Graniteshares Hips High Etf Market Value
HIPS Etf | USD 13.20 0.09 0.68% |
Symbol | GraniteShares |
The market value of GraniteShares HIPS High 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 HIPS's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares HIPS'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 HIPS's market value can be influenced by many factors that don't directly affect GraniteShares HIPS'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 HIPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares HIPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares HIPS'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 HIPS '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 HIPS'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 HIPS.
01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in GraniteShares HIPS on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding GraniteShares HIPS High or generate 0.0% return on investment in GraniteShares HIPS over 30 days. GraniteShares HIPS is related to or competes with Amplify High, Global X, Saba Closed, Arrow ETF, and Strategy Shares. The fund employs a passive management-or indexing-investment approach designed to track the performance of the index More
GraniteShares HIPS 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 HIPS'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 HIPS High upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6762 | |||
Information Ratio | 0.1321 | |||
Maximum Drawdown | 3.28 | |||
Value At Risk | (0.85) | |||
Potential Upside | 0.7843 |
GraniteShares HIPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares HIPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares HIPS's standard deviation. In reality, there are many statistical measures that can use GraniteShares HIPS historical prices to predict the future GraniteShares HIPS's volatility.Risk Adjusted Performance | 0.1005 | |||
Jensen Alpha | 0.0681 | |||
Total Risk Alpha | 0.0711 | |||
Sortino Ratio | 0.107 | |||
Treynor Ratio | 0.5152 |
GraniteShares HIPS High Backtested Returns
Currently, GraniteShares HIPS High is very steady. GraniteShares HIPS High holds Efficiency (Sharpe) Ratio of 0.0555, which attests that the entity had a 0.0555 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for GraniteShares HIPS High, which you can use to evaluate the volatility of the entity. Please check out GraniteShares HIPS's risk adjusted performance of 0.1005, and Market Risk Adjusted Performance of 0.5252 to validate if the risk estimate we provide is consistent with the expected return of 0.0302%. The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GraniteShares HIPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares HIPS is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
GraniteShares HIPS High has good predictability. Overlapping area represents the amount of predictability between GraniteShares HIPS time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. 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 HIPS High price movement. The serial correlation of 0.66 indicates that around 66.0% of current GraniteShares HIPS price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.66 | |
Spearman Rank Test | 0.39 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
GraniteShares HIPS High lagged returns against current returns
Autocorrelation, which is GraniteShares HIPS 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 HIPS's etf expected returns. We can calculate the autocorrelation of GraniteShares HIPS returns to help us make a trade decision. For example, suppose you find that GraniteShares HIPS 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 HIPS 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 HIPS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares HIPS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares HIPS etf over time.
Current vs Lagged Prices |
Timeline |
GraniteShares HIPS Lagged Returns
When evaluating GraniteShares HIPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares HIPS etf have on its future price. GraniteShares HIPS 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 HIPS autocorrelation shows the relationship between GraniteShares HIPS etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares HIPS High.
Regressed Prices |
Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out GraniteShares HIPS Correlation, GraniteShares HIPS Volatility and GraniteShares HIPS Alpha and Beta module to complement your research on GraniteShares HIPS. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
GraniteShares HIPS 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.