Graniteshares Bloomberg Commodity Etf Performance
| COMB Etf | USD 20.67 0.06 0.29% |
The etf retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GraniteShares Bloomberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares Bloomberg is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares Bloomberg Commodity are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong primary indicators, GraniteShares Bloomberg is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | GraniteShares Founder Gives You New Tools To Make Money - Investors Business Daily | 03/08/2024 |
| In Threey Sharp Ratio | 0.41 |
GraniteShares |
GraniteShares Bloomberg Relative Risk vs. Return Landscape
If you would invest 1,951 in GraniteShares Bloomberg Commodity on January 31, 2024 and sell it today you would earn a total of 116.00 from holding GraniteShares Bloomberg Commodity or generate 5.95% return on investment over 90 days. GraniteShares Bloomberg Commodity is currently generating 0.0946% in daily expected returns and assumes 0.5324% risk (volatility on return distribution) over the 90 days horizon. In different words, 4% of etfs are less volatile than GraniteShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
GraniteShares Bloomberg Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares Bloomberg's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares Bloomberg Commodity, and traders can use it to determine the average amount a GraniteShares Bloomberg's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1777
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | COMB | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average GraniteShares Bloomberg is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GraniteShares Bloomberg by adding it to a well-diversified portfolio.
GraniteShares Bloomberg Fundamentals Growth
GraniteShares Etf prices reflect investors' perceptions of the future prospects and financial health of GraniteShares Bloomberg, and GraniteShares Bloomberg fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GraniteShares Etf performance.
| Total Asset | 279.9 M | |||
About GraniteShares Bloomberg Performance
To evaluate GraniteShares Bloomberg Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when GraniteShares Bloomberg generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare GraniteShares Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand GraniteShares Bloomberg market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents GraniteShares's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund is an actively managed ETF that seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. Commodity Broad is traded on NYSEARCA Exchange in the United States.| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GraniteShares Bloomberg Commodity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.