GraniteShares (UK) Performance
| 3LME Etf | 25.92 0.36 1.37% |
The etf retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GraniteShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares 3x Long are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, GraniteShares may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| In Threey Sharp Ratio | 0.11 |
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 2,511 in GraniteShares 3x Long on August 30, 2024 and sell it today you would earn a total of 81.00 from holding GraniteShares 3x Long or generate 3.23% return on investment over 90 days. GraniteShares 3x Long is generating 0.1237% of daily returns and assumes 3.8578% volatility on return distribution over the 90 days horizon. Simply put, 34% of etfs are less volatile than GraniteShares, and 98% 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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GraniteShares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares 3x Long, and traders can use it to determine the average amount a GraniteShares' 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 = 0.0321
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| Cash | Small Risk | Average Risk | 3LME | Huge Risk |
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Estimated Market Risk
| 3.86 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average GraniteShares is performing at about 2% 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 by adding it to a well-diversified portfolio.
GraniteShares Fundamentals Growth
GraniteShares Etf prices reflect investors' perceptions of the future prospects and financial health of GraniteShares, and GraniteShares fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GraniteShares Etf performance.
About GraniteShares Performance
Assessing GraniteShares' fundamental ratios provides investors with valuable insights into GraniteShares' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the GraniteShares is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
GraniteShares is entity of United Kingdom. It is traded as Etf on LSE exchange.| GraniteShares had very high historical volatility over the last 90 days |
Other Information on Investing in GraniteShares Etf
GraniteShares financial ratios help investors to determine whether GraniteShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GraniteShares with respect to the benefits of owning GraniteShares security.