Graniteshares Gold Trust Etf Technical Analysis
| BAR Etf | USD 23.53 0.09 0.38% |
As of the 19th of April, GraniteShares Gold retains the market risk adjusted performance of 0.4993, and Risk Adjusted Performance of 0.1978. GraniteShares Gold technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for GraniteShares Gold Trust, which can be compared to its competitors. Please check out GraniteShares Gold Trust information ratio, and the relationship between the downside deviation and value at risk to decide if GraniteShares Gold is priced fairly, providing market reflects its last-minute price of 23.53 per share.
GraniteShares Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as GraniteShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GraniteSharesGraniteShares |
GraniteShares Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
GraniteShares Gold Trust Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of GraniteShares Gold Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
GraniteShares Gold Trust Trend Analysis
Use this graph to draw trend lines for GraniteShares Gold Trust. You can use it to identify possible trend reversals for GraniteShares Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual GraniteShares Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.GraniteShares Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for GraniteShares Gold Trust applied against its price change over selected period. The best fit line has a slop of 0.07 , which may imply that GraniteShares Gold Trust will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 168.59, which is the sum of squared deviations for the predicted GraniteShares Gold price change compared to its average price change.About GraniteShares Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of GraniteShares Gold Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of GraniteShares Gold Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on GraniteShares Gold Trust price pattern first instead of the macroeconomic environment surrounding GraniteShares Gold Trust. By analyzing GraniteShares Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of GraniteShares Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to GraniteShares Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
GraniteShares Gold April 19, 2024 Technical Indicators
Most technical analysis of GraniteShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for GraniteShares from various momentum indicators to cycle indicators. When you analyze GraniteShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1978 | |||
| Market Risk Adjusted Performance | 0.4993 | |||
| Mean Deviation | 0.6095 | |||
| Semi Deviation | 0.3029 | |||
| Downside Deviation | 0.6588 | |||
| Coefficient Of Variation | 315.61 | |||
| Standard Deviation | 0.7731 | |||
| Variance | 0.5977 | |||
| Information Ratio | 0.2281 | |||
| Jensen Alpha | 0.2068 | |||
| Total Risk Alpha | 0.1617 | |||
| Sortino Ratio | 0.2677 | |||
| Treynor Ratio | 0.4893 | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.73 | |||
| Downside Variance | 0.434 | |||
| Semi Variance | 0.0918 | |||
| Expected Short fall | (0.75) | |||
| Skewness | 0.1248 | |||
| Kurtosis | (0.20) |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.