GraniteShares Financials
| TSLI Etf | USD 19.98 0.00 0.00% |
GraniteShares |
The data published in GraniteShares' official financial statements usually reflect GraniteShares' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of GraniteShares. For example, before you start analyzing numbers published by GraniteShares accountants, it's critical to develop an understanding of what GraniteShares' liquidity, profitability, and earnings quality are in the context of the GraniteShares space in which it operates.
Please note, the presentation of GraniteShares' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, GraniteShares' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, 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. Please utilize our Beneish M Score to check the likelihood of GraniteShares' management manipulating its earnings.
GraniteShares Etf Summary
GraniteShares competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, and Vanguard Value. GraniteShares ETF Trust - GraniteShares 2x Long NIO Daily ETF is an exchange traded fund launched by GraniteShares Inc. Graniteshares is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| Region | Others |
| Investment Issuer | Others |
| Business Address | 205 Hudson Street |
| Benchmark | NYSE Composite |
| Phone | 646 876 5096 |
| Currency | USD - US Dollar |
GraniteShares Market Pulse
| Quote | 19.98 |
| Change(%) | 0.00 |
| Change | 0.00 |
| Open | 19.98 |
| Low | 19.98 |
| High | 19.98 |
| Volume | 0 |
| Exchange | NASDAQ |
About GraniteShares Financials
What exactly are GraniteShares Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include GraniteShares' income statement, its balance sheet, and the statement of cash flows. Potential GraniteShares investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although GraniteShares investors may use each financial statement separately, they are all related. The changes in GraniteShares's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on GraniteShares's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze GraniteShares Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as GraniteShares is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of GraniteShares has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if GraniteShares' financials are consistent with your investment objective using the following steps:- Review GraniteShares' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand GraniteShares' liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare GraniteShares' financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if GraniteShares' stock is overvalued or undervalued.
GraniteShares April 24, 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. We use our internally-developed statistical techniques to arrive at the intrinsic value of GraniteShares 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.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 3.89 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of GraniteShares 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.