Themes Rd Champions Etf Market Value
| USRD Etf | 33.46 0.28 0.83% |
| Symbol | Themes |
The market value of Themes RD Champions 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 RD's value that differs from its market value or its book value, called intrinsic value, which is Themes RD'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 RD's market value can be influenced by many factors that don't directly affect Themes RD'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 RD's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes RD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes RD'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 RD '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 RD'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 RD.
| 01/26/2024 |
| 01/15/2026 |
If you would invest 0.00 in Themes RD on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Themes RD Champions or generate 0.0% return on investment in Themes RD over 720 days. Themes RD is related to or competes with IShares Dividend, Martin Currie, AdvisorShares Gerber, IShares Exponential, Roundhill ETF, Roundhill Ball, and Global X. Themes RD is entity of United States. It is traded as Etf on NASDAQ exchange. More
Themes RD 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 RD'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 RD Champions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9736 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.54 |
Themes RD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themes RD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themes RD's standard deviation. In reality, there are many statistical measures that can use Themes RD historical prices to predict the future Themes RD's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0241 |
Themes RD Champions Backtested Returns
At this point, Themes RD is very steady. Themes RD Champions owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the etf had a close to zero % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Themes RD Champions, which you can use to evaluate the volatility of the etf. Please validate Themes RD's Semi Deviation of 0.8957, risk adjusted performance of 0.0274, and Coefficient Of Variation of 2830.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0033%. The entity has a beta of 0.96, which indicates possible diversification benefits within a given portfolio. Themes RD returns are very sensitive to returns on the market. As the market goes up or down, Themes RD is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Themes RD Champions has good predictability. Overlapping area represents the amount of predictability between Themes RD time series from 26th of January 2024 to 20th of January 2025 and 20th of January 2025 to 15th of January 2026. 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 RD Champions price movement. The serial correlation of 0.68 indicates that around 68.0% of current Themes RD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 5.6 |
Themes RD Champions lagged returns against current returns
Autocorrelation, which is Themes RD 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 RD's etf expected returns. We can calculate the autocorrelation of Themes RD returns to help us make a trade decision. For example, suppose you find that Themes RD 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 RD 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 RD etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themes RD etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themes RD etf over time.
Current vs Lagged Prices |
| Timeline |
Themes RD Lagged Returns
When evaluating Themes RD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themes RD etf have on its future price. Themes RD 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 RD autocorrelation shows the relationship between Themes RD etf current value and its past values and can show if there is a momentum factor associated with investing in Themes RD Champions.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Themes RD Champions is a strong investment it is important to analyze Themes RD's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Themes RD's future performance. For an informed investment choice regarding Themes Etf, refer to the following important reports:Check out Themes RD Correlation, Themes RD Volatility and Themes RD Alpha and Beta module to complement your research on Themes RD. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Themes RD 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.