Themes Uranium Nuclear Etf Market Value
| URAN Etf | 29.14 0.71 2.38% |
| Symbol | Themes |
The market value of Themes Uranium Nuclear 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 Uranium's value that differs from its market value or its book value, called intrinsic value, which is Themes Uranium'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 Uranium's market value can be influenced by many factors that don't directly affect Themes Uranium'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 Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Uranium'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 Uranium '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 Uranium'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 Uranium.
| 06/01/2024 |
| 02/26/2025 |
If you would invest 0.00 in Themes Uranium on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Themes Uranium Nuclear or generate 0.0% return on investment in Themes Uranium over 270 days. Themes Uranium is related to or competes with Ultimus Managers, American Beacon, First Trust, Direxion Daily, Direxion Daily, EA Series, and Global X. More
Themes Uranium 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 Uranium'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 Uranium Nuclear upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.14 |
Themes Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themes Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themes Uranium's standard deviation. In reality, there are many statistical measures that can use Themes Uranium historical prices to predict the future Themes Uranium's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.59) |
Themes Uranium Nuclear Backtested Returns
Themes Uranium Nuclear owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the etf had a -0.11 % return per unit of risk over the last 3 months. Themes Uranium Nuclear exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Themes Uranium's Risk Adjusted Performance of (0.07), variance of 4.84, and Coefficient Of Variation of (1,008) to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Themes Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Themes Uranium is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Themes Uranium Nuclear has average predictability. Overlapping area represents the amount of predictability between Themes Uranium time series from 1st of June 2024 to 14th of October 2024 and 14th of October 2024 to 26th of February 2025. 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 Uranium Nuclear price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Themes Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.47 |
Themes Uranium Nuclear lagged returns against current returns
Autocorrelation, which is Themes Uranium 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 Uranium's etf expected returns. We can calculate the autocorrelation of Themes Uranium returns to help us make a trade decision. For example, suppose you find that Themes Uranium 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 Uranium 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 Uranium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themes Uranium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themes Uranium etf over time.
Current vs Lagged Prices |
| Timeline |
Themes Uranium Lagged Returns
When evaluating Themes Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themes Uranium etf have on its future price. Themes Uranium 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 Uranium autocorrelation shows the relationship between Themes Uranium etf current value and its past values and can show if there is a momentum factor associated with investing in Themes Uranium Nuclear.
Regressed Prices |
| Timeline |
Pair Trading with Themes Uranium
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 Uranium 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 Uranium will appreciate offsetting losses from the drop in the long position's value.Moving together with Themes Etf
The ability to find closely correlated positions to Themes Uranium 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 Uranium 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 Uranium - 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 Uranium Nuclear to buy it.
The correlation of Themes Uranium 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 Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Themes Uranium Nuclear 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 Uranium 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 Uranium Correlation, Themes Uranium Volatility and Themes Uranium Alpha and Beta module to complement your research on Themes Uranium. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Themes Uranium 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.