Granite 3x's market value is the price at which a share of Granite 3x trades on a public exchange. It measures the collective expectations of Granite 3x LVMH investors about its performance. Granite 3x is trading at 1.55 as of the 25th of November 2024, a 4.03 percent increase since the beginning of the trading day. The etf's open price was 1.49. With this module, you can estimate the performance of a buy and hold strategy of Granite 3x LVMH and determine expected loss or profit from investing in Granite 3x over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Granite
Granite 3x '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 Granite 3x'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 Granite 3x.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in Granite 3x on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Granite 3x LVMH or generate 0.0% return on investment in Granite 3x over 30 days.
Granite 3x 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 Granite 3x'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 Granite 3x LVMH upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite 3x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite 3x's standard deviation. In reality, there are many statistical measures that can use Granite 3x historical prices to predict the future Granite 3x's volatility.
Granite 3x LVMH holds Efficiency (Sharpe) Ratio of -0.0952, which attests that the entity had a -0.0952% return per unit of standard deviation over the last 3 months. Granite 3x LVMH exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Granite 3x's market risk adjusted performance of 0.4474, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Granite 3x are expected to decrease at a much lower rate. During the bear market, Granite 3x is likely to outperform the market.
Auto-correlation
0.39
Below average predictability
Granite 3x LVMH has below average predictability. Overlapping area represents the amount of predictability between Granite 3x time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Granite 3x LVMH price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Granite 3x price fluctuation can be explain by its past prices.
Correlation Coefficient
0.39
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.0
Granite 3x LVMH lagged returns against current returns
Autocorrelation, which is Granite 3x 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 Granite 3x's etf expected returns. We can calculate the autocorrelation of Granite 3x returns to help us make a trade decision. For example, suppose you find that Granite 3x 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
Granite 3x 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 Granite 3x etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite 3x etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite 3x etf over time.
Current vs Lagged Prices
Timeline
Granite 3x Lagged Returns
When evaluating Granite 3x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite 3x etf have on its future price. Granite 3x 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, Granite 3x autocorrelation shows the relationship between Granite 3x etf current value and its past values and can show if there is a momentum factor associated with investing in Granite 3x LVMH.
Regressed Prices
Timeline
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