GraniteShares (UK) Performance
| 3LNI Etf | 0.18 0.01 5.26% |
The etf retains a Market Volatility (i.e., Beta) of -1.23, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GraniteShares are expected to decrease by larger amounts. On the other hand, during market turmoil, GraniteShares is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days GraniteShares 3x Long has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, GraniteShares is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| In Threey Sharp Ratio | -0.29 |
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 24.00 in GraniteShares 3x Long on November 28, 2024 and sell it today you would lose (6.00) from holding GraniteShares 3x Long or give up 25.0% of portfolio value over 90 days. GraniteShares 3x Long is generating 0.0587% of daily returns and assumes 11.5014% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than GraniteShares on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 = 0.0051
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| Cash | Small Risk | Average Risk | High Risk | 3LNI |
| Negative Returns |
Estimated Market Risk
| 11.5 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GraniteShares 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 GraniteShares by adding GraniteShares 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 is not yet fully synchronised with the market data | |
| GraniteShares had very high historical volatility over the last 90 days | |
| GraniteShares has some characteristics of a very speculative penny stock | |
| The fund generated three year return of -97.0% |
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.