GraniteShares 1x Short ETF Technical Analysis
| CONI ETF | 43.69 -0.88 -1.97% |
According to pricing data from the 26th of April, GraniteShares trades at 43.69 per share. Quantitative signals reflect risk adjusted performance of 0.0147, and Market Risk Adjusted Performance of 0.0011. Volume-adjusted indicators are evaluated relative to historical ranges. Current technical signals are evaluated against industry dispersion.
GraniteShares Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as GraniteShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GraniteSharesGraniteShares |
GraniteShares' market price and NAV each provide useful but distinct information about the fund. The relationship between GraniteShares' cost structure, holdings, and tracking accuracy shapes the aggregate assessment.
Market price and NAV for GraniteShares can move independently over short periods. Where GraniteShares trades at any moment depends on the balance of buying and selling pressure.
What-If Analysis
Backtesting a what-if scenario on GraniteShares 1x Short shows how the etf may have behaved if the position had been entered, held, or resized under different historical assumptions. In practice, this review provides context for deciding whether GraniteShares' historical reward profile was stable enough to support the current thesis.
| 01/26/2026 |
| 04/26/2026 |
If you invested 0.00 in GraniteShares on January 26, 2026 and closed the position today, you would produce 0.00 in aggregate gains. This reflects a 0.0% cumulative return in GraniteShares in aggregate across 90 days. Related ETF peers for GraniteShares include Direxion Daily, Direxion Daily, Direxion Daily, Northern Lights, VanEck Emerging, Fidelity High, and Bitwise Funds. GraniteShares is listed within United States regulated exchanges. More
GraniteShares Upside and Downside Indicators Signals
The upside and downside context for GraniteShares captures how the ETF price has moved within recent ranges. The ratio of upside to downside range captures the prevailing momentum bias.
| Downside Deviation | 12.59 | |||
| Information Ratio | 0.005 | |||
| Maximum Drawdown | 60.09 | |||
| Value At Risk | -26.40 | |||
| Potential Upside | 14.98 |
GraniteShares Market Risk Indicators Dashboard
Return variability and drawdown behavior for GraniteShares are summarized through these risk indicators. Risk-adjusted return metrics like Sharpe or Sortino ratio normalize performance against the volatility required to achieve it.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | 0.0648 | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | -0.01 |
Experienced market participants anticipate that GraniteShares' price will even out over time. Periods when GraniteShares' deviates significantly from its historical mean may warrant further fundamental analysis. Mean reversion in GraniteShares' serves as a complement to momentum analysis.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0147 | |||
| Market Risk Adjusted Performance | 0.0011 | |||
| Mean Deviation | 7.69 | |||
| Semi Deviation | 12.38 | |||
| Downside Deviation | 12.59 | |||
| Coefficient Of Variation | 16995.7 | |||
| Standard Deviation | 10.83 | |||
| Variance | 117.4 | |||
| Information Ratio | 0.005 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | 0.0648 | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | -0.01 | |||
| Maximum Drawdown | 60.09 | |||
| Value At Risk | -26.40 | |||
| Potential Upside | 14.98 | |||
| Downside Variance | 158.59 | |||
| Semi Variance | 153.24 | |||
| Expected Short fall | -7.31 | |||
| Skewness | -0.84 | |||
| Kurtosis | 1.93 |
GraniteShares 1x Short Backtested Returns
GraniteShares remains characterized by a stable performance profile within the selected investment span. It has a Sharpe Ratio of -0.0109, which indicates that -0.0109 units of return per unit of risk over the last 3 months. We identified thirty technical indicators supporting this volatility profile. Please review metrics such as risk-adjusted performance of 0.0147, and market risk-adjusted performance of 0.0011 to assess internal risk calibration. The ETF owns a market beta of -6.07, which alludes to elevated sensitivity to broad market movements. A strongly negative beta means GraniteShares acts as a natural hedge, gaining when the broader market declines.
Auto-correlation | 0.70 |
Good predictability
Serial correlation analysis for GraniteShares 1x Short reveals good predictability across the intervals from 26th of January 2026 to 12th of March 2026 and from 12th of March 2026 to 26th of April 2026. The degree of alignment between past and current intervals shapes expectations about GraniteShares 1x Short's price persistence. At 0.7, around 70.0% of current GraniteShares price movement aligns with historical price trajectory.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 89.4 |
The model reviews GraniteShares using price movement and volume trends. Key inputs include moving averages and strength indicators.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of GraniteShares 1x Short volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of GraniteShares evaluates traded price structure, volume, and spread stability relative to NAV behavior. Oscillator extremes can precede mean reversion under certain regimes.
GraniteShares 1x Short values are built from fund disclosures and market reference feeds, with reporting definitions aligned before display.
Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board
GraniteShares Technical Indicators
Technical analysis of GraniteShares 1x Short is useful because it frames whether the current trend still looks durable or is beginning to weaken. When applied, technical indicators support timing and risk control but warrant validation against broader market and business context.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0147 | |||
| Market Risk Adjusted Performance | 0.0011 | |||
| Mean Deviation | 7.69 | |||
| Semi Deviation | 12.38 | |||
| Downside Deviation | 12.59 | |||
| Coefficient Of Variation | 16995.7 | |||
| Standard Deviation | 10.83 | |||
| Variance | 117.4 | |||
| Information Ratio | 0.005 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | 0.0648 | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | -0.01 | |||
| Maximum Drawdown | 60.09 | |||
| Value At Risk | -26.40 | |||
| Potential Upside | 14.98 | |||
| Downside Variance | 158.59 | |||
| Semi Variance | 153.24 | |||
| Expected Short fall | -7.31 | |||
| Skewness | -0.84 | |||
| Kurtosis | 1.93 |
April 26, 2026 Daily Trend Indicators
Technical analysis of GraniteShares 1x Short is useful because it frames whether the current trend still looks durable or is beginning to weaken. When applied, technical indicators support timing and risk control but warrant validation against broader market and business context.
| Accumulation Distribution | 0.06 | ||
| Daily Balance Of Power | -0.34 | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 43.76 | ||
| Day Typical Price | 43.73 | ||
| Price Action Indicator | -0.51 | ||
| Market Facilitation Index | 2.61 |