Graniteshares Xout Large Etf Volatility
| XOUT Etf | USD 58.38 0.86 1.50% |
GraniteShares XOUT Large holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18 % return per unit of standard deviation over the last 3 months. GraniteShares XOUT Large exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GraniteShares XOUT's risk adjusted performance of (0.13), and Market Risk Adjusted Performance of 1.08 to validate the risk estimate we provide.
Sharpe Ratio = -0.1773
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | XOUT |
Based on monthly moving average GraniteShares XOUT is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GraniteShares XOUT by adding GraniteShares XOUT to a well-diversified portfolio.
Key indicators related to GraniteShares XOUT's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
GraniteShares XOUT Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of GraniteShares daily returns, and it is calculated using variance and standard deviation. We also use GraniteShares's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of GraniteShares XOUT volatility.
GraniteShares | Build AI portfolio with GraniteShares Etf |
Downward market volatility can be a perfect environment for investors who play the long game with GraniteShares XOUT. They may decide to buy additional shares of GraniteShares XOUT at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with GraniteShares Etf
| 0.89 | CIBR | First Trust NASDAQ | PairCorr |
| 0.92 | IGV | iShares Expanded Tech | PairCorr |
| 0.89 | FDN | First Trust Dow | PairCorr |
| 0.61 | BULZ | MicroSectors Solactive | PairCorr |
| 0.82 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.71 | GBTC | Grayscale Bitcoin Trust | PairCorr |
Moving against GraniteShares Etf
| 0.73 | RDIV | Invesco SP Ultra | PairCorr |
| 0.5 | SOXX | iShares Semiconductor ETF | PairCorr |
| 0.48 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.47 | NUGT | Direxion Daily Gold | PairCorr |
| 0.45 | JNUG | Direxion Daily Junior | PairCorr |
| 0.41 | GGLL | Direxion Daily GOOGL | PairCorr |
GraniteShares XOUT Market Sensitivity And Downside Risk
GraniteShares XOUT's beta coefficient measures the volatility of GraniteShares etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents GraniteShares etf's returns against your selected market. In other words, GraniteShares XOUT's beta of -0.22 provides an investor with an approximation of how much risk GraniteShares XOUT etf can potentially add to one of your existing portfolios. GraniteShares XOUT Large exhibits very low volatility with skewness of 0.5 and kurtosis of 3.19. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure GraniteShares XOUT's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact GraniteShares XOUT's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
| α | -0.22 | β | -0.22 | Check current 90 days GraniteShares XOUT correlation with market (Dow Jones Industrial)
GraniteShares XOUT Volatility and Downside Risk
GraniteShares standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
GraniteShares XOUT Large Etf Volatility Analysis
Volatility refers to the frequency at which GraniteShares XOUT etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with GraniteShares XOUT's price changes. Investors will then calculate the volatility of GraniteShares XOUT's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of GraniteShares XOUT's volatility:
Historical Volatility
This type of etf volatility measures GraniteShares XOUT's fluctuations based on previous trends. It's commonly used to predict GraniteShares XOUT's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for GraniteShares XOUT's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on GraniteShares XOUT's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. GraniteShares XOUT Large Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
GraniteShares XOUT Projected Return Density Against Market
Given the investment horizon of 90 days GraniteShares XOUT Large has a beta of -0.224 . This entails as returns on the benchmark increase, returns on holding GraniteShares XOUT are expected to decrease at a much lower rate. During a bear market, however, GraniteShares XOUT Large is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to GraniteShares XOUT or Graniteshares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that GraniteShares XOUT's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a GraniteShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
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What Drives a GraniteShares XOUT Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.GraniteShares XOUT Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of GraniteShares XOUT is -563.97. The daily returns are distributed with a variance of 1.91 and standard deviation of 1.38. The mean deviation of GraniteShares XOUT Large is currently at 0.93. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 1.38 | |
Ir | Information ratio | -0.24 |
GraniteShares XOUT Etf Return Volatility
GraniteShares XOUT historical daily return volatility represents how much of GraniteShares XOUT etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The exchange-traded fund inherits 1.3818% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8099% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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GraniteShares XOUT Constituents Risk-Adjusted Indicators
There is a big difference between GraniteShares Etf performing well and GraniteShares XOUT 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 XOUT's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GGME | 0.86 | (0.32) | 0.00 | (0.31) | 0.00 | 1.44 | 5.08 | |||
| PDEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MJUS | 3.08 | (1.08) | 0.00 | (0.78) | 0.00 | 5.71 | 30.14 | |||
| VALT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NFO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IBCD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TDSD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RESP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About GraniteShares XOUT Volatility
Volatility is a rate at which the price of GraniteShares XOUT or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of GraniteShares XOUT may increase or decrease. In other words, similar to GraniteShares's beta indicator, it measures the risk of GraniteShares XOUT and helps estimate the fluctuations that may happen in a short period of time. So if prices of GraniteShares XOUT fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its assets in the securities included in the index. Graniteshares Xout is traded on NYSEARCA Exchange in the United States.
GraniteShares XOUT's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on GraniteShares Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much GraniteShares XOUT's price varies over time.
3 ways to utilize GraniteShares XOUT's volatility to invest better
Higher GraniteShares XOUT's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of GraniteShares XOUT Large etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. GraniteShares XOUT Large etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of GraniteShares XOUT Large investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in GraniteShares XOUT's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of GraniteShares XOUT's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
GraniteShares XOUT Investment Opportunity
GraniteShares XOUT Large has a volatility of 1.38 and is 1.7 times more volatile than Dow Jones Industrial. 12 percent of all equities and portfolios are less risky than GraniteShares XOUT. You can use GraniteShares XOUT Large to enhance the returns of your portfolios. The etf experiences a large bullish trend. Check odds of GraniteShares XOUT to be traded at $64.22 in 90 days.Very good diversification
The correlation between GraniteShares XOUT Large and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares XOUT Large and DJI in the same portfolio, assuming nothing else is changed.
GraniteShares XOUT Additional Risk Indicators
The analysis of GraniteShares XOUT's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in GraniteShares XOUT's investment and either accepting that risk or mitigating it. Along with some common measures of GraniteShares XOUT etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.13) | |||
| Market Risk Adjusted Performance | 1.08 | |||
| Mean Deviation | 0.945 | |||
| Coefficient Of Variation | (601.87) | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.91 | |||
| Information Ratio | (0.24) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
GraniteShares XOUT Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against GraniteShares XOUT as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. GraniteShares XOUT's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, GraniteShares XOUT's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to GraniteShares XOUT Large.
When determining whether GraniteShares XOUT Large is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if GraniteShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Graniteshares Xout Large Etf. Highlighted below are key reports to facilitate an investment decision about Graniteshares Xout Large Etf: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GraniteShares XOUT Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
GraniteShares XOUT Large's market price often diverges from its book value, the accounting figure shown on GraniteShares's balance sheet. Smart investors calculate GraniteShares XOUT's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since GraniteShares XOUT's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between GraniteShares XOUT's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares XOUT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares XOUT'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.