Graniteshares Gold Trust Etf Net Asset
| BAR Etf | USD 25.93 0.77 2.88% |
GraniteShares Gold Trust fundamentals help investors to digest information that contributes to GraniteShares Gold's financial success or failures. It also enables traders to predict the movement of GraniteShares Etf. The fundamental analysis module provides a way to measure GraniteShares Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GraniteShares Gold etf.
GraniteShares |
GraniteShares Gold Trust ETF Net Asset Analysis
GraniteShares Gold's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current GraniteShares Gold Net Asset | 831.6 M |
Most of GraniteShares Gold's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GraniteShares Gold Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, GraniteShares Gold Trust has a Net Asset of 831.6 M. This is much higher than that of the Graniteshares family and significantly higher than that of the Commodities Focused category. The net asset for all United States etfs is notably lower than that of the firm.
GraniteShares Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GraniteShares Gold's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of GraniteShares Gold could also be used in its relative valuation, which is a method of valuing GraniteShares Gold by comparing valuation metrics of similar companies.GraniteShares Gold is currently under evaluation in net asset as compared to similar ETFs.
GraniteShares Fundamentals
| Number Of Employees | 20 | |||
| Beta | 0.15 | |||
| Total Asset | 831.6 M | |||
| One Year Return | 35.60 % | |||
| Three Year Return | 14.20 % | |||
| Five Year Return | 12.80 % | |||
| Net Asset | 831.6 M |
About GraniteShares Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares Gold Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares Gold Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with GraniteShares Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GraniteShares Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GraniteShares Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with GraniteShares Etf
| 1.0 | GLD | SPDR Gold Shares | PairCorr |
| 1.0 | IAU | iShares Gold Trust | PairCorr |
| 0.94 | SLV | iShares Silver Trust | PairCorr |
| 1.0 | GLDM | SPDR Gold MiniShares | PairCorr |
| 1.0 | SGOL | abrdn Physical Gold | PairCorr |
The ability to find closely correlated positions to GraniteShares Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GraniteShares Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GraniteShares Gold Trust to buy it.
The correlation of GraniteShares Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares Gold Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GraniteShares Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out GraniteShares Gold Piotroski F Score and GraniteShares Gold Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of GraniteShares Gold 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Gold'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 Gold's market value can be influenced by many factors that don't directly affect GraniteShares Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Gold'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.