GraniteShares Financials
| 3SME Etf | 17.58 0.11 0.62% |
3 y Sharp Ratio (0.65) |
GraniteShares |
The data published in GraniteShares' official financial statements typically reflect GraniteShares' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving GraniteShares' quantitative information. For example, before you start analyzing numbers published by GraniteShares accountants, it's essential to understand GraniteShares' liquidity, profitability, and earnings quality within the context of the Trading - Leveraged/Inverse Equity space in which it operates.
Please note, the imprecision that can be found in GraniteShares' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of GraniteShares 3x Short. Check GraniteShares' Beneish M Score to see the likelihood of GraniteShares' management manipulating its earnings.
GraniteShares Etf Summary
GraniteShares competes with WisdomTree Natural, Leverage Shares, WisdomTree Natural, WisdomTree, and GraniteShares. GraniteShares is entity of United Kingdom. It is traded as Etf on LSE exchange.GraniteShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining GraniteShares's current stock value. Our valuation model uses many indicators to compare GraniteShares value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across GraniteShares competition to find correlations between indicators driving GraniteShares's intrinsic value. More Info.GraniteShares 3x Short is rated below average in one year return as compared to similar ETFs. It is rated below average in three year return as compared to similar ETFs reporting about 0.22 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for GraniteShares 3x Short is roughly 4.57 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the GraniteShares' earnings, one of the primary drivers of an investment's value.GraniteShares 3x Short Systematic Risk
GraniteShares' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. GraniteShares volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on GraniteShares 3x Short correlated with the market. If Beta is less than 0 GraniteShares generally moves in the opposite direction as compared to the market. If GraniteShares Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one GraniteShares 3x Short is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of GraniteShares is generally in the same direction as the market. If Beta > 1 GraniteShares moves generally in the same direction as, but more than the movement of the benchmark.
GraniteShares November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of GraniteShares help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of GraniteShares 3x Short. We use our internally-developed statistical techniques to arrive at the intrinsic value of GraniteShares 3x Short based on widely used predictive technical indicators. In general, we focus on analyzing GraniteShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build GraniteShares's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.14 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.04 | |||
| Value At Risk | (6.76) | |||
| Potential Upside | 5.63 |
Other Information on Investing in GraniteShares Etf
GraniteShares financial ratios help investors to determine whether GraniteShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GraniteShares with respect to the benefits of owning GraniteShares security.