GraniteShares ETF Financial Statements From 2010 to 2026
| DRUP Etf | 58.38 0.86 1.50% |
Check GraniteShares ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GraniteShares ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . GraniteShares financial statements analysis is a perfect complement when working with GraniteShares ETF Valuation or Volatility modules.
GraniteShares | Build AI portfolio with GraniteShares Etf |
Pair Trading with GraniteShares ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GraniteShares ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GraniteShares ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with GraniteShares Etf
Moving against GraniteShares Etf
| 0.7 | RDIV | Invesco SP Ultra | PairCorr |
| 0.51 | SOXX | iShares Semiconductor ETF | PairCorr |
| 0.46 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.45 | NUGT | Direxion Daily Gold | PairCorr |
| 0.43 | JNUG | Direxion Daily Junior | PairCorr |
The ability to find closely correlated positions to GraniteShares ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GraniteShares ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GraniteShares ETF Trust to buy it.
The correlation of GraniteShares ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GraniteShares ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of GraniteShares ETF Correlation against competitors. To learn how to invest in GraniteShares Etf, please use our How to Invest in GraniteShares ETF guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
GraniteShares ETF Trust's market price often diverges from its book value, the accounting figure shown on GraniteShares's balance sheet. Smart investors calculate GraniteShares ETF's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since GraniteShares ETF's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between GraniteShares ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding GraniteShares ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. 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.