Graniteshares Gold Trust Etf Price on April 25, 2024
| BAR Etf | USD 23.00 0.13 0.56% |
Below is the normalized historical share price chart for GraniteShares Gold Trust extending back to August 31, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of GraniteShares Gold stands at 23.00, as last reported on the 2nd of June, with the highest price reaching 23.28 and the lowest price hitting 22.92 during the day.
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. We consider GraniteShares Gold very steady. GraniteShares Gold Trust holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for GraniteShares Gold Trust, which you can use to evaluate the volatility of the entity. Please check out GraniteShares Gold's risk adjusted performance of 0.1366, and Market Risk Adjusted Performance of 0.3823 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 13.49 | 200 Day MA 20.5237 | 1 y Volatility 12.41 | 50 Day MA 22.9586 | Inception Date 2017-08-23 |
GraniteShares |
Sharpe Ratio = 0.1594
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average GraniteShares Gold is performing at about 12% 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 Gold by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Related Headline
Goosehead Insurance Headline on 25th of April 2024
Goosehead Insurance Q1 2024 Earnings Call Transcript by finance.yahoo.com
GSHD earnings call for the period ending March 31, 2024.
GraniteShares Gold Valuation on April 25, 2024
It is possible to determine the worth of GraniteShares Gold on a given historical date. On April 25, 2024 GraniteShares was worth 22.9 at the beginning of the trading date compared to the closed value of 23.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares Gold etf. Still, in general, we apply an absolute valuation method to find GraniteShares Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GraniteShares Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares Gold's related companies.
| Open | High | Low | Close | Volume | |
| 22.94 | 23.10 | 22.89 | 22.92 | 601,545 | |
04/25/2024 | 22.90 | 23.18 | 22.89 | 23.06 | 1,193,934 |
| 23.13 | 23.17 | 23.01 | 23.12 | 676,637 |
| Backtest GraniteShares Gold | | | GraniteShares Gold History | | | GraniteShares Gold Valuation | Previous | Next |
GraniteShares Gold Trading Date Momentum on April 25, 2024
| On April 26 2024 GraniteShares Gold Trust was traded for 23.12 at the closing time. Highest GraniteShares Gold's price during the trading hours was 23.17 and the lowest price during the day was 23.01 . The net volume was 676.6 K. The overall trading history on the 26th of April contributed to the next trading period price gain. The overall trading delta to the next next day price was 0.26% . The overall trading delta to current price is 0.35% . |
GraniteShares Gold Trust Fundamentals Correlations and Trends
By evaluating GraniteShares Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GraniteShares Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GraniteShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About GraniteShares Gold Etf history
GraniteShares Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GraniteShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GraniteShares Gold Trust will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GraniteShares Gold stock prices may prove useful in developing a viable investing in GraniteShares Gold
GraniteShares Gold Etf Technical Analysis
GraniteShares Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
GraniteShares Gold Period Price Range
Low | April 25, 2024
| High |
22.90 | 23.06 |
GraniteShares Gold June 2, 2024 Market Strength
Market strength indicators help investors to evaluate how GraniteShares Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GraniteShares Gold shares will generate the highest return on investment. By undertsting and applying GraniteShares Gold etf market strength indicators, traders can identify GraniteShares Gold Trust entry and exit signals to maximize returns
GraniteShares Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GraniteShares Gold's price direction in advance. Along with the technical and fundamental analysis of GraniteShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of GraniteShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1366 | |||
| Jensen Alpha | 0.1803 | |||
| Total Risk Alpha | 0.1437 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | 0.3723 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares Gold Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the GraniteShares Gold Trust information on this page should be used as a complementary analysis to other GraniteShares Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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.