GraniteShares Gold Five Year Return vs. Three Year Return
Based on the measurements of profitability obtained from GraniteShares Gold's financial statements, GraniteShares Gold Trust may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess GraniteShares Gold's ability to earn profits and add value for shareholders.
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For GraniteShares Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GraniteShares Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GraniteShares Gold Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GraniteShares Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GraniteShares Gold Trust over time as well as its relative position and ranking within its peers.
GraniteShares |
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.
GraniteShares Gold Trust Three Year Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GraniteShares Gold's current stock value. Our valuation model uses many indicators to compare GraniteShares Gold value to that of its competitors to determine the firm's financial worth. GraniteShares Gold Trust is fourth largest ETF in five year return as compared to similar ETFs. It also is fourth largest ETF in three year return as compared to similar ETFs reporting about 1.15 of Three Year Return per Five Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value GraniteShares Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.GraniteShares Three Year Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
GraniteShares Gold |
| = | 12.40 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
GraniteShares Gold |
| = | 14.30 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
GraniteShares Three Year Return Comparison
GraniteShares Gold is currently under evaluation in three year return as compared to similar ETFs.
GraniteShares Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GraniteShares Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GraniteShares Gold will eventually generate negative long term returns. The profitability progress is the general direction of GraniteShares Gold's change in net profit over the period of time. It can combine multiple indicators of GraniteShares Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks to reflect generally the performance of the price of gold. Graniteshares Gold is traded on NYSEArca Exchange in the United States.
GraniteShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GraniteShares Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of GraniteShares Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the GraniteShares Gold's important profitability drivers and their relationship over time.
Use GraniteShares Gold in pair-trading
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.GraniteShares Gold Pair Trading
GraniteShares Gold Trust Pair Trading Analysis
The ability to find closely correlated positions to Travelers Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Travelers Companies 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 Travelers Companies - 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 The Travelers Companies to buy it.
The correlation of Travelers Companies 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 Travelers Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Travelers Companies 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 Travelers Companies 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.Use Investing Themes to Complement your GraniteShares Gold position
In addition to having GraniteShares Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Copper Thematic Idea Now
Copper
Companies involved in production of copper. The Copper theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Copper Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Tools for GraniteShares Etf
When running GraniteShares Gold's price analysis, check to measure GraniteShares Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GraniteShares Gold is operating at the current time. Most of GraniteShares Gold's value examination focuses on studying past and present price action to predict the probability of GraniteShares Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GraniteShares Gold's price. Additionally, you may evaluate how the addition of GraniteShares Gold to your portfolios can decrease your overall portfolio volatility.
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