GraniteShares (UK) Performance
| SPP3 Etf | 135.50 4.25 3.24% |
The etf retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GraniteShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days GraniteShares 3x Short has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Etf's basic indicators remain comparatively stable which may send shares a bit higher in January 2025. The newest uproar may also be a sign of mid-term up-swing for the exchange-traded fund private investors. ...more
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 31,045 in GraniteShares 3x Short on September 12, 2024 and sell it today you would lose (17,495) from holding GraniteShares 3x Short or give up 56.35% of portfolio value over 90 days. GraniteShares 3x Short is generating negative expected returns and assumes 5.2033% volatility on return distribution over the 90 days horizon. Simply put, 46% of etfs are less volatile than GraniteShares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 3x Short, 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 = -0.221
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| Negative Returns | SPP3 |
Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| -1.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.22 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 generated a negative expected return over the last 90 days | |
| GraniteShares has high historical volatility and very poor performance |