Graniteshares Etf Trust Etf Market Value
| DRUP Etf | 53.54 1.49 2.86% |
| Symbol | GraniteShares |
The market value of GraniteShares ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares ETF'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 ETF's market value can be influenced by many factors that don't directly affect GraniteShares ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares ETF'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 ETF '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'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 ETF.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in GraniteShares ETF on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding GraniteShares ETF Trust or generate 0.0% return on investment in GraniteShares ETF over 90 days. GraniteShares ETF is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. GraniteShares ETF is entity of United States More
GraniteShares ETF 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'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.62 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.84 |
GraniteShares ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares ETF's standard deviation. In reality, there are many statistical measures that can use GraniteShares ETF historical prices to predict the future GraniteShares ETF's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0071 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares ETF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GraniteShares ETF Trust Backtested Returns
GraniteShares ETF Trust holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % return per unit of standard deviation over the last 3 months. GraniteShares ETF Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GraniteShares ETF's risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. GraniteShares ETF returns are very sensitive to returns on the market. As the market goes up or down, GraniteShares ETF is expected to follow.
Auto-correlation | -0.62 |
Very good reverse predictability
GraniteShares ETF Trust has very good reverse predictability. Overlapping area represents the amount of predictability between GraniteShares ETF time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 ETF Trust price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current GraniteShares ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 8.42 |
GraniteShares ETF Trust lagged returns against current returns
Autocorrelation, which is GraniteShares ETF 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's etf expected returns. We can calculate the autocorrelation of GraniteShares ETF returns to help us make a trade decision. For example, suppose you find that GraniteShares ETF 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 ETF 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares ETF 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 etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares ETF Lagged Returns
When evaluating GraniteShares ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares ETF etf have on its future price. GraniteShares ETF 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 ETF autocorrelation shows the relationship between GraniteShares ETF etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with GraniteShares ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GraniteShares ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GraniteShares ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with GraniteShares Etf
| 0.84 | VGT | Vanguard Information | PairCorr |
| 0.85 | XLK | Technology Select Sector | PairCorr |
| 0.87 | IYW | iShares Technology ETF | PairCorr |
| 0.74 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.75 | SOXX | iShares Semiconductor ETF | PairCorr |
Moving against GraniteShares Etf
The ability to find closely correlated positions to GraniteShares ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GraniteShares ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GraniteShares ETF Trust to buy it.
The correlation of GraniteShares ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GraniteShares ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out GraniteShares ETF Correlation, GraniteShares ETF Volatility and GraniteShares ETF Alpha and Beta module to complement your research on GraniteShares ETF. To learn how to invest in GraniteShares Etf, please use our How to Invest in GraniteShares ETF guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
GraniteShares ETF 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.