Themes Robotics Automation Etf Volatility
| BOTT Etf | 58.80 4.94 7.75% |
Themes Robotics appears to be very steady, given 3 months investment horizon. Themes Robotics Auto owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the etf had a 0.21 % return per unit of risk over the last 3 months. By inspecting Themes Robotics' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Themes Robotics' Risk Adjusted Performance of 0.1506, coefficient of variation of 511.16, and Semi Deviation of 2.18 to confirm if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.2107
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Based on monthly moving average Themes Robotics is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Themes Robotics by adding it to a well-diversified portfolio.
Key indicators related to Themes Robotics' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Themes Robotics Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Themes daily returns, and it is calculated using variance and standard deviation. We also use Themes's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Themes Robotics volatility.
Downward market volatility can be a perfect environment for investors who play the long game with Themes Robotics. They may decide to buy additional shares of Themes Robotics at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Themes Etf
| 0.87 | INFL | Horizon Kinetics Inf | PairCorr |
| 0.84 | PBD | Invesco Global Clean | PairCorr |
| 0.66 | VRAI | Virtus Real Asset | PairCorr |
| 0.83 | SAGP | Advisorsa Inner | PairCorr |
| 0.82 | CBSE | Elevation Series Trust | PairCorr |
| 0.61 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.81 | AGQ | ProShares Ultra Silver Upward Rally | PairCorr |
| 0.84 | DFEN | Direxion Daily Aerospace | PairCorr |
| 0.79 | DGP | DB Gold Double | PairCorr |
| 0.78 | UGL | ProShares Ultra Gold | PairCorr |
| 0.76 | NUGT | Direxion Daily Gold | PairCorr |
| 0.73 | DIG | ProShares Ultra Oil | PairCorr |
| 0.92 | URNM | Sprott Uranium Miners | PairCorr |
| 0.73 | PSCT | Invesco SP SmallCap | PairCorr |
| 0.86 | SOXY | YieldMax Target 12 | PairCorr |
| 0.84 | EMCS | Xtrackers MSCI Emerging | PairCorr |
| 0.65 | BMAY | Innovator SP 500 | PairCorr |
| 0.66 | CAT | Caterpillar Earnings Call This Week | PairCorr |
Moving against Themes Etf
| 0.47 | GXTG | Global X Thematic Symbol Change | PairCorr |
Themes Robotics Market Sensitivity And Downside Risk
Themes Robotics' beta coefficient measures the volatility of Themes etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Themes etf's returns against your selected market. In other words, Themes Robotics's beta of 0.94 provides an investor with an approximation of how much risk Themes Robotics etf can potentially add to one of your existing portfolios. Themes Robotics Automation currently demonstrates below-average downside deviation. It has Information Ratio of 0.17 and Jensen Alpha of 0.48. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Themes Robotics' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Themes Robotics' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Themes Robotics Auto Demand TrendCheck current 90 days Themes Robotics correlation with market (Dow Jones Industrial)Themes Robotics Volatility and Downside Risk
Themes standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Themes Robotics Auto Etf Volatility Analysis
Volatility refers to the frequency at which Themes Robotics etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Themes Robotics' price changes. Investors will then calculate the volatility of Themes Robotics' etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Themes Robotics' volatility:
Historical Volatility
This type of etf volatility measures Themes Robotics' fluctuations based on previous trends. It's commonly used to predict Themes Robotics' future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Themes Robotics' current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Themes Robotics' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Themes Robotics Auto Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Themes Robotics Projected Return Density Against Market
Given the investment horizon of 90 days Themes Robotics has a beta of 0.9352 suggesting Themes Robotics Automation market returns are related to returns on the market. As the market goes up or down, Themes Robotics is expected to follow.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Themes Robotics or Global Small/Mid Stock sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Themes Robotics' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Themes etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Themes Robotics Automation has an alpha of 0.4798, implying that it can generate a 0.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Themes Robotics Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Themes Robotics Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Themes Robotics is 474.69. The daily returns are distributed with a variance of 8.14 and standard deviation of 2.85. The mean deviation of Themes Robotics Automation is currently at 2.05. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.48 | |
β | Beta against Dow Jones | 0.94 | |
σ | Overall volatility | 2.85 | |
Ir | Information ratio | 0.17 |
Themes Robotics Etf Return Volatility
Themes Robotics historical daily return volatility represents how much of Themes Robotics etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The exchange-traded fund inherits 2.8539% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7374% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Themes Robotics Constituents Risk-Adjusted Indicators
There is a big difference between Themes Etf performing well and Themes Robotics ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Themes Robotics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGMI | 2.26 | 0.62 | 0.20 | 0.65 | 2.49 | 5.63 | 11.42 | |||
| REAI | 0.73 | (0.09) | 0.00 | (0.06) | 0.00 | 1.36 | 5.10 | |||
| DVDN | 0.77 | (0.10) | 0.00 | (0.07) | 0.00 | 1.80 | 4.88 | |||
| SPMV | 0.45 | (0.03) | (0.09) | 0.02 | 0.54 | 0.81 | 2.54 | |||
| LGHT | 0.78 | (0.09) | 0.00 | (0.03) | 0.00 | 1.77 | 4.62 | |||
| HVAC | 1.36 | 0.01 | 0.02 | 0.08 | 1.81 | 2.70 | 7.94 | |||
| EPSB | 0.76 | 0.08 | 0.10 | 0.14 | 0.63 | 2.42 | 3.83 | |||
| OBOR | 0.63 | 0.18 | 0.15 | 0.78 | 0.59 | 1.29 | 3.04 | |||
| IRET | 0.59 | (0.02) | (0.07) | 0.03 | 0.76 | 1.27 | 3.63 | |||
| USNG | 0.80 | 0.07 | 0.04 | 0.20 | 0.87 | 1.55 | 4.27 |
About Themes Robotics Volatility
Volatility is a rate at which the price of Themes Robotics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Themes Robotics may increase or decrease. In other words, similar to Themes's beta indicator, it measures the risk of Themes Robotics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Themes Robotics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.3 ways to utilize Themes Robotics' volatility to invest better
Higher Themes Robotics' etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Themes Robotics Auto etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Themes Robotics Auto etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Themes Robotics Auto investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Themes Robotics' etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Themes Robotics' etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Themes Robotics Investment Opportunity
Themes Robotics Automation has a volatility of 2.85 and is 3.85 times more volatile than Dow Jones Industrial. 25 percent of all equities and portfolios are less risky than Themes Robotics. You can use Themes Robotics Automation to protect your portfolios against small market fluctuations. The etf experiences a very speculative upward sentiment. Check odds of Themes Robotics to be traded at 55.86 in 90 days.Poor diversification
The correlation between Themes Robotics Automation and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Robotics Automation and DJI in the same portfolio, assuming nothing else is changed.
Themes Robotics Additional Risk Indicators
The analysis of Themes Robotics' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Themes Robotics' investment and either accepting that risk or mitigating it. Along with some common measures of Themes Robotics etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1506 | |||
| Market Risk Adjusted Performance | 0.5914 | |||
| Mean Deviation | 2.07 | |||
| Semi Deviation | 2.18 | |||
| Downside Deviation | 2.51 | |||
| Coefficient Of Variation | 511.16 | |||
| Standard Deviation | 2.83 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Themes Robotics Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Themes Robotics as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Themes Robotics' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Themes Robotics' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Themes Robotics Automation.
When determining whether Themes Robotics Auto is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Themes Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Themes Robotics Automation Etf. Highlighted below are key reports to facilitate an investment decision about Themes Robotics Automation Etf: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Themes Robotics Automation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.