Graniteshares Gold Trust Etf Profile
| BAR Etf | USD 22.92 0.04 0.17% |
Performance21 of 100
| Odds Of DistressLess than 9
|
GraniteShares Gold is selling at 22.92 as of the 25th of April 2024; that is -0.17 percent decrease since the beginning of the trading day. The etf's lowest day price was 22.89. GraniteShares Gold has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for GraniteShares Gold Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
The investment seeks to reflect generally the performance of the price of gold. Graniteshares Gold is traded on NYSEArca Exchange in the United States. More on GraniteShares Gold Trust
Moving together with GraniteShares Etf
| 1.0 | GLD | SPDR Gold Shares Potential Growth | PairCorr |
| 1.0 | IAU | iShares Gold Trust Sell-off Trend | PairCorr |
| 0.98 | SLV | iShares Silver Trust | PairCorr |
| 1.0 | GLDM | SPDR Gold MiniShares Sell-off Trend | PairCorr |
| 1.0 | SGOL | abrdn Physical Gold Sell-off Trend | PairCorr |
| 0.89 | USO | United States Oil | PairCorr |
| 0.94 | DBA | Invesco DB Agriculture | PairCorr |
Moving against GraniteShares Etf
| 0.85 | HUM | Humana Inc Financial Report 7th of August 2024 | PairCorr |
| 0.56 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.42 | FNGD | MicroSectors FANG Index | 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 Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GraniteShares Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jan Witte |
| Old Names | [Balmoral Resources Ltd, Barnes & Noble Inc, Barnes & Noble Inc, Barnes & Noble Inc, Barnes & Noble Inc, Barnes & Noble Inc, Barra Resources Limited] |
| Business Concentration | Commodities Focused, Graniteshares (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 12.6 |
| Name | GraniteShares Gold Trust |
| Currency Code | USD |
| In Threey Volatility | 14.07 |
| 1y Volatility | 12.29 |
| 200 Day M A | 19.9731 |
| 50 Day M A | 21.538 |
| Code | BAR |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.49 |
| Type | ETF |
GraniteShares Gold Trust [BAR] is traded in USA and was established 2017-08-23. The fund is classified under Commodities Focused category within Graniteshares family. GraniteShares Gold Trust currently have 831.6 M in assets under management (AUM). , while the total return for the last 3 years was 9.1%.
Check GraniteShares Gold 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 Gold Trust 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 Gold Trust Etf Constituents
| Physical Gold Bullion | 100% |
| GOLD TRUST | 100% |
GraniteShares Gold Target Price Odds Analysis
In regard to a normal probability distribution, the odds of GraniteShares Gold jumping above the current price in 90 days from now is about 9.34%. The GraniteShares Gold Trust probability density function shows the probability of GraniteShares Gold etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon GraniteShares Gold has a beta of 0.3192 suggesting as returns on the market go up, GraniteShares Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GraniteShares Gold Trust will be expected to be much smaller as well. Additionally, graniteShares Gold Trust has an alpha of 0.1716, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of GraniteShares Gold to move above the current price in 90 days from now is about 9.34 (This GraniteShares Gold Trust probability density function shows the probability of GraniteShares Etf to fall within a particular range of prices over 90 days) .
GraniteShares Gold Top Holders
| RPAR | RPAR Risk Parity | Etf | Moderately Conservative Allocation |
| TESGX | Templeton Global Smaller | Mutual Fund | World Small/Mid Stock |
| TFSCX | Foreign Smaller Panies | Mutual Fund | Foreign Small/Mid Blend |
| VINEX | Vanguard International Explorer | Mutual Fund | Foreign Small/Mid Growth |
| VEITX | Vela International | Mutual Fund | Foreign Large Blend |
GraniteShares Gold Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. GraniteShares Gold market risk premium is the additional return an investor will receive from holding GraniteShares Gold 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 Gold. 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 Gold's alpha and beta are two of the key measurements used to evaluate GraniteShares Gold's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.161 | |||
| Jensen Alpha | 0.1716 | |||
| Total Risk Alpha | 0.0865 | |||
| Sortino Ratio | 0.1473 |
GraniteShares Gold Against Markets
Picking the right benchmark for GraniteShares Gold 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 Gold 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 Gold is critical whether you are bullish or bearish towards GraniteShares Gold Trust at a given time. Please also check how GraniteShares Gold'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 Gold 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 Gold, 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 Gold. To buy GraniteShares Gold etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of GraniteShares Gold. 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 Gold etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located GraniteShares Gold Trust 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 Gold Trust 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 Gold Trust, 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 Gold guide.
Already Invested in GraniteShares Gold Trust?
The danger of trading GraniteShares Gold 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 Gold 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 Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GraniteShares Gold 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.
When determining whether GraniteShares Gold Trust is a strong investment it is important to analyze GraniteShares Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GraniteShares Gold's future performance. For an informed investment choice regarding GraniteShares Etf, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares Gold Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the GraniteShares Gold Trust information on this page should be used as a complementary analysis to other GraniteShares Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of GraniteShares Gold 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Gold'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 Gold's market value can be influenced by many factors that don't directly affect GraniteShares Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Gold'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.