GraniteShares (UK) Market Value

3SVP Etf   539.13  39.25  6.79%   
GraniteShares' market value is the price at which a share of GraniteShares trades on a public exchange. It measures the collective expectations of GraniteShares 3x Short investors about its performance. GraniteShares is selling for under 603.25 as of the 6th of December 2024; that is 10.00% increase since the beginning of the trading day. The etf's lowest day price was 539.13.
With this module, you can estimate the performance of a buy and hold strategy of GraniteShares 3x Short and determine expected loss or profit from investing in GraniteShares over a given investment horizon. Check out GraniteShares Correlation, GraniteShares Volatility and GraniteShares Alpha and Beta module to complement your research on GraniteShares.
Symbol

Please note, there is a significant difference between GraniteShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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 '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' 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.
0.00
09/07/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/06/2024
0.00
If you would invest  0.00  in GraniteShares on September 7, 2024 and sell it all today you would earn a total of 0.00 from holding GraniteShares 3x Short or generate 0.0% return on investment in GraniteShares over 90 days. More

GraniteShares 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' 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 3x Short upside and downside potential and time the market with a certain degree of confidence.

GraniteShares Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares' standard deviation. In reality, there are many statistical measures that can use GraniteShares historical prices to predict the future GraniteShares' volatility.
Hype
Prediction
LowEstimatedHigh
531.73539.13546.53
Details
Intrinsic
Valuation
LowRealHigh
520.95528.35593.04
Details
Naive
Forecast
LowNextHigh
545.26552.66560.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
495.78598.60701.42
Details

GraniteShares 3x Short Backtested Returns

GraniteShares 3x Short holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of standard deviation over the last 3 months. GraniteShares 3x Short exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GraniteShares' risk adjusted performance of (0.15), and Market Risk Adjusted Performance of (0.82) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 1.89, 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 will likely underperform.

Auto-correlation

    
  0.11  

Insignificant predictability

GraniteShares 3x Short has insignificant predictability. Overlapping area represents the amount of predictability between GraniteShares time series from 7th of September 2024 to 22nd of October 2024 and 22nd of October 2024 to 6th of December 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 3x Short price movement. The serial correlation of 0.11 indicates that less than 11.0% of current GraniteShares price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.09
Residual Average0.0
Price Variance2865.74

GraniteShares 3x Short lagged returns against current returns

Autocorrelation, which is GraniteShares 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' etf expected returns. We can calculate the autocorrelation of GraniteShares returns to help us make a trade decision. For example, suppose you find that GraniteShares 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares etf over time.
   Current vs Lagged Prices   
       Timeline  

GraniteShares Lagged Returns

When evaluating GraniteShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares etf have on its future price. GraniteShares 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 autocorrelation shows the relationship between GraniteShares etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares 3x Short.
   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 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 security.