Graniteshares Hips High Etf Performance
| HIPS Etf | USD 13.13 0.05 0.38% |
The etf retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GraniteShares HIPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares HIPS is expected to be smaller as well.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in GraniteShares HIPS High are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, GraniteShares HIPS is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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| In Threey Sharp Ratio | 0.10 |
GraniteShares |
GraniteShares HIPS Relative Risk vs. Return Landscape
If you would invest 1,245 in GraniteShares HIPS High on June 26, 2024 and sell it today you would earn a total of 68.00 from holding GraniteShares HIPS High or generate 5.46% return on investment over 90 days. GraniteShares HIPS High is currently generating 0.0885% in daily expected returns and assumes 0.7415% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% 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 HIPS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares HIPS's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares HIPS High, and traders can use it to determine the average amount a GraniteShares HIPS'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 = 0.1194
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| Cash | HIPS | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average GraniteShares HIPS is performing at about 9% 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 HIPS by adding it to a well-diversified portfolio.
GraniteShares HIPS Fundamentals Growth
GraniteShares Etf prices reflect investors' perceptions of the future prospects and financial health of GraniteShares HIPS, and GraniteShares HIPS 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.
| Price To Earning | 17.95 X | |||
| Price To Book | 1.35 X | |||
| Price To Sales | 1.41 X | |||
| Total Asset | 62.19 M | |||
About GraniteShares HIPS Performance
Assessing GraniteShares HIPS's fundamental ratios provides investors with valuable insights into GraniteShares HIPS's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the GraniteShares HIPS is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund employs a passive management-or indexing-investment approach designed to track the performance of the index. Graniteshares is traded on NYSEARCA Exchange in the United States.| The fund retains about 15.85% of its assets under management (AUM) in fixed income securities |
Additional Information and Resources on Investing in GraniteShares Etf
When determining whether GraniteShares HIPS High is a strong investment it is important to analyze GraniteShares HIPS'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 HIPS's future performance. For an informed investment choice regarding GraniteShares Etf, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GraniteShares HIPS High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of GraniteShares HIPS High 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 HIPS's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares HIPS'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 HIPS's market value can be influenced by many factors that don't directly affect GraniteShares HIPS'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 HIPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares HIPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares HIPS'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.