GraniteShares Financial Statements From 2010 to 2026
| PTIR Etf | 15.56 0.79 4.83% |
Market Capitalisation {Big=66.08831, Small=0, Mega=0, Medium=0, Micro=0} |
Check GraniteShares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GraniteShares' 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 Valuation or Volatility modules.
GraniteShares | Build AI portfolio with GraniteShares Etf |
Pair Trading with GraniteShares
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving against GraniteShares Etf
| 0.8 | NRGU | Bank of Montreal | PairCorr |
| 0.72 | GUSH | Direxion Daily SP | PairCorr |
| 0.62 | RDIV | Invesco SP Ultra | PairCorr |
| 0.55 | BINC | BlackRock ETF Trust | PairCorr |
| 0.52 | PSI | Invesco Dynamic Semi | PairCorr |
The ability to find closely correlated positions to GraniteShares 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 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 - 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 2x Long to buy it.
The correlation of GraniteShares 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares 2x Long 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 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 Correlation against competitors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
GraniteShares 2x Long's market price often diverges from its book value, the accounting figure shown on GraniteShares's balance sheet. Smart investors calculate GraniteShares' 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' 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' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding GraniteShares should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. 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.