Main Thematic Innovation Etf Profile
TMAT Etf | USD 17.52 0.07 0.40% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Main Thematic is selling for under 17.52 as of the 28th of March 2024; that is 0.40 percent up since the beginning of the trading day. The etf's last reported lowest price was 17.42. Main Thematic has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Main Thematic Innovation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The adviser seeks to achieve its objective through dynamic thematic rotation. Main Thematic is traded on BATS Exchange in the United States. More on Main Thematic Innovation
Moving together with Main Etf
0.64 | INFL | Horizon Kinetics Inf | PairCorr |
0.93 | PSP | Invesco Global Listed | PairCorr |
Moving against Main Etf
0.87 | BFIT | BFIT | PairCorr |
0.66 | EDUT | Global X | PairCorr |
Main Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Main Thematic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Main Thematic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas | (View all Themes) |
Business Concentration | Theme ETFs, Strategy ETFs, Global Small/Mid Stock, Main Management ETFs (View all Sectors) |
Issuer | Main Management |
Inception Date | 2021-01-29 |
Entity Type | Regulated Investment Company |
Asset Under Management | 135 Million |
Asset Type | Equity |
Category | Strategy |
Focus | Theme |
Market Concentration | Developed Markets |
Region | North America |
Administrator | Gemini Fund Services, LLC |
Advisor | Main Management ETF Advisors, LLC |
Custodian | Brown Brothers Harriman & Co. |
Distributor | Northern Lights Distributors, LLC |
Portfolio Manager | Kim D. Arthur, James W. Concidine, J. Richard Fredericks, Alex Varner |
Transfer Agent | Brown Brothers Harriman & Co. |
Fiscal Year End | 31-Dec |
Exchange | Cboe BZX Exchange, Inc. |
Number of Constituents | 11.0 |
Market Maker | Virtu Financial |
Total Expense | 1.54 |
Management Fee | 0.65 |
Country Name | USA |
Returns Y T D | 6.53 |
Name | Main Thematic Innovation ETF |
Currency Code | USD |
Open Figi | BBG00Z2ZS4R4 |
In Threey Volatility | 28.47 |
1y Volatility | 29.98 |
200 Day M A | 15.0852 |
50 Day M A | 16.5236 |
Code | TMAT |
Updated At | 27th of March 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | (0.39) |
Type | ETF |
Main Thematic Innovation [TMAT] is traded in USA and was established 2021-01-28. The fund is listed under Global Small/Mid Stock category and is part of Main Management ETFs family. The entity is thematically classified as Theme ETFs. Main Thematic Innovation at this time have 56.81 M in assets. , while the total return for the last 3 years was -8.7%.
Check Main Thematic Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Main Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Main Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Main Thematic Innovation Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Main Thematic Innovation Etf Constituents
ARKF | ARK Fintech Innovation | Etf | Technology |
ARKG | ARK Genomic Revolution | Etf | Health |
BOTZ | Global X Robotics | Etf | Miscellaneous Sector |
CLOU | Global X Cloud | Etf | Technology |
ESPO | VanEck Video Gaming | Etf | Communications |
KOMP | SPDR Kensho New | Etf | Mid-Cap Growth |
KSTR | KraneShares SSE STAR | Etf | China Region |
Main Thematic Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Main Thematic jumping above the current price in 90 days from now is about 7.22%. The Main Thematic Innovation probability density function shows the probability of Main Thematic etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.9265. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Main Thematic will likely underperform. Additionally, main Thematic Innovation has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Main Thematic to move above the current price in 90 days from now is about 7.22 (This Main Thematic Innovation probability density function shows the probability of Main Etf to fall within a particular range of prices over 90 days) .
Main Thematic Innovation Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Main Thematic market risk premium is the additional return an investor will receive from holding Main Thematic long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Main Thematic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Main Thematic's alpha and beta are two of the key measurements used to evaluate Main Thematic's performance over the market, the standard measures of volatility play an important role as well.
Risk Adjusted Performance | 0.0496 | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.24) | |||
Sortino Ratio | (0.01) |
Main Thematic Against Markets
Picking the right benchmark for Main Thematic etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Main Thematic etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Main Thematic is critical whether you are bullish or bearish towards Main Thematic Innovation at a given time. Please also check how Main Thematic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Main Thematic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
All Next | Launch Module |
How to buy Main Etf?
Before investing in Main Thematic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Main Thematic. To buy Main Thematic etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Main Thematic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Main Thematic etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Main Thematic Innovation etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Main Thematic Innovation etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Main Thematic Innovation, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Main Etf please use our How to Invest in Main Thematic guide.
Already Invested in Main Thematic Innovation?
The danger of trading Main Thematic Innovation is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Main Thematic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Main Thematic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Main Thematic Innovation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Main Thematic Innovation 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 Main 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 Main Thematic Innovation Etf. Highlighted below are key reports to facilitate an investment decision about Main Thematic Innovation Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Thematic Innovation. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Main Thematic Innovation information on this page should be used as a complementary analysis to other Main Thematic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Main Etf analysis
When running Main Thematic's price analysis, check to measure Main Thematic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Main Thematic is operating at the current time. Most of Main Thematic's value examination focuses on studying past and present price action to predict the probability of Main Thematic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Main Thematic's price. Additionally, you may evaluate how the addition of Main Thematic to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Transaction History View history of all your transactions and understand their impact on performance | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
The market value of Main Thematic Innovation is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Thematic's value that differs from its market value or its book value, called intrinsic value, which is Main Thematic'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 Main Thematic's market value can be influenced by many factors that don't directly affect Main Thematic'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 Main Thematic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Thematic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Thematic'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.