GraniteShares FAANG (UK) Market Value
| FANE Etf | 51.42 0.27 0.52% |
| Symbol | GraniteShares |
GraniteShares FAANG '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 FAANG'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 FAANG.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in GraniteShares FAANG on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding GraniteShares FAANG ETC or generate 0.0% return on investment in GraniteShares FAANG over 720 days. GraniteShares FAANG is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. GraniteShares FAANG is entity of United Kingdom More
GraniteShares FAANG 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 FAANG'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 FAANG ETC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8243 | |||
| Information Ratio | 0.3054 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 2.04 |
GraniteShares FAANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares FAANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares FAANG's standard deviation. In reality, there are many statistical measures that can use GraniteShares FAANG historical prices to predict the future GraniteShares FAANG's volatility.| Risk Adjusted Performance | 0.2697 | |||
| Jensen Alpha | 0.3169 | |||
| Total Risk Alpha | 0.2964 | |||
| Sortino Ratio | 0.3663 | |||
| Treynor Ratio | 1.0 |
GraniteShares FAANG ETC Backtested Returns
GraniteShares FAANG appears to be very steady, given 3 months investment horizon. GraniteShares FAANG ETC holds Efficiency (Sharpe) Ratio of 0.32, which attests that the entity had a 0.32% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for GraniteShares FAANG ETC, which you can use to evaluate the volatility of the entity. Please utilize GraniteShares FAANG's market risk adjusted performance of 1.01, and Risk Adjusted Performance of 0.2697 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GraniteShares FAANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares FAANG is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
GraniteShares FAANG ETC has very good predictability. Overlapping area represents the amount of predictability between GraniteShares FAANG time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 FAANG ETC price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current GraniteShares FAANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 18.44 |
GraniteShares FAANG ETC lagged returns against current returns
Autocorrelation, which is GraniteShares FAANG 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 FAANG's etf expected returns. We can calculate the autocorrelation of GraniteShares FAANG returns to help us make a trade decision. For example, suppose you find that GraniteShares FAANG 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 FAANG 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 FAANG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares FAANG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares FAANG etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares FAANG Lagged Returns
When evaluating GraniteShares FAANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares FAANG etf have on its future price. GraniteShares FAANG 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 FAANG autocorrelation shows the relationship between GraniteShares FAANG etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares FAANG 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 FAANG 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 FAANG security.