Graniteshares Hips High Etf Price on November 13, 2024
| HIPS Etf | USD 13.16 0.06 0.46% |
Below is the normalized historical share price chart for GraniteShares HIPS High extending back to January 07, 2015. 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 HIPS stands at 13.16, as last reported on the 25th of November, with the highest price reaching 13.16 and the lowest price hitting 13.08 during the day.
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. Currently, GraniteShares HIPS High is very steady. GraniteShares HIPS High holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for GraniteShares HIPS High, which you can use to evaluate the volatility of the entity. Please check out GraniteShares HIPS's risk adjusted performance of 0.0902, and Market Risk Adjusted Performance of 0.1481 to validate if the risk estimate we provide is consistent with the expected return of 0.0545%.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 14.51 | 200 Day MA 12.795 | 1 y Volatility 6.42 | 50 Day MA 12.9336 | Inception Date 2015-01-07 |
GraniteShares |
Sharpe Ratio = 0.1025
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| Cash | HIPS | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average GraniteShares HIPS 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 HIPS by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 4.5 K |
GraniteShares HIPS Valuation on November 13, 2024
It is possible to determine the worth of GraniteShares HIPS on a given historical date. On November 13, 2024 GraniteShares was worth 13.0 at the beginning of the trading date compared to the closed value of 13.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares HIPS etf. Still, in general, we apply an absolute valuation method to find GraniteShares HIPS'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 HIPS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares HIPS's related companies.
| Open | High | Low | Close | Volume | |
| 13.00 | 13.04 | 13.00 | 13.01 | 21,312 | |
11/13/2024 | 13.00 | 13.09 | 13.00 | 13.06 | 51,058 |
| 12.98 | 13.05 | 12.92 | 12.96 | 43,974 |
| Backtest GraniteShares HIPS | | | GraniteShares HIPS History | | | GraniteShares HIPS Valuation | Previous | Next |
GraniteShares HIPS Trading Date Momentum on November 13, 2024
| On November 14 2024 GraniteShares HIPS High was traded for 12.96 at the closing time. The top price for the day was 13.05 and the lowest listed price was 12.92 . The trading volume for the day was 44 K. The trading history from November 14, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.77% . The overall trading delta against the current closing price is 0.15% . |
GraniteShares HIPS High Fundamentals Correlations and Trends
By evaluating GraniteShares HIPS's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GraniteShares HIPS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GraniteShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About GraniteShares HIPS Etf history
GraniteShares HIPS 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 HIPS High 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 HIPS stock prices may prove useful in developing a viable investing in GraniteShares HIPS
GraniteShares HIPS Etf Technical Analysis
GraniteShares HIPS 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 HIPS Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
GraniteShares HIPS High cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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 HIPS November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how GraniteShares HIPS 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 HIPS shares will generate the highest return on investment. By undertsting and applying GraniteShares HIPS etf market strength indicators, traders can identify GraniteShares HIPS High entry and exit signals to maximize returns
GraniteShares HIPS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GraniteShares HIPS'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 | 0.0902 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1381 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GraniteShares HIPS High. 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. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of GraniteShares HIPS High 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 HIPS's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares HIPS'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 HIPS's market value can be influenced by many factors that don't directly affect GraniteShares HIPS'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 HIPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares HIPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares HIPS'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.