Graniteshares 15x Long Etf Market Value
| FBL Etf | 30.48 0.49 1.58% |
| Symbol | GraniteShares |
The market value of GraniteShares 15x 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 15x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 15x'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 GraniteShares 15x's market value can be influenced by many factors that don't directly affect GraniteShares 15x'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 GraniteShares 15x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 15x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 15x'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.
GraniteShares 15x '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 GraniteShares 15x'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 GraniteShares 15x.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in GraniteShares 15x on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding GraniteShares 15x Long or generate 0.0% return on investment in GraniteShares 15x over 720 days. GraniteShares 15x is related to or competes with Direxion Daily, Direxion Daily, and Direxion Daily. GraniteShares 15x is entity of United States More
GraniteShares 15x 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 GraniteShares 15x'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 GraniteShares 15x Long upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.0043 | |||
| Maximum Drawdown | 16.5 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 5.23 |
GraniteShares 15x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares 15x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares 15x's standard deviation. In reality, there are many statistical measures that can use GraniteShares 15x historical prices to predict the future GraniteShares 15x's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | 0.1047 |
GraniteShares 15x Long Backtested Returns
GraniteShares 15x appears to be very steady, given 3 months investment horizon. GraniteShares 15x Long holds Efficiency (Sharpe) Ratio of 0.0703, which attests that the entity had a 0.0703% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for GraniteShares 15x Long, which you can use to evaluate the volatility of the entity. Please utilize GraniteShares 15x's market risk adjusted performance of 0.1147, and Risk Adjusted Performance of 0.0444 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.28, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GraniteShares 15x will likely underperform.
Auto-correlation | 0.32 |
Below average predictability
GraniteShares 15x Long has below average predictability. Overlapping area represents the amount of predictability between GraniteShares 15x time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GraniteShares 15x Long price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current GraniteShares 15x price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 30.97 |
GraniteShares 15x Long lagged returns against current returns
Autocorrelation, which is GraniteShares 15x 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 GraniteShares 15x's etf expected returns. We can calculate the autocorrelation of GraniteShares 15x returns to help us make a trade decision. For example, suppose you find that GraniteShares 15x 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 |
GraniteShares 15x 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 GraniteShares 15x etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares 15x etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares 15x etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares 15x Lagged Returns
When evaluating GraniteShares 15x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares 15x etf have on its future price. GraniteShares 15x 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, GraniteShares 15x autocorrelation shows the relationship between GraniteShares 15x etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares 15x Long.
Regressed Prices |
| Timeline |
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GraniteShares 15x 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.