GraniteShares Etf Profile


USD 36.67  1.26  3.32%   

Market Performance
15 of 100
GraniteShares ETF is trading at 36.67 as of the 10th of December 2022. This is a -3.32 percent decrease since the beginning of the trading day. The etf's open price was 37.93. GraniteShares ETF has 50 percent odds of going through some form of financial distress in the next two years but had a very good returns during the last 90 days. Equity ratings for GraniteShares ETF Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of November 2022 and ending today, the 10th of December 2022. Click here to learn more.

GraniteShares ETF 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 ETF's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GraniteShares ETF or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
GraniteShares ETF appears to be risky and price may revert if volatility continues
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of GraniteShares ETF's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Inception Date2022-08-09
Entity TypeRegulated Investment Company
Asset TypeEquity
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorALPS Fund Services, Inc.
AdvisorGraniteShares Advisors LLC
CustodianBrown Brothers Harriman & Co.
DistributorALPS Distributors, Inc.
Portfolio ManagerBenoit Autier, Jeff Klearman
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End30-Jun
Market MakerVirtu Financial
Total Expense1.18
Management Fee0.99
Average Daily Volume In Three Month5.99k
Average Daily Volume Last 10 Day3.46k
GraniteShares ETF Trust [TSLI] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund at this time have in assets.
Check GraniteShares ETF Probability Of Bankruptcy

GraniteShares ETF Target Price Odds Analysis

In reference to a normal probability distribution, the odds of GraniteShares ETF jumping above the current price in 90 days from now is about 11.99%. The GraniteShares ETF Trust probability density function shows the probability of GraniteShares ETF etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days GraniteShares ETF Trust has a beta of -1.4556. This usually implies as returns on its benchmark rise, returns on holding GraniteShares ETF Trust are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, GraniteShares ETF is expected to outperform its benchmark. Additionally, the company has an alpha of 0.7539, implying that it can generate a 0.75 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 36.67HorizonTargetOdds Above 36.67
87.96%90 days
Based on a normal probability distribution, the odds of GraniteShares ETF to move above the current price in 90 days from now is about 11.99 (This GraniteShares ETF Trust probability density function shows the probability of GraniteShares Etf to fall within a particular range of prices over 90 days) .

GraniteShares ETF Major Institutional Holders

Institutional Holdings refers to the ownership stake in GraniteShares ETF that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of GraniteShares ETF's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing GraniteShares ETF's value.
InstituionSecurity TypeTotal SharesValue
Ubs Group AgFund Units167K
View GraniteShares ETF Diagnostics

GraniteShares ETF Trust Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. GraniteShares ETF market risk premium is the additional return an investor will receive from holding GraniteShares ETF 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 ETF. 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 ETF's alpha and beta are two of the key measurements used to evaluate GraniteShares ETF's performance over the market, the standard measures of volatility play an important role as well.

GraniteShares ETF Against Markets

Picking the right benchmark for GraniteShares ETF 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 ETF 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 ETF is critical whether you are bullish or bearish towards GraniteShares ETF Trust at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GraniteShares ETF 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.

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Invested in GraniteShares ETF Trust?

The danger of trading GraniteShares ETF Trust 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 ETF 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 ETF. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GraniteShares ETF Trust 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.
Additionally, take a look at World Market Map. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for analysis

When running GraniteShares ETF Trust price analysis, check to measure GraniteShares ETF'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 ETF is operating at the current time. Most of GraniteShares ETF's value examination focuses on studying past and present price action to predict the probability of GraniteShares ETF's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GraniteShares ETF's price. Additionally, you may evaluate how the addition of GraniteShares ETF to your portfolios can decrease your overall portfolio volatility.
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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 GraniteShares ETF value 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.