Graniteshares Etf Trust Etf Price on August 29, 2024
| CONL Etf | USD 54.06 9.93 15.52% |
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 ETF stands at 54.06, as last reported on the 22nd of November, with the highest price reaching 68.04 and the lowest price hitting 51.41 during the day. GraniteShares ETF is somewhat reliable given 3 months investment horizon. GraniteShares ETF Trust holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.5% are justified by taking the suggested risk. Use GraniteShares ETF Trust market risk adjusted performance of 0.1387, and Risk Adjusted Performance of 0.0917 to evaluate company specific risk that cannot be diversified away.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
GraniteShares |
Sharpe Ratio = 0.1127
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| Average Returns | CONL | |||
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Estimated Market Risk
| 13.33 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.5 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average GraniteShares ETF is performing at about 8% of its full potential. 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 ETF by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
GraniteShares ETF Valuation on August 29, 2024
It is possible to determine the worth of GraniteShares ETF on a given historical date. On August 29, 2024 GraniteShares was worth 30.95 at the beginning of the trading date compared to the closed value of 29.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares ETF etf. Still, in general, we apply an absolute valuation method to find GraniteShares ETF's 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 ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares ETF's related companies.
| Open | High | Low | Close | Volume | |
| 31.42 | 32.16 | 29.02 | 29.80 | 2,742,700 | |
08/29/2024 | 30.95 | 31.73 | 28.92 | 29.16 | 1,994,663 |
| 29.33 | 29.59 | 26.54 | 27.52 | 3,212,980 |
| Backtest GraniteShares ETF | | | GraniteShares ETF History | | | GraniteShares ETF Valuation | Previous | Next |
GraniteShares ETF Trading Date Momentum on August 29, 2024
| On August 30 2024 GraniteShares ETF Trust was traded for 27.52 at the closing time. The top price for the day was 29.59 and the lowest listed price was 26.54 . The trading volume for the day was 3.2 M. The trading history from August 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.62% . The overall trading delta against the current closing price is 36.80% . |
About GraniteShares ETF Etf history
GraniteShares ETF 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 ETF Trust 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 ETF stock prices may prove useful in developing a viable investing in GraniteShares ETF
GraniteShares ETF Etf Technical Analysis
GraniteShares ETF 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 ETF Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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GraniteShares ETF November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how GraniteShares ETF 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 ETF shares will generate the highest return on investment. By undertsting and applying GraniteShares ETF etf market strength indicators, traders can identify GraniteShares ETF Trust entry and exit signals to maximize returns
GraniteShares ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GraniteShares ETF's 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 | 0.0917 | |||
| Jensen Alpha | 0.3228 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.1364 | |||
| Treynor Ratio | 0.1287 |
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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 board of governors. For more information on how to buy GraniteShares Etf please use our How to buy in GraniteShares Etf guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.