GraniteShares 2x Long ETF Statistic Functions Beta
| AMDL ETF | 12.32 -0.01 -0.08% |
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This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on GraniteShares 2x Long correlated with the market. If Beta is less than 0 GraniteShares generally moves in the opposite direction as compared to the market. If GraniteShares Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one GraniteShares 2x Long is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of GraniteShares is generally in the same direction as the market. If Beta > 1 GraniteShares moves generally in the same direction as, but more than the movement of the benchmark.
GraniteShares Technical Analysis Modules
Technical indicators for GraniteShares help quantify what price charts suggest visually - whether momentum is building, fading, or reversing. Momentum readings near extremes for GraniteShares may indicate overbought or oversold conditions worth monitoring.| Cycle Indicators | ||
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Methodology, Assumptions & Data Sources
This chart follows GraniteShares's Statistic Functions across recent years. Comparing against peers in the same sector adds useful context.
GraniteShares 2x Long metrics are compiled from fund disclosures and market reference feeds and normalized before display. Not all fields update in real time.