Graniteshares Etf Trust Etf Probability of Future Etf Price Finishing Over 49.39
| CONL Etf | USD 45.55 3.82 9.15% |
GraniteShares |
GraniteShares ETF Target Price Odds to finish over 49.39
The tendency of GraniteShares Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 49.39 or more in 90 days |
| 45.55 | 90 days | 49.39 | about 71.94 |
Based on a normal probability distribution, the odds of GraniteShares ETF to move over $ 49.39 or more in 90 days from now is about 71.94 (This GraniteShares ETF Trust probability density function shows the probability of GraniteShares Etf to fall within a particular range of prices over 90 days) . Probability of GraniteShares ETF Trust price to stay between its current price of $ 45.55 and $ 49.39 at the end of the 90-day period is about 10.87 .
Given the investment horizon of 90 days the etf has the beta coefficient of 2.4 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, GraniteShares ETF will likely underperform. Additionally GraniteShares ETF Trust has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. GraniteShares ETF Price Density |
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Predictive Modules for GraniteShares ETF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GraniteShares ETF Trust. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GraniteShares ETF is not an exception. The market had few large corrections towards the GraniteShares ETF's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold GraniteShares ETF Trust, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GraniteShares ETF within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 2.40 | |
σ | Overall volatility | 10.50 | |
Ir | Information ratio | -0.03 |
GraniteShares ETF Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of GraniteShares ETF for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GraniteShares ETF Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GraniteShares ETF generated a negative expected return over the last 90 days | |
| GraniteShares ETF has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Investment Report - Stock Traders Daily |
GraniteShares ETF Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of GraniteShares Etf often depends not only on the future outlook of the current and potential GraniteShares ETF's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. GraniteShares ETF's indicators that are reflective of the short sentiment are summarized in the table below.
GraniteShares ETF Technical Analysis
GraniteShares ETF's future price can be derived by breaking down and analyzing its technical indicators over time. GraniteShares Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GraniteShares ETF Trust. In general, you should focus on analyzing GraniteShares Etf price patterns and their correlations with different microeconomic environments and drivers.
GraniteShares ETF Predictive Forecast Models
GraniteShares ETF's time-series forecasting models is one of many GraniteShares ETF's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary GraniteShares ETF's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about GraniteShares ETF Trust
Checking the ongoing alerts about GraniteShares ETF for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GraniteShares ETF Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GraniteShares ETF generated a negative expected return over the last 90 days | |
| GraniteShares ETF has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Investment Report - Stock Traders Daily |
Additional Information and Resources on Investing in GraniteShares Etf
When determining whether GraniteShares ETF Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if GraniteShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Graniteshares Etf Trust Etf. Highlighted below are key reports to facilitate an investment decision about Graniteshares Etf Trust Etf:Check out GraniteShares ETF Backtesting, Portfolio Optimization, GraniteShares ETF Correlation, GraniteShares ETF Hype Analysis, GraniteShares ETF Volatility, GraniteShares ETF History as well as GraniteShares ETF Performance. For more information on how to buy GraniteShares Etf please use our How to buy in GraniteShares Etf guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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.