Themes European Luxury Etf Market Value
| FINE Etf | 22.06 0.35 1.56% |
| Symbol | Themes |
The market value of Themes European Luxury 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 European's value that differs from its market value or its book value, called intrinsic value, which is Themes European'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 European's market value can be influenced by many factors that don't directly affect Themes European'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 European's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes European'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 European '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 European'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 European.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Themes European on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Themes European Luxury or generate 0.0% return on investment in Themes European over 90 days. Themes European is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. Themes European is entity of United States More
Themes European 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 European'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 European Luxury upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.1641 | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.89 |
Themes European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Themes European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Themes European's standard deviation. In reality, there are many statistical measures that can use Themes European historical prices to predict the future Themes European's volatility.| Risk Adjusted Performance | 0.0549 | |||
| Jensen Alpha | 0.1074 | |||
| Total Risk Alpha | 0.2375 | |||
| Sortino Ratio | 0.1814 | |||
| Treynor Ratio | 0.174 |
Themes European Luxury Backtested Returns
Themes European Luxury 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. Themes European Luxury exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Themes European's Semi Deviation of 0.9448, risk adjusted performance of 0.0549, and Coefficient Of Variation of 1594.89 to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Themes European's returns are expected to increase less than the market. However, during the bear market, the loss of holding Themes European is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Themes European Luxury has good reverse predictability. Overlapping area represents the amount of predictability between Themes European time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 European Luxury price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Themes European price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Themes European Luxury lagged returns against current returns
Autocorrelation, which is Themes European 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 European's etf expected returns. We can calculate the autocorrelation of Themes European returns to help us make a trade decision. For example, suppose you find that Themes European 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 European 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 European etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Themes European etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Themes European etf over time.
Current vs Lagged Prices |
| Timeline |
Themes European Lagged Returns
When evaluating Themes European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Themes European etf have on its future price. Themes European 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 European autocorrelation shows the relationship between Themes European etf current value and its past values and can show if there is a momentum factor associated with investing in Themes European Luxury.
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 European Luxury is a strong investment it is important to analyze Themes European'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 European's future performance. For an informed investment choice regarding Themes Etf, refer to the following important reports:Check out Themes European Correlation, Themes European Volatility and Themes European Alpha and Beta module to complement your research on Themes European. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Themes European 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.