GraniteShares (UK) Price on June 30, 2024

3STE Etf   0.48  0.03  5.88%   
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of GraniteShares stands at 0.48, as last reported on the 1st of December, with the highest price reaching 0.49 and the lowest price hitting 0.47 during the day. GraniteShares 3x Short holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of standard deviation over the last 3 months. GraniteShares 3x Short exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GraniteShares' market risk adjusted performance of 4.43, and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide.
  
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1916

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Estimated Market Risk

 12.32
  actual daily
96
96% of assets are less volatile

Expected Return

 -2.36
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.19
  actual daily
0
Most of other assets perform better
Based on monthly moving average GraniteShares is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GraniteShares by adding GraniteShares to a well-diversified portfolio.
Average Mkt Cap Mil
No Data

GraniteShares Valuation on June 30, 2024

It is possible to determine the worth of GraniteShares on a given historical date. On June 30, 2024 GraniteShares was worth 8.52 at the beginning of the trading date compared to the closed value of 8.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares etf. Still, in general, we apply an absolute valuation method to find GraniteShares' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GraniteShares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares' related companies.
 Open High Low Close Volume
  9.66    9.72    9.24    9.64    312.00  
06/28/2024
  8.52    9.23    8.48    8.77    87.00  
  7.79    7.84    7.46    7.46    2,013  
Backtest GraniteShares  |  GraniteShares History  PreviousNext  
Open Value
8.52
8.77
Closing Value
45.48
Upside

GraniteShares Trading Date Momentum on June 30, 2024

On July 01 2024 GraniteShares 3x Short was traded for  7.46  at the closing time. The highest price during the trading period was 7.84  and the lowest recorded bid was listed for  7.46 . The volume for the day was 2 K. This history from July 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 14.94% . The overall trading delta to the current price is 53.71% .

About GraniteShares Etf history

GraniteShares investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GraniteShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GraniteShares 3x Short will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GraniteShares stock prices may prove useful in developing a viable investing in GraniteShares

GraniteShares Etf Technical Analysis

GraniteShares 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.
A focus of GraniteShares technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GraniteShares trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

GraniteShares Period Price Range

Low
December 1, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

GraniteShares 3x Short cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

GraniteShares December 1, 2024 Market Strength

Market strength indicators help investors to evaluate how GraniteShares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GraniteShares shares will generate the highest return on investment. By undertsting and applying GraniteShares etf market strength indicators, traders can identify GraniteShares 3x Short entry and exit signals to maximize returns

GraniteShares Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for GraniteShares' price direction in advance. Along with the technical and fundamental analysis of GraniteShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of GraniteShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in GraniteShares Etf

GraniteShares financial ratios help investors to determine whether GraniteShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GraniteShares with respect to the benefits of owning GraniteShares security.