Graniteshares Bloomberg Commodity Etf One Year Return
| COMB Etf | USD 20.40 0.04 0.20% |
GraniteShares Bloomberg Commodity fundamentals help investors to digest information that contributes to GraniteShares Bloomberg's financial success or failures. It also enables traders to predict the movement of GraniteShares Etf. The fundamental analysis module provides a way to measure GraniteShares Bloomberg's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GraniteShares Bloomberg etf.
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GraniteShares Bloomberg Commodity ETF One Year Return Analysis
GraniteShares Bloomberg's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current GraniteShares Bloomberg One Year Return | (0.70) % |
Most of GraniteShares Bloomberg's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GraniteShares Bloomberg Commodity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, GraniteShares Bloomberg Commodity has an One Year Return of -0.7%. This is much lower than that of the Graniteshares family and significantly lower than that of the Commodities Broad Basket category. The one year return for all United States etfs is notably higher than that of the company.
GraniteShares One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GraniteShares Bloomberg's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of GraniteShares Bloomberg could also be used in its relative valuation, which is a method of valuing GraniteShares Bloomberg by comparing valuation metrics of similar companies.GraniteShares Bloomberg is currently under evaluation in one year return as compared to similar ETFs.
GraniteShares Fundamentals
| Number Of Employees | 530 | |||
| Beta | 1.0 | |||
| Total Asset | 279.9 M | |||
| One Year Return | (0.70) % | |||
| Three Year Return | 8.20 % | |||
| Five Year Return | 6.30 % | |||
| Net Asset | 279.9 M | |||
| Last Dividend Paid | 0.36 |
About GraniteShares Bloomberg Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares Bloomberg Commodity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares Bloomberg using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares Bloomberg Commodity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GraniteShares Bloomberg in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GraniteShares Bloomberg's short interest history, or implied volatility extrapolated from GraniteShares Bloomberg options trading.
Pair Trading with GraniteShares Bloomberg
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GraniteShares Bloomberg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GraniteShares Bloomberg will appreciate offsetting losses from the drop in the long position's value.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 Sell-off Trend | PairCorr |
| 0.94 | COMT | iShares GSCI Commodity | PairCorr |
| 0.91 | GSG | iShares SP GSCI | PairCorr |
Moving against GraniteShares Etf
| 0.67 | YCL | ProShares Ultra Yen | PairCorr |
| 0.61 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to GraniteShares Bloomberg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares Bloomberg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GraniteShares Bloomberg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GraniteShares Bloomberg Commodity to buy it.
The correlation of GraniteShares Bloomberg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares Bloomberg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares Bloomberg moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GraniteShares Bloomberg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out GraniteShares Bloomberg Piotroski F Score and GraniteShares Bloomberg Altman Z Score analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.