Tema Neuroscience And Etf Market Value
| MNTL Etf | 24.96 0.16 0.64% |
| Symbol | Tema |
The market value of Tema Neuroscience 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 Neuroscience's value that differs from its market value or its book value, called intrinsic value, which is Tema Neuroscience'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 Neuroscience's market value can be influenced by many factors that don't directly affect Tema Neuroscience'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 Neuroscience's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tema Neuroscience is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tema Neuroscience'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 Neuroscience '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 Neuroscience'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 Neuroscience.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Tema Neuroscience on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Tema Neuroscience and or generate 0.0% return on investment in Tema Neuroscience over 30 days. Tema Neuroscience is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. More
Tema Neuroscience 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 Neuroscience'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 Neuroscience and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.86 |
Tema Neuroscience Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tema Neuroscience's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tema Neuroscience's standard deviation. In reality, there are many statistical measures that can use Tema Neuroscience historical prices to predict the future Tema Neuroscience's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tema Neuroscience'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 Neuroscience Backtested Returns
Tema Neuroscience owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0498, which indicates the etf had a -0.0498 % return per unit of risk over the last 3 months. Tema Neuroscience and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tema Neuroscience's Risk Adjusted Performance of (0.03), variance of 1.4, and Coefficient Of Variation of (2,196) to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tema Neuroscience's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tema Neuroscience is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Tema Neuroscience and has poor predictability. Overlapping area represents the amount of predictability between Tema Neuroscience time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 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 Tema Neuroscience price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Tema Neuroscience price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tema Neuroscience lagged returns against current returns
Autocorrelation, which is Tema Neuroscience 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 Neuroscience's etf expected returns. We can calculate the autocorrelation of Tema Neuroscience returns to help us make a trade decision. For example, suppose you find that Tema Neuroscience 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 Neuroscience 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 Neuroscience etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tema Neuroscience etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tema Neuroscience etf over time.
Current vs Lagged Prices |
| Timeline |
Tema Neuroscience Lagged Returns
When evaluating Tema Neuroscience's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tema Neuroscience etf have on its future price. Tema Neuroscience 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 Neuroscience autocorrelation shows the relationship between Tema Neuroscience etf current value and its past values and can show if there is a momentum factor associated with investing in Tema Neuroscience and.
Regressed Prices |
| Timeline |
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Tema Neuroscience 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.