Graniteshares Bloomberg Commodity Etf Profile
| COMB Etf | USD 20.61 0.21 1.03% |
Performance14 of 100
| Odds Of DistressLess than 9
|
GraniteShares Bloomberg is trading at 20.61 as of the 19th of April 2024, a 1.03 percent increase since the beginning of the trading day. The etf's open price was 20.4. GraniteShares Bloomberg has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for GraniteShares Bloomberg Commodity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund is an actively managed ETF that seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. Commodity Broad is traded on NYSEARCA Exchange in the United States. More on GraniteShares Bloomberg Commodity
Moving together with GraniteShares Etf
| 0.98 | PDBC | Invesco Optimum Yield | PairCorr |
| 0.94 | FTGC | First Trust Global | PairCorr |
| 0.98 | DBC | Invesco DB Commodity | PairCorr |
| 0.94 | COMT | iShares GSCI Commodity | PairCorr |
| 0.91 | GSG | iShares SP GSCI | PairCorr |
| 1.0 | DJP | iPath Bloomberg Commodity | PairCorr |
| 0.98 | BCI | abrdn Bloomberg All | PairCorr |
Moving against GraniteShares Etf
| 0.67 | YCL | ProShares Ultra Yen | PairCorr |
| 0.61 | FXY | Invesco CurrencyShares | PairCorr |
GraniteShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. GraniteShares Bloomberg's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GraniteShares Bloomberg or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Broad Commodities ETFs (View all Themes) |
| Business Concentration | BEL All Share, Broad Commodities ETFs, Commodities Broad Basket, Graniteshares, Banking (View all Sectors) |
| Issuer | GraniteShares |
| Inception Date | 2017-05-22 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Average Trading Valume | 33,140.2 |
| Asset Type | Commodities |
| Category | Broad Commodities |
| Focus | Broad Commodities |
| Market Concentration | Blended Development |
| Region | Global |
| 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 | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 27.0 |
| Market Maker | Jane Street |
| Total Expense | 0.25 |
| Management Fee | 0.25 |
| Country Name | USA |
| Returns Y T D | 5.2 |
| Name | GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF |
| Currency Code | USD |
| Open Figi | BBG00GQVSDT7 |
| In Threey Volatility | 15.71 |
| 1y Volatility | 11.2 |
| 200 Day M A | 20.6568 |
| 50 Day M A | 19.6719 |
| Code | COMB |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.41 |
GraniteShares Bloomberg Commodity [COMB] is traded in USA and was established 2017-05-19. The fund is listed under Commodities Broad Basket category and is part of Graniteshares family. The entity is thematically classified as Broad Commodities ETFs. GraniteShares Bloomberg currently have 279.9 M in assets under management (AUM). , while the total return for the last 3 years was 8.2%.
Check GraniteShares Bloomberg Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on GraniteShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding GraniteShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as GraniteShares Bloomberg Commodity Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top GraniteShares Bloomberg Commodity Etf Constituents
GraniteShares Bloomberg Target Price Odds Analysis
What are GraniteShares Bloomberg's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of GraniteShares Bloomberg jumping above the current price in 90 days from now is roughly 2.38%. The GraniteShares Bloomberg Commodity probability density function shows the probability of GraniteShares Bloomberg etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days GraniteShares Bloomberg has a beta of 0.109 suggesting as returns on the market go up, GraniteShares Bloomberg average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GraniteShares Bloomberg Commodity will be expected to be much smaller as well. Additionally, graniteShares Bloomberg Commodity has an alpha of 0.0763, implying that it can generate a 0.0763 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of GraniteShares Bloomberg to move above the current price in 90 days from now is roughly 2.38 (This GraniteShares Bloomberg Commodity probability density function shows the probability of GraniteShares Etf to fall within a particular range of prices over 90 days) .
GraniteShares Bloomberg Top Holders
| IGOAX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity |
| IGOIX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity |
| IGOCX | Rational Inflation Growth | Mutual Fund | Allocation--50% to 70% Equity |
GraniteShares Bloomberg Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. GraniteShares Bloomberg market risk premium is the additional return an investor will receive from holding GraniteShares Bloomberg long position in a well-diversified portfolio. 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 Bloomberg. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although GraniteShares Bloomberg's alpha and beta are two of the key measurements used to evaluate GraniteShares Bloomberg's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.0763 | |||
| Total Risk Alpha | 0.0298 | |||
| Sortino Ratio | 0.0451 |
GraniteShares Bloomberg Against Markets
Picking the right benchmark for GraniteShares Bloomberg etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in GraniteShares Bloomberg etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for GraniteShares Bloomberg is critical whether you are bullish or bearish towards GraniteShares Bloomberg Commodity at a given time. Please also check how GraniteShares Bloomberg's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in GraniteShares Bloomberg without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy GraniteShares Etf?
Before investing in GraniteShares Bloomberg, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in GraniteShares Bloomberg. To buy GraniteShares Bloomberg etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of GraniteShares Bloomberg. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase GraniteShares Bloomberg etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located GraniteShares Bloomberg Commodity etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased GraniteShares Bloomberg Commodity etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as GraniteShares Bloomberg Commodity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy GraniteShares Etf please use our How to Invest in GraniteShares Bloomberg guide.
Already Invested in GraniteShares Bloomberg Commodity?
The danger of trading GraniteShares Bloomberg Commodity is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GraniteShares Bloomberg is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GraniteShares Bloomberg. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GraniteShares Bloomberg is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether GraniteShares Bloomberg offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GraniteShares Bloomberg's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Graniteshares Bloomberg Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Graniteshares Bloomberg Commodity Etf: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares Bloomberg Commodity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of GraniteShares Bloomberg 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 Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Bloomberg'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 Bloomberg's market value can be influenced by many factors that don't directly affect GraniteShares Bloomberg'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 Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Bloomberg'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.