Graniteshares 2x Long Etf Fundamentals
| PTIR Etf | 141.32 20.11 16.59% |
GraniteShares 2x Long fundamentals help investors to digest information that contributes to GraniteShares' financial success or failures. It also enables traders to predict the movement of GraniteShares Etf. The fundamental analysis module provides a way to measure GraniteShares' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GraniteShares etf.
GraniteShares |
About GraniteShares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares 2x Long's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares 2x Long based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.GraniteShares is entity of United States. It is traded as Etf on NASDAQ exchange.
Pair Trading with GraniteShares
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GraniteShares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GraniteShares will appreciate offsetting losses from the drop in the long position's value.Moving against GraniteShares Etf
The ability to find closely correlated positions to GraniteShares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GraniteShares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GraniteShares 2x Long to buy it.
The correlation of GraniteShares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares 2x Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GraniteShares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out GraniteShares Piotroski F Score and GraniteShares Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of GraniteShares 2x 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' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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' market value can be influenced by many factors that don't directly affect GraniteShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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.