Graniteshares 2x Long Etf Price on October 2, 2024
| AMDL Etf | 10.10 0.13 1.30% |
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 10.10, as last reported on the 30th of November, with the highest price reaching 10.29 and the lowest price hitting 9.88 during the day. As of now, GraniteShares Etf is slightly risky. GraniteShares 2x Long holds Efficiency (Sharpe) Ratio of 0.0062, which attests that the entity had a 0.0062% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for GraniteShares 2x Long, which you can use to evaluate the volatility of the entity. Please check out GraniteShares' risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.05) to validate if the risk estimate we provide is consistent with the expected return of 0.0322%.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
GraniteShares |
Sharpe Ratio = 0.0062
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| Negative Returns | AMDL |
Estimated Market Risk
| 5.23 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 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 October 2, 2024
It is possible to determine the worth of GraniteShares on a given historical date. On October 2, 2024 GraniteShares was worth 14.29 at the beginning of the trading date compared to the closed value of 14.39. 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 | |
| 15.22 | 15.39 | 14.08 | 14.39 | 1,020,399 | |
10/02/2024 | 14.29 | 14.95 | 14.19 | 14.39 | 1,286,300 |
| 14.35 | 15.64 | 14.35 | 14.94 | 1,068,200 |
| Backtest GraniteShares | | | GraniteShares History | | | GraniteShares Valuation | Previous | Next |
GraniteShares Trading Date Momentum on October 2, 2024
| On October 03 2024 GraniteShares 2x Long was traded for 14.94 at the closing time. The top price for the day was 15.64 and the lowest listed price was 14.35 . The trading volume for the day was 1.1 M. The trading history from October 3, 2024 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 3.82% . The overall trading delta against the current closing price is 8.96% . |
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 2x Long 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.
Price Boundaries
GraniteShares Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
GraniteShares 2x Long cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 30, 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 2x Long 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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.06) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares 2x Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of GraniteShares 2x Long 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' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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' market value can be influenced by many factors that don't directly affect GraniteShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. 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.