Graniteshares 2x Long Etf Performance
| PTIR Etf | 156.38 12.08 8.37% |
The etf retains a Market Volatility (i.e., Beta) of -1.08, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning GraniteShares are expected to decrease slowly. On the other hand, during market turmoil, GraniteShares is expected to outperform it slightly.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares 2x Long are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak forward indicators, GraniteShares reported solid returns over the last few months and may actually be approaching a breakup point. ...more
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 15,623 in GraniteShares 2x Long on December 24, 2024 and sell it today you would earn a total of 15.00 from holding GraniteShares 2x Long or generate 0.1% return on investment over 90 days. GraniteShares 2x Long is currently generating 0.5854% in daily expected returns and assumes 11.1321% risk (volatility on return distribution) over the 90 days horizon. In different words, 99% of etfs are less volatile than GraniteShares, and 89% 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 = 0.0526
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 11.13 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average GraniteShares is performing at about 4% 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 by adding it to a well-diversified portfolio.
About GraniteShares Performance
Assessing GraniteShares' fundamental ratios provides investors with valuable insights into GraniteShares' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the GraniteShares is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| GraniteShares is way too risky over 90 days horizon | |
| GraniteShares appears to be risky and price may revert if volatility continues |
Check out Your Equity Center 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 gross domestic product. 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 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.