Graniteshares Etf Trust Etf Performance
| CONL Etf | USD 40.34 4.18 9.39% |
The etf retains a Market Volatility (i.e., Beta) of 6.43, 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 ETF will likely underperform.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares ETF Trust are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, GraniteShares ETF disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
GraniteShares |
GraniteShares ETF Relative Risk vs. Return Landscape
If you would invest 2,710 in GraniteShares ETF Trust on February 11, 2024 and sell it today you would earn a total of 1,324 from holding GraniteShares ETF Trust or generate 48.86% return on investment over 90 days. GraniteShares ETF Trust is currently generating 1.238% in daily expected returns and assumes 11.3649% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than GraniteShares, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
GraniteShares ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares ETF Trust, and traders can use it to determine the average amount a GraniteShares ETF's 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 = 0.1089
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | CONL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.36 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.24 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average GraniteShares ETF is performing at about 8% 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 ETF by adding it to a well-diversified portfolio.
About GraniteShares ETF Performance
To evaluate GraniteShares ETF Trust Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when GraniteShares ETF generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare GraniteShares Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand GraniteShares ETF Trust market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents GraniteShares's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.GraniteShares ETF Trust - GraniteShares 1.5x Long COIN Daily ETF is an exchange traded fund launched by GraniteShares Inc. Graniteshares 15X is traded on NYSEArca Exchange in the United States.| GraniteShares ETF is way too risky over 90 days horizon | |
| GraniteShares ETF appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares ETF 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 board of governors. For more information on how to buy GraniteShares Etf please use our How to buy in GraniteShares Etf guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of GraniteShares ETF 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares ETF'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 ETF's market value can be influenced by many factors that don't directly affect GraniteShares ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares ETF'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.