Graniteshares 15x Long Etf Price on November 21, 2024
| NVDL Etf | USD 68.98 1.64 2.32% |
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 15x stands at 68.98, as last reported on the 29th of November, with the highest price reaching 68.99 and the lowest price hitting 65.44 during the day. GraniteShares 15x appears to be very steady, given 3 months investment horizon. GraniteShares 15x Long holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. By evaluating GraniteShares 15x's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize GraniteShares 15x's risk adjusted performance of 0.0337, and Market Risk Adjusted Performance of 0.0865 to validate if our risk estimates are consistent with your expectations.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
GraniteShares |
Sharpe Ratio = 0.1427
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Estimated Market Risk
| 5.09 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average GraniteShares 15x is performing at about 11% 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 15x by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
GraniteShares 15x Valuation on November 21, 2024
It is possible to determine the worth of GraniteShares 15x on a given historical date. On November 21, 2024 GraniteShares was worth 84.36 at the beginning of the trading date compared to the closed value of 81.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares 15x etf. Still, in general, we apply an absolute valuation method to find GraniteShares 15x'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 15x where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares 15x's related companies.
| Open | High | Low | Close | Volume | |
| 82.12 | 82.20 | 77.14 | 80.58 | 23,104,557 | |
11/21/2024 | 84.36 | 88.31 | 74.89 | 81.42 | 37,341,695 |
| 80.50 | 81.90 | 75.21 | 76.09 | 18,715,197 |
| Backtest GraniteShares 15x | | | GraniteShares 15x History | | | GraniteShares 15x Valuation | Previous | Next |
GraniteShares 15x Trading Date Momentum on November 21, 2024
| On November 22 2024 GraniteShares 15x Long was traded for 76.09 at the closing time. The top price for the day was 81.90 and the lowest listed price was 75.21 . The trading volume for the day was 18.7 M. The trading history from November 22, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 6.55% . The overall trading delta against the current closing price is 15.71% . |
GraniteShares 15x Long Fundamentals Correlations and Trends
By evaluating GraniteShares 15x'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 15x'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 15x Etf history
GraniteShares 15x 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 15x 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 15x stock prices may prove useful in developing a viable investing in GraniteShares 15x
GraniteShares 15x Etf Technical Analysis
GraniteShares 15x 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 15x Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
GraniteShares 15x 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 15x November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how GraniteShares 15x 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 15x shares will generate the highest return on investment. By undertsting and applying GraniteShares 15x etf market strength indicators, traders can identify GraniteShares 15x Long entry and exit signals to maximize returns
GraniteShares 15x Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GraniteShares 15x'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 | 0.0337 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | 0.0765 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in GraniteShares 15x 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of GraniteShares 15x 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 15x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 15x'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 15x's market value can be influenced by many factors that don't directly affect GraniteShares 15x'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 15x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 15x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 15x'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.