Graniteshares 125x Long Etf Market Value
| TSL Etf | USD 20.14 2.42 10.73% |
| Symbol | GraniteShares |
The market value of GraniteShares 125x Long 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 125x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 125x'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 125x's market value can be influenced by many factors that don't directly affect GraniteShares 125x'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 125x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 125x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 125x'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 125x '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 125x'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 125x.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in GraniteShares 125x on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding GraniteShares 125x Long or generate 0.0% return on investment in GraniteShares 125x over 30 days. GraniteShares 125x is related to or competes with Canadian Solar, Emeren, First Solar, and Ascent Solar. GraniteShares ETF Trust - GraniteShares 2x Long Tesla Daily ETF is an exchange traded fund launched by GraniteShares Inc More
GraniteShares 125x 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 125x'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 125x Long upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.2259 | |||
| Maximum Drawdown | 34.72 | |||
| Value At Risk | (7.29) | |||
| Potential Upside | 10.23 |
GraniteShares 125x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares 125x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GraniteShares 125x's standard deviation. In reality, there are many statistical measures that can use GraniteShares 125x historical prices to predict the future GraniteShares 125x's volatility.| Risk Adjusted Performance | 0.1926 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | 1.18 | |||
| Sortino Ratio | 0.3254 | |||
| Treynor Ratio | (1.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GraniteShares 125x'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 125x Long Backtested Returns
GraniteShares 125x is somewhat reliable given 3 months investment horizon. GraniteShares 125x Long 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. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use GraniteShares 125x Long market risk adjusted performance of (1.23), and Risk Adjusted Performance of 0.1926 to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of -1.09, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning GraniteShares 125x are expected to decrease slowly. On the other hand, during market turmoil, GraniteShares 125x is expected to outperform it slightly.
Auto-correlation | 0.46 |
Average predictability
GraniteShares 125x Long has average predictability. Overlapping area represents the amount of predictability between GraniteShares 125x time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 125x Long price movement. The serial correlation of 0.46 indicates that about 46.0% of current GraniteShares 125x price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
GraniteShares 125x Long lagged returns against current returns
Autocorrelation, which is GraniteShares 125x 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 125x's etf expected returns. We can calculate the autocorrelation of GraniteShares 125x returns to help us make a trade decision. For example, suppose you find that GraniteShares 125x 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 125x 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 125x etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GraniteShares 125x etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GraniteShares 125x etf over time.
Current vs Lagged Prices |
| Timeline |
GraniteShares 125x Lagged Returns
When evaluating GraniteShares 125x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GraniteShares 125x etf have on its future price. GraniteShares 125x 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 125x autocorrelation shows the relationship between GraniteShares 125x etf current value and its past values and can show if there is a momentum factor associated with investing in GraniteShares 125x Long.
Regressed Prices |
| Timeline |
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GraniteShares 125x 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.