GraniteShares Competition
| LCDL Etf | 3.37 0.16 4.53% |
GraniteShares vs Direxion Daily Correlation
Poor diversification
The correlation between GraniteShares 2x Long and CSCS is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares 2x Long and CSCS in the same portfolio, assuming nothing else is changed.
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 | 1.61 | (0.08) | 0.00 | (0.04) | 0.00 | 3.43 | 11.42 | |||
| MSFT | 1.23 | (0.32) | 0.00 | (1.41) | 0.00 | 1.85 | 13.28 | |||
| UBER | 1.46 | (0.30) | 0.00 | (0.36) | 0.00 | 2.46 | 10.23 | |||
| F | 1.24 | 0.05 | 0.04 | 0.08 | 1.23 | 3.38 | 7.16 | |||
| T | 0.96 | 0.05 | 0.02 | 0.23 | 1.04 | 1.85 | 3.77 | |||
| A | 1.19 | (0.18) | 0.00 | (0.10) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.54 | (0.30) | 0.00 | (0.25) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.09 | (0.03) | (0.01) | 0.01 | 1.67 | 1.88 | 7.38 | |||
| MRK | 1.28 | 0.33 | 0.24 | 0.50 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.08 | 0.31 | 0.23 | 3.83 | 0.95 | 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
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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.
Understanding GraniteShares 2x Long requires distinguishing between market price and book value, where the latter reflects GraniteShares's accounting equity. The concept of intrinsic value—what GraniteShares' is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push GraniteShares' price substantially above or below its fundamental value.
Understanding that GraniteShares' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether GraniteShares represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, GraniteShares' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.