Granite 3x (France) Performance
| 3LLV Etf | 1.55 0.06 4.03% |
The etf retains a Market Volatility (i.e., Beta) of -0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Granite 3x are expected to decrease at a much lower rate. During the bear market, Granite 3x is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Granite 3x LVMH has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Etf's basic indicators remain somewhat strong which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
Granite |
Granite 3x Relative Risk vs. Return Landscape
If you would invest 267.00 in Granite 3x LVMH on August 28, 2024 and sell it today you would lose (112.00) from holding Granite 3x LVMH or give up 41.95% of portfolio value over 90 days. Granite 3x LVMH is generating negative expected returns and assumes 7.5643% volatility on return distribution over the 90 days horizon. Simply put, 67% of etfs are less volatile than Granite, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Granite 3x Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite 3x's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Granite 3x LVMH, and traders can use it to determine the average amount a Granite 3x's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0917
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3LLV |
Estimated Market Risk
| 7.56 actual daily | 67 67% of assets are less volatile |
Expected Return
| -0.69 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Granite 3x 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 Granite 3x by adding Granite 3x to a well-diversified portfolio.
| Granite 3x LVMH generated a negative expected return over the last 90 days | |
| Granite 3x LVMH has high historical volatility and very poor performance | |
| Granite 3x LVMH may become a speculative penny stock |