Graniteshares Gold Trust Etf Price on November 25, 2024
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. Currently, GraniteShares Gold Trust is very steady. GraniteShares Gold Trust holds Efficiency (Sharpe) Ratio of 0.0438, which attests that the entity had a 0.0438% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for GraniteShares Gold Trust, which you can use to evaluate the volatility of the entity. Please check out GraniteShares Gold's market risk adjusted performance of (0.12), and Risk Adjusted Performance of 0.0346 to validate if the risk estimate we provide is consistent with the expected return of 0.0445%.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
GraniteShares |
Sharpe Ratio = 0.0438
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average GraniteShares Gold is performing at about 3% 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
GraniteShares Gold Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
GraniteShares Gold Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
GraniteShares Gold December 13, 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 | 0.0346 | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.13) |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Tools for GraniteShares Etf
When running GraniteShares Gold's price analysis, check to measure GraniteShares Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GraniteShares Gold is operating at the current time. Most of GraniteShares Gold's value examination focuses on studying past and present price action to predict the probability of GraniteShares Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GraniteShares Gold's price. Additionally, you may evaluate how the addition of GraniteShares Gold to your portfolios can decrease your overall portfolio volatility.
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