GraniteShares HIPS Financial Statements From 2010 to 2024
| HIPS Etf | USD 13.16 0.06 0.46% |
Check GraniteShares HIPS financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GraniteShares HIPS'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 HIPS Valuation or Volatility modules.
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GraniteShares HIPS High ETF Price To Sales Analysis
GraniteShares HIPS's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current GraniteShares HIPS Price To Sales | 1.41 X |
Most of GraniteShares HIPS's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GraniteShares HIPS High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Based on the latest financial disclosure, GraniteShares HIPS High has a Price To Sales of 1.41 times. This is much higher than that of the Graniteshares family and significantly higher than that of the Aggressive Allocation category. The price to sales for all United States etfs is notably lower than that of the firm.
GraniteShares HIPS High Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining GraniteShares HIPS's current stock value. Our valuation model uses many indicators to compare GraniteShares HIPS value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across GraniteShares HIPS competition to find correlations between indicators driving GraniteShares HIPS's intrinsic value. More Info.GraniteShares HIPS High is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for GraniteShares HIPS High is roughly 13.30 . Comparative valuation analysis is a catch-all technique that is used if you cannot value GraniteShares HIPS by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About GraniteShares HIPS Financial Statements
GraniteShares HIPS shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although GraniteShares HIPS investors may analyze each financial statement separately, they are all interrelated. The changes in GraniteShares HIPS's assets and liabilities, for example, are also reflected in the revenues and expenses on on GraniteShares HIPS's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund employs a passive management-or indexing-investment approach designed to track the performance of the index. Graniteshares is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of GraniteShares HIPS Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of GraniteShares HIPS High 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 HIPS's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares HIPS'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 HIPS's market value can be influenced by many factors that don't directly affect GraniteShares HIPS'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 HIPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares HIPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares HIPS'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.