GraniteShares 2x Long COIN Daily ETF Shares Gap Up Whats Next?
| CONL Etf | USD 54.06 9.93 15.52% |
About 61% of GraniteShares ETF's investor base is looking to short. The current sentiment regarding investing in GraniteShares ETF Trust etf implies that many traders are alarmed. GraniteShares ETF's investing sentiment shows overall attitude of investors towards GraniteShares ETF Trust.
GraniteShares ETF etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of GraniteShares daily returns and investor perception about the current price of GraniteShares ETF Trust as well as its diversification or hedging effects on your existing portfolios.
GraniteShares |
Shares of GraniteShares 2x Long COIN Daily ETF gapped up prior to trading on Wednesday . The stock had previously closed at 65.89, but opened at 69.07. GraniteShares 2x Long COIN Daily ETF shares last traded at 62.84, with a volume of 8,125,942 shares traded. GraniteShares 2x Long COIN Daily
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GraniteShares ETF Fundamental Analysis
We analyze GraniteShares ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares ETF 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
GraniteShares ETF is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
GraniteShares ETF Trust Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GraniteShares ETF etf to make a market-neutral strategy. Peer analysis of GraniteShares ETF could also be used in its relative valuation, which is a method of valuing GraniteShares ETF by comparing valuation metrics with similar companies.
Peers
GraniteShares ETF Related Equities
| AAPB | GraniteShares ETF | 0.28 |
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| AAPU | Direxion Shares | 0.33 |
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| MSFU | Direxion Daily | 0.89 |
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| AMZU | Direxion Daily | 4.47 |
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| GGLL | Direxion Daily | 9.41 |
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Check out GraniteShares ETF Hype Analysis, GraniteShares ETF Correlation and GraniteShares ETF Performance. For more information on how to buy GraniteShares Etf please use our How to buy in GraniteShares Etf guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.