Graniteshares Gold Trust Etf Technical Analysis
| BAR Etf | USD 26.25 0.21 0.81% |
As of the 30th of November, GraniteShares Gold retains the market risk adjusted performance of (0.48), and Risk Adjusted Performance of 0.0746. GraniteShares Gold technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Please check out GraniteShares Gold Trust information ratio, and the relationship between the downside deviation and value at risk to decide if GraniteShares Gold is priced fairly, providing market reflects its last-minute price of 26.25 per share.
GraniteShares Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as GraniteShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GraniteSharesGraniteShares |
GraniteShares Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
GraniteShares Gold Trust Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of GraniteShares Gold Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
GraniteShares Gold Trust Trend Analysis
Use this graph to draw trend lines for GraniteShares Gold Trust. You can use it to identify possible trend reversals for GraniteShares Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual GraniteShares Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.GraniteShares Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for GraniteShares Gold Trust applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that GraniteShares Gold Trust will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 12.01, which is the sum of squared deviations for the predicted GraniteShares Gold price change compared to its average price change.About GraniteShares Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of GraniteShares Gold Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of GraniteShares Gold Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on GraniteShares Gold Trust price pattern first instead of the macroeconomic environment surrounding GraniteShares Gold Trust. By analyzing GraniteShares Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of GraniteShares Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to GraniteShares Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
GraniteShares Gold November 30, 2024 Technical Indicators
Most technical analysis of GraniteShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for GraniteShares from various momentum indicators to cycle indicators. When you analyze GraniteShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0746 | |||
| Market Risk Adjusted Performance | (0.48) | |||
| Mean Deviation | 0.7394 | |||
| Semi Deviation | 1.02 | |||
| Downside Deviation | 1.14 | |||
| Coefficient Of Variation | 1057.07 | |||
| Standard Deviation | 0.9873 | |||
| Variance | 0.9748 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.49) | |||
| Maximum Drawdown | 4.84 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.47 | |||
| Downside Variance | 1.3 | |||
| Semi Variance | 1.03 | |||
| Expected Short fall | (0.79) | |||
| Skewness | (0.91) | |||
| Kurtosis | 1.67 |
GraniteShares Gold November 30, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as GraniteShares stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2,873 | ||
| Daily Balance Of Power | 1.91 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 26.23 | ||
| Day Typical Price | 26.23 | ||
| Price Action Indicator | 0.13 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares Gold 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 nation. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of GraniteShares Gold 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Gold'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 Gold's market value can be influenced by many factors that don't directly affect GraniteShares Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Gold'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.