Tema Cardiovascular And Etf Market Value
| HRTS Etf | 29.72 0.27 0.92% |
| Symbol | Tema |
The market value of Tema Cardiovascular and is measured differently than its book value, which is the value of Tema that is recorded on the company's balance sheet. Investors also form their own opinion of Tema Cardiovascular's value that differs from its market value or its book value, called intrinsic value, which is Tema Cardiovascular'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 Tema Cardiovascular's market value can be influenced by many factors that don't directly affect Tema Cardiovascular'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 Tema Cardiovascular's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tema Cardiovascular is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tema Cardiovascular'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.
Tema Cardiovascular '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 Tema Cardiovascular'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 Tema Cardiovascular.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tema Cardiovascular on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tema Cardiovascular and or generate 0.0% return on investment in Tema Cardiovascular over 90 days. Tema Cardiovascular is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. Tema Cardiovascular is entity of United States More
Tema Cardiovascular 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 Tema Cardiovascular'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 Tema Cardiovascular and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.32 |
Tema Cardiovascular Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tema Cardiovascular's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tema Cardiovascular's standard deviation. In reality, there are many statistical measures that can use Tema Cardiovascular historical prices to predict the future Tema Cardiovascular's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0188 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tema Cardiovascular's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tema Cardiovascular and Backtested Returns
Tema Cardiovascular and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0411, which indicates the etf had a -0.0411 % return per unit of risk over the last 3 months. Tema Cardiovascular and exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tema Cardiovascular's Variance of 1.34, coefficient of variation of (996.60), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tema Cardiovascular's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tema Cardiovascular is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Tema Cardiovascular and has weak reverse predictability. Overlapping area represents the amount of predictability between Tema Cardiovascular time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Tema Cardiovascular and price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Tema Cardiovascular price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Tema Cardiovascular and lagged returns against current returns
Autocorrelation, which is Tema Cardiovascular 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 Tema Cardiovascular's etf expected returns. We can calculate the autocorrelation of Tema Cardiovascular returns to help us make a trade decision. For example, suppose you find that Tema Cardiovascular 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 |
Tema Cardiovascular 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 Tema Cardiovascular etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tema Cardiovascular etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tema Cardiovascular etf over time.
Current vs Lagged Prices |
| Timeline |
Tema Cardiovascular Lagged Returns
When evaluating Tema Cardiovascular's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tema Cardiovascular etf have on its future price. Tema Cardiovascular 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, Tema Cardiovascular autocorrelation shows the relationship between Tema Cardiovascular etf current value and its past values and can show if there is a momentum factor associated with investing in Tema Cardiovascular and.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Tema Cardiovascular Correlation, Tema Cardiovascular Volatility and Tema Cardiovascular Alpha and Beta module to complement your research on Tema Cardiovascular. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Tema Cardiovascular 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.