GraniteShares ETF Financials
| AAPB Etf | USD 28.47 0.08 0.28% |
Net Expense Ratio 0.0115 |
GraniteShares |
The data published in GraniteShares ETF's official financial statements typically reflect GraniteShares ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving GraniteShares ETF's quantitative information. For example, before you start analyzing numbers published by GraniteShares accountants, it's essential to understand GraniteShares ETF's liquidity, profitability, and earnings quality within the context of the Trading--Leveraged Equity space in which it operates.
Please note, the presentation of GraniteShares ETF's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, GraniteShares ETF's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of GraniteShares ETF's management manipulating its earnings.
GraniteShares ETF Etf Summary
GraniteShares ETF competes with ProShares Ultra, ProShares Ultra, ProShares UltraPro, Direxion Daily, and Direxion Daily. GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF is an exchange traded fund launched by GraniteShares Inc. GraniteShares 175x is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US38747R8842 |
| CUSIP | 38747R884 |
| Region | North America |
| Investment Issuer | GraniteShares |
| Business Address | 205 Hudson Street |
| Fund Category | Strategy |
| Portfolio Concentration | Single Stock |
| Benchmark | Dow Jones Industrial |
| Phone | 646 876 5096 |
| Currency | USD - US Dollar |
GraniteShares ETF Trust Systematic Risk
GraniteShares ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. GraniteShares ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on GraniteShares ETF Trust correlated with the market. If Beta is less than 0 GraniteShares ETF generally moves in the opposite direction as compared to the market. If GraniteShares ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one GraniteShares ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of GraniteShares ETF is generally in the same direction as the market. If Beta > 1 GraniteShares ETF moves generally in the same direction as, but more than the movement of the benchmark.
About GraniteShares ETF Financials
What exactly are GraniteShares ETF Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include GraniteShares ETF's income statement, its balance sheet, and the statement of cash flows. Potential GraniteShares ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although GraniteShares ETF investors may use each financial statement separately, they are all related. The changes in GraniteShares ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on GraniteShares ETF's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.GraniteShares ETF Thematic Clasifications
GraniteShares ETF Trust is part of several thematic ideas from Strategy ETFs to Single Stock ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasGraniteShares ETF November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of GraniteShares ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of GraniteShares ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of GraniteShares ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing GraniteShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build GraniteShares ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.59 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.55 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares ETF 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 american community survey. For information on how to trade GraniteShares Etf refer to our How to Trade GraniteShares Etf guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of GraniteShares ETF 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares ETF'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 ETF's market value can be influenced by many factors that don't directly affect GraniteShares ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. 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.