic Volatility and Main Thematic Alpha and Beta module to complement your research on Main Thematic. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.