Graniteshares 175x Long Etf Profile
| BABX Etf | 15.78 0.87 5.23% |
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GraniteShares 175x is trading at 15.78 as of the 8th of May 2024; that is -5.23 percent down since the beginning of the trading day. The etf's open price was 16.65. GraniteShares 175x has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for GraniteShares 175x Long are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of February 2024 and ending today, the 8th of May 2024. Click here to learn more.
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 175x's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GraniteShares 175x or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Single Stock ETFs (View all Sectors) |
| Issuer | GraniteShares |
| Inception Date | 2022-12-13 |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Single Stock |
| Market Concentration | Emerging Markets |
| Region | Global |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | GraniteShares Advisors LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Benoit Autier, Jeff Klearman |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Jun |
| Exchange | NASDAQ |
| Market Maker | IMC |
| Total Expense | 1.18 |
| Management Fee | 0.99 |
| 200 Day M A | 16.992 |
| Country Name | USA |
| 50 Day M A | 13.8753 |
| Code | BABX |
| Updated At | 7th of May 2024 |
| Name | GraniteShares 1.75x Long BABA Daily ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01BWDFNB1 |
| Type | ETF |
GraniteShares 175x Long [BABX] is traded in USA and was established null. The fund is not filed under any group at this time. The fund currently have in assets under management (AUM).
Check GraniteShares 175x Probability Of Bankruptcy
GraniteShares 175x Target Price Odds Analysis
Based on a normal probability distribution, the odds of GraniteShares 175x jumping above the current price in 90 days from now is under 4%. The GraniteShares 175x Long probability density function shows the probability of GraniteShares 175x etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 2.4514 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, GraniteShares 175x will likely underperform. Additionally, graniteShares 175x Long has an alpha of 0.1781, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of GraniteShares 175x to move above the current price in 90 days from now is under 4 (This GraniteShares 175x Long probability density function shows the probability of GraniteShares Etf to fall within a particular range of prices over 90 days) .
GraniteShares 175x Long Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. GraniteShares 175x market risk premium is the additional return an investor will receive from holding GraniteShares 175x 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 175x. 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 175x's alpha and beta are two of the key measurements used to evaluate GraniteShares 175x's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0597 | |||
| Jensen Alpha | 0.1781 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.055 |
GraniteShares 175x Against Markets
Picking the right benchmark for GraniteShares 175x 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 175x 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 175x is critical whether you are bullish or bearish towards GraniteShares 175x Long at a given time. Please also check how GraniteShares 175x's historical prices are related to one of the top price index indicators.
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How to buy GraniteShares Etf?
Before investing in GraniteShares 175x, 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 175x. To buy GraniteShares 175x etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of GraniteShares 175x. 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 175x etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located GraniteShares 175x Long 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 175x Long 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 175x Long, 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 175x guide.
Already Invested in GraniteShares 175x Long?
The danger of trading GraniteShares 175x Long 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 175x 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 175x. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GraniteShares 175x Long 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 175x Long is a strong investment it is important to analyze GraniteShares 175x'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 175x'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 175x Long. 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 labor statistics. Note that the GraniteShares 175x Long information on this page should be used as a complementary analysis to other GraniteShares 175x'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of GraniteShares 175x Long 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 175x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 175x'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 175x's market value can be influenced by many factors that don't directly affect GraniteShares 175x'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 175x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 175x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 175x'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.