Graniteshares 2x Long Etf Performance
| AMZZ Etf | USD 28.37 1.67 6.25% |
The etf retains a Market Volatility (i.e., Beta) of 2.1, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GraniteShares will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days GraniteShares 2x Long has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's basic indicators remain fairly strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 3,773 in GraniteShares 2x Long on December 24, 2024 and sell it today you would lose (936.00) from holding GraniteShares 2x Long or give up 24.81% of portfolio value over 90 days. GraniteShares 2x Long is currently does not generate positive expected returns and assumes 3.3184% risk (volatility on return distribution) over the 90 days horizon. In different words, 29% of etfs are less volatile than GraniteShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
GraniteShares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares 2x Long, and traders can use it to determine the average amount a GraniteShares' 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 = -0.1241
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| Negative Returns | AMZZ |
Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.41 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GraniteShares is not performing at its full potential. However, 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 by adding GraniteShares to a well-diversified portfolio.
GraniteShares Fundamentals Growth
GraniteShares Etf prices reflect investors' perceptions of the future prospects and financial health of GraniteShares, and GraniteShares fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GraniteShares Etf performance.
| Return On Asset | -298.27 | |||
| Current Valuation | 583.46 K | |||
| Shares Outstanding | 616 M | |||
| Cash And Equivalents | 27.88 K | |||
| Total Debt | 549.75 K | |||
| Cash Flow From Operations | (843.09 K) | |||
| Earnings Per Share | (0.89) X | |||
| Total Asset | 30 K | |||
| Retained Earnings | (1.47 M) | |||
| Current Asset | 28 K | |||
| Current Liabilities | 719 K | |||
About GraniteShares Performance
Evaluating GraniteShares' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if GraniteShares 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 has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Amazonica, Corporation, doing business as EuroAmerican Hydrogen Corporation, develops technologies related to the manufacture, and research and development related to the production of pure hydrogen in Canada.| GraniteShares generated a negative expected return over the last 90 days | |
| GraniteShares has high historical volatility and very poor performance | |
| GraniteShares has high likelihood to experience some financial distress in the next 2 years | |
| GraniteShares 2x Long currently holds 549.75 K in liabilities. GraniteShares 2x Long has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist GraniteShares until it has trouble settling it off, either with new capital or with free cash flow. So, GraniteShares' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GraniteShares 2x Long sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GraniteShares to invest in growth at high rates of return. When we think about GraniteShares' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.13 M). | |
| GraniteShares 2x Long currently holds about 27.88 K in cash with (843.09 K) of positive cash flow from operations. |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares 2x Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.