GraniteShares FATANG (UK) Market Value
| FTNE Etf | 47.85 0.23 0.48% |
| Symbol | GraniteShares |
GraniteShares FATANG '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 FATANG'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 FATANG.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GraniteShares FATANG on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding GraniteShares FATANG ETC or generate 0.0% return on investment in GraniteShares FATANG over 30 days. GraniteShares FATANG is related to or competes with GraniteShares, GraniteShares, GraniteShares, GraniteShares, GraniteShares, GraniteShares, and GraniteShares. GraniteShares FATANG is entity of United Kingdom More
GraniteShares FATANG 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 FATANG'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 FATANG ETC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.1566 | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 2.86 |
GraniteShares FATANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares FATANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares FATANG's standard deviation. In reality, there are many statistical measures that can use GraniteShares FATANG historical prices to predict the future GraniteShares FATANG's volatility.| Risk Adjusted Performance | 0.1986 | |||
| Jensen Alpha | 0.2517 | |||
| Total Risk Alpha | 0.1196 | |||
| Sortino Ratio | 0.2023 | |||
| Treynor Ratio | 0.4963 |
GraniteShares FATANG ETC Backtested Returns
GraniteShares FATANG appears to be very steady, given 3 months investment horizon. GraniteShares FATANG ETC holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for GraniteShares FATANG ETC, which you can use to evaluate the volatility of the entity. Please utilize GraniteShares FATANG's risk adjusted performance of 0.1986, and Market Risk Adjusted Performance of 0.5063 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GraniteShares FATANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares FATANG is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
GraniteShares FATANG ETC has good predictability. Overlapping area represents the amount of predictability between GraniteShares FATANG time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 FATANG ETC price movement. The serial correlation of 0.75 indicates that around 75.0% of current GraniteShares FATANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
GraniteShares FATANG ETC lagged returns against current returns
Autocorrelation, which is GraniteShares FATANG 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 FATANG's etf expected returns. We can calculate the autocorrelation of GraniteShares FATANG returns to help us make a trade decision. For example, suppose you find that GraniteShares FATANG 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 FATANG 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 FATANG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares FATANG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares FATANG etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares FATANG Lagged Returns
When evaluating GraniteShares FATANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares FATANG etf have on its future price. GraniteShares FATANG 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 FATANG autocorrelation shows the relationship between GraniteShares FATANG etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares FATANG ETC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in GraniteShares Etf
GraniteShares FATANG financial ratios help investors to determine whether GraniteShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GraniteShares with respect to the benefits of owning GraniteShares FATANG security.