Graniteshares 15x Short Etf Market Value
| TSDD Etf | 67.66 5.61 7.66% |
| Symbol | GraniteShares |
The market value of GraniteShares 15x Short 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 15x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 15x'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 15x's market value can be influenced by many factors that don't directly affect GraniteShares 15x'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 15x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 15x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 15x'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 15x '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 15x'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 15x.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in GraniteShares 15x on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding GraniteShares 15x Short or generate 0.0% return on investment in GraniteShares 15x over 90 days. GraniteShares 15x is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. GraniteShares 15x is entity of United States More
GraniteShares 15x 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 15x'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 15x Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.66 | |||
| Information Ratio | 0.147 | |||
| Maximum Drawdown | 46.25 | |||
| Value At Risk | (14.47) | |||
| Potential Upside | 12.56 |
GraniteShares 15x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares 15x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares 15x's standard deviation. In reality, there are many statistical measures that can use GraniteShares 15x historical prices to predict the future GraniteShares 15x's volatility.| Risk Adjusted Performance | 0.1269 | |||
| Jensen Alpha | 0.7709 | |||
| Total Risk Alpha | 2.23 | |||
| Sortino Ratio | 0.146 | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares 15x'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 15x Short Backtested Returns
GraniteShares 15x is not too volatile given 3 months investment horizon. GraniteShares 15x Short holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24 % return per unit of standard deviation over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 2.01% are justified by taking the suggested risk. Use GraniteShares 15x Short risk adjusted performance of 0.1269, and Market Risk Adjusted Performance of (0.32) to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of -3.52, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GraniteShares 15x are expected to decrease by larger amounts. On the other hand, during market turmoil, GraniteShares 15x is expected to outperform it.
Auto-correlation | 0.15 |
Insignificant predictability
GraniteShares 15x Short has insignificant predictability. Overlapping area represents the amount of predictability between GraniteShares 15x 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 15x Short price movement. The serial correlation of 0.15 indicates that less than 15.0% of current GraniteShares 15x price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 234.75 |
GraniteShares 15x Short lagged returns against current returns
Autocorrelation, which is GraniteShares 15x 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 15x's etf expected returns. We can calculate the autocorrelation of GraniteShares 15x returns to help us make a trade decision. For example, suppose you find that GraniteShares 15x 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 15x 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 15x etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares 15x etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares 15x etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares 15x Lagged Returns
When evaluating GraniteShares 15x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares 15x etf have on its future price. GraniteShares 15x 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 15x autocorrelation shows the relationship between GraniteShares 15x etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares 15x 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.When determining whether GraniteShares 15x Short is a strong investment it is important to analyze GraniteShares 15x's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GraniteShares 15x's future performance. For an informed investment choice regarding GraniteShares Etf, refer to the following important reports:Check out GraniteShares 15x Correlation, GraniteShares 15x Volatility and GraniteShares 15x Alpha and Beta module to complement your research on GraniteShares 15x. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
GraniteShares 15x 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.