GraniteShares (UK) Price on November 5, 2024
| 3STS Etf | 0.52 0.02 3.70% |
Below is the normalized historical share price chart for GraniteShares 3x Short extending back to July 01, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of GraniteShares stands at 0.52, as last reported on the 29th of November, with the highest price reaching 0.54 and the lowest price hitting 0.52 during the day.
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. GraniteShares 3x Short holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% 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' risk adjusted performance of (0.15), and Market Risk Adjusted Performance of 3.46 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.
GraniteShares |
Sharpe Ratio = -0.2026
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3STS |
Estimated Market Risk
| 12.31 actual daily | 96 96% of assets are less volatile |
Expected Return
| -2.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 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.
GraniteShares Valuation on November 5, 2024
It is possible to determine the worth of GraniteShares on a given historical date. On November 5, 2024 GraniteShares was worth 1.91 at the beginning of the trading date compared to the closed value of 1.76. 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 | |
| 1.85 | 2.07 | 1.85 | 1.91 | 230,473 | |
11/05/2024 | 1.91 | 1.92 | 1.72 | 1.76 | 119,007 |
| 1.16 | 1.29 | 0.96 | 1.08 | 1,463,162 |
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GraniteShares Trading Date Momentum on November 5, 2024
| On November 06 2024 GraniteShares 3x Short was traded for 1.08 at the closing time. The highest price during the trading period was 1.29 and the lowest recorded bid was listed for 0.96 . The volume for the day was 1.5 M. This history from November 6, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 38.64% . The overall trading delta to the current price is 58.52% . |
Price Boundaries
GraniteShares Period Price Range
Low | November 29, 2024
| 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 November 29, 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.