GraniteShares Etf Forward View - Double Exponential Smoothing
| DLLL Etf | 41.11 0.07 0.17% |
This reference view applies Double Exponential Smoothing to GraniteShares 2x Long's historical closing prices. GraniteShares 2x Long's Double Exponential Smoothing reference page summarizes the forecasted price and model accuracy metrics from daily trading data. GraniteShares 2x Long's forecast reference data is generated from the equity's historical trading prices. Mean absolute deviation and related metrics help quantify forecast uncertainty for GraniteShares 2x Long.
The Double Exponential Smoothing forecasted value of GraniteShares 2x Long on the next trading day is expected to be 42.11 with a mean absolute deviation of 1.27 and the sum of the absolute errors of 75.02.When GraniteShares 2x Long prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any GraniteShares 2x Long trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent GraniteShares observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for GraniteShares 2x Long are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 26th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of GraniteShares 2x Long on the next trading day is expected to be 42.11 with a mean absolute deviation of 1.27 , mean absolute percentage error of 3.63 , and the sum of the absolute errors of 75.02 .Please note that although there have been many attempts to predict GraniteShares Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that GraniteShares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates GraniteShares' predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 33.95 and upside near 50.27.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of GraniteShares etf data series using in forecasting. Note that when a statistical model is used to represent GraniteShares etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.3996 |
| MAD | Mean absolute deviation | 1.2716 |
| MAPE | Mean absolute percentage error | 0.0521 |
| SAE | Sum of the absolute errors | 75.023 |
Other Forecasting Options for GraniteShares
Volume-weighted price analysis for GraniteShares Etf gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in GraniteShares momentum before they appear in raw price. Comparing GraniteShares' realized volatility to implied volatility reveals whether the options market expects larger or smaller moves. Readings above 80 or below 20 highlight potential reversal zones in GraniteShares Etf price action.GraniteShares Related Equities
Sizing up GraniteShares against these stocks within the Trading--Leveraged Equity space shows how it compares on key financial measures. Looking at GraniteShares' pricing multiples next to these peers shows if the stock trades at a premium or discount.
| Risk & Return | Correlation |
GraniteShares Market Strength Events
Evaluating the market strength of GraniteShares etf allows investors to gauge shifts in market momentum. Monitoring these indicators highlights periods where GraniteShares 2x Long trading conditions shift meaningfully. These metrics are particularly useful when GraniteShares etf shows divergence from broader market trends. Regularly reviewing GraniteShares 2x Long strength signals helps maintain a structured approach to position management.
GraniteShares Risk Indicators
Understanding GraniteShares' risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in GraniteShares' investment, investors can decide how to position their exposure. Reviewing GraniteShares' basic risk indicators is essential for managing investment risk effectively. The risk-return trade-off for graniteshares etf becomes clearer when GraniteShares' risk indicators are properly assessed.
| Mean Deviation | 4.99 | |||
| Semi Deviation | 5.72 | |||
| Standard Deviation | 7.93 | |||
| Variance | 62.91 | |||
| Downside Variance | 45.91 | |||
| Semi Variance | 32.74 | |||
| Expected Short fall | -5.37 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for GraniteShares
A coverage review of GraniteShares 2x Long shows when the security is attracting above-average attention from contributors and market observers. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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More Resources for GraniteShares Etf Analysis
A broader look at GraniteShares 2x Long comes from its financial reports and historical data. These measures show how earnings and operations are structured.Cross-verify projections for GraniteShares using Historical Fundamental Analysis of GraniteShares. The historical series provides projection context. GraniteShares information on this page supports broader research rather than acting as a stand-alone signal. For GraniteShares, the analytical tools below add portfolio-level context that single-security review alone cannot provide. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of GraniteShares 2x Long is measured differently than book value, which reflects GraniteShares accounting equity. Valuation work aligns these measures into a single analytical context.
Understanding GraniteShares involves recognizing that value and price can reflect different time horizons. GraniteShares market price reflects the current exchange level formed by active bids and offers.