Graniteshares Etf Trust Etf Performance
| AAPB Etf | USD 33.76 1.24 3.54% |
The etf retains a Market Volatility (i.e., Beta) of -0.0686, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GraniteShares ETF are expected to decrease at a much lower rate. During the bear market, GraniteShares ETF is likely to outperform the market.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares ETF Trust are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating basic indicators, GraniteShares ETF sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Trading Signals - Stock Traders Daily | 12/12/2024 |
GraniteShares |
GraniteShares ETF Relative Risk vs. Return Landscape
If you would invest 2,838 in GraniteShares ETF Trust on September 22, 2024 and sell it today you would earn a total of 538.00 from holding GraniteShares ETF Trust or generate 18.96% return on investment over 90 days. GraniteShares ETF Trust is currently generating 0.2958% in daily expected returns and assumes 2.209% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of etfs are less volatile than GraniteShares, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
GraniteShares ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares ETF Trust, and traders can use it to determine the average amount a GraniteShares ETF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1339
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AAPB | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average GraniteShares ETF is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GraniteShares ETF by adding it to a well-diversified portfolio.
About GraniteShares ETF Performance
By analyzing GraniteShares ETF's fundamental ratios, stakeholders can gain valuable insights into GraniteShares ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GraniteShares ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if GraniteShares ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF is an exchange traded fund launched by GraniteShares Inc. GraniteShares 175x is traded on NASDAQ Exchange in the United States.| Latest headline from news.google.com: Trading Signals - Stock Traders Daily |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade GraniteShares Etf refer to our How to Trade GraniteShares Etf guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.