Graniteshares 2x Long Etf Profile
| AMDL Etf | 10.10 0.13 1.30% |
Performance0 of 100
| Odds Of DistressLess than 9
|
GraniteShares is selling for 10.10 as of the 30th of November 2024. This is a 1.30 percent increase since the beginning of the trading day. The etf's lowest day price was 9.88. GraniteShares has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for GraniteShares 2x Long are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
GraniteShares is entity of United States. It is traded as Etf on NASDAQ exchange. More on GraniteShares 2x Long
Moving against GraniteShares Etf
GraniteShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Single Stock ETFs, Strategy ETFs, Trading--Leveraged Equity (View all Sectors) |
| Issuer | GraniteShares |
| Inception Date | 2024-03-04 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 192.26 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Single Stock |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | GraniteShares Advisors LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Benoit Autier, Jeff Klearman |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Jun |
| Exchange | NASDAQ |
| Market Maker | IMC |
| Total Expense | 1.18 |
| Management Fee | 0.99 |
| Country Name | USA |
| Code | AMDL |
| Updated At | 29th of November 2024 |
| Name | GraniteShares 2x Long AMD Daily ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01LNWKBD5 |
| Type | ETF |
GraniteShares 2x Long [AMDL] is traded in USA and was established null. The fund is listed under Trading--Leveraged Equity. The entity is thematically classified as Single Stock ETFs. GraniteShares 2x Long presently have in assets under management (AUM).
Check GraniteShares Probability Of Bankruptcy
GraniteShares 2x Long Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in GraniteShares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.06) |
GraniteShares Against Markets
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.