Graniteshares 2x Long Etf Performance
| AMDL Etf | 10.19 0.53 4.94% |
The etf retains a Market Volatility (i.e., Beta) of 2.94, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GraniteShares will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days GraniteShares 2x Long has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's fundamental indicators remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the ETF venture institutional investors. ...more
1 | Investment Analysis - Stock Traders Daily | 09/25/2024 |
GraniteShares |
GraniteShares Relative Risk vs. Return Landscape
If you would invest 1,228 in GraniteShares 2x Long on August 29, 2024 and sell it today you would lose (209.00) from holding GraniteShares 2x Long or give up 17.02% of portfolio value over 90 days. GraniteShares 2x Long is currently does not generate positive expected returns and assumes 5.5941% risk (volatility on return distribution) over the 90 days horizon. In different words, 49% of etfs are less volatile than GraniteShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. 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 2x 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 = -0.0233
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| Negative Returns | AMDL |
Estimated Market Risk
| 5.59 actual daily | 49 51% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 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.
About GraniteShares Performance
By examining GraniteShares' fundamental ratios, stakeholders can obtain critical insights into GraniteShares' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that GraniteShares is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
GraniteShares is entity of United States. It is traded as Etf on NASDAQ exchange.| GraniteShares generated a negative expected return over the last 90 days | |
| GraniteShares has high historical volatility and very poor performance |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares 2x Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of GraniteShares 2x Long 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' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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' market value can be influenced by many factors that don't directly affect GraniteShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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.