Tema Oncology Etf Price on May 20, 2024
| CANC Etf | 27.09 0.22 0.81% |
If you're considering investing in Tema Etf, it is important to understand the factors that can impact its price. As of today, the current price of Tema Oncology stands at 27.09, as last reported on the 11th of December 2024, with the highest price reaching 27.41 and the lowest price hitting 27.03 during the day. Tema Oncology ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0779, which indicates the etf had a -0.0779% return per unit of risk over the last 3 months. Tema Oncology ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tema Oncology's Risk Adjusted Performance of (0.05), variance of 1.32, and Coefficient Of Variation of (1,283) to confirm the risk estimate we provide.
Tema Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Tema |
Sharpe Ratio = -0.0779
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| Negative Returns | CANC |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tema Oncology is not performing at its full potential. However, 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 Tema Oncology by adding Tema Oncology to a well-diversified portfolio.
Tema Oncology Valuation on May 20, 2024
It is possible to determine the worth of Tema Oncology on a given historical date. On May 20, 2024 Tema was worth 27.55 at the beginning of the trading date compared to the closed value of 27.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tema Oncology etf. Still, in general, we apply an absolute valuation method to find Tema Oncology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tema Oncology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tema Oncology's related companies.
| Open | High | Low | Close | Volume | |
| 27.44 | 27.54 | 27.44 | 27.44 | 2,600 | |
05/20/2024 | 27.55 | 27.55 | 27.48 | 27.48 | 2,200 |
| 27.48 | 27.59 | 27.32 | 27.44 | 10,800 |
| Backtest Tema Oncology | | | Tema Oncology History | | | Tema Oncology Valuation | Previous | Next |
Tema Oncology Trading Date Momentum on May 20, 2024
| On May 21 2024 Tema Oncology ETF was traded for 27.44 at the closing time. The top price for the day was 27.59 and the lowest listed price was 27.32 . The trading volume for the day was 10.8 K. The trading history from May 21, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.15% . The trading price change against the current closing price is 0.40% . |
About Tema Oncology Etf history
Tema Oncology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tema is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tema Oncology ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tema Oncology stock prices may prove useful in developing a viable investing in Tema Oncology
Tema Oncology Etf Technical Analysis
Tema Oncology 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.
Price Boundaries
Tema Oncology Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tema Oncology ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tema Oncology December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tema Oncology etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tema Oncology shares will generate the highest return on investment. By undertsting and applying Tema Oncology etf market strength indicators, traders can identify Tema Oncology ETF entry and exit signals to maximize returns
Tema Oncology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tema Oncology's price direction in advance. Along with the technical and fundamental analysis of Tema Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tema to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.53) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tema Oncology ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Tema Oncology ETF 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 Oncology's value that differs from its market value or its book value, called intrinsic value, which is Tema Oncology'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 Oncology's market value can be influenced by many factors that don't directly affect Tema Oncology'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 Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tema Oncology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tema Oncology'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.