GraniteShares Competition
| AMDL Etf | 22.37 0.98 4.58% |
GraniteShares vs Alpha Blue Correlation
Very good diversification
The correlation between GraniteShares 2x Long and ABCS is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares 2x Long and ABCS in the same portfolio, assuming nothing else is changed.
Moving together with GraniteShares Etf
Moving against GraniteShares Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares' 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.
GraniteShares Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between GraniteShares and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of GraniteShares and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of GraniteShares 2x Long does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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GraniteShares Competition Risk-Adjusted Indicators
There is a big difference between GraniteShares Etf performing well and GraniteShares ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GraniteShares' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.45 | (0.30) | 0.00 | (0.21) | 0.00 | 3.16 | 11.42 | |||
| MSFT | 1.04 | (0.18) | 0.00 | (0.50) | 0.00 | 1.78 | 4.90 | |||
| UBER | 1.46 | (0.29) | 0.00 | (0.36) | 0.00 | 2.46 | 10.23 | |||
| F | 1.21 | (0.02) | (0.01) | 0.05 | 1.32 | 2.53 | 7.16 | |||
| T | 0.87 | (0.16) | 0.00 | (0.39) | 0.00 | 1.53 | 4.30 | |||
| A | 1.23 | (0.21) | 0.00 | (0.10) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.52 | (0.24) | 0.00 | (0.17) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.13 | (0.12) | 0.00 | (0.02) | 0.00 | 1.85 | 7.38 | |||
| MRK | 1.30 | 0.31 | 0.21 | 0.51 | 1.15 | 3.59 | 8.09 | |||
| XOM | 1.10 | 0.25 | 0.15 | 2.10 | 1.00 | 2.38 | 5.82 |
GraniteShares Competitive Analysis
The better you understand GraniteShares competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, GraniteShares' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across GraniteShares' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
GraniteShares Competition Performance Charts
Five steps to successful analysis of GraniteShares Competition
GraniteShares' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by GraniteShares 2x Long in relation to its competition. GraniteShares' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of GraniteShares in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact GraniteShares' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to GraniteShares 2x Long, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your GraniteShares position
In addition to having GraniteShares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Books Theme or any other thematic opportunities.
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Check out GraniteShares Correlation with its peers. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of GraniteShares 2x Long is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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 GraniteShares' market value can be influenced by many factors that don't directly affect GraniteShares' 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 GraniteShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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.