(TSLR) GraniteShares 1.75x Long - Ratings and Ratios

The GraniteShares 1.75x Long TSLA Daily ETF (TSLR) is an actively managed exchange-traded fund that seeks to replicate 1.75 times the daily percentage change of Tesla (TSLA) stock through a swap agreement. The funds primary objective is to deliver 1.75 times the daily performance of TSLA for a single trading day, making it a non-diversified investment vehicle.

As a leveraged ETF, TSLR is designed for short-term trading and is not suitable for long-term investment strategies. Its performance is closely tied to the daily movements of TSLA stock, and it is expected to be highly volatile. Key performance indicators (KPIs) to monitor for TSLR include its daily tracking error, which measures the funds ability to replicate its target return, and its premium/discount to NAV, which indicates the funds market price relative to its underlying net asset value.

To evaluate TSLRs potential, we can examine its trading volume and liquidity. A liquid ETF with sufficient trading volume can provide tighter bid-ask spreads and reduce the risk of large price movements. Additionally, monitoring the funds expense ratio and comparing it to its peers can help investors understand the costs associated with investing in TSLR. Other relevant KPIs include the funds beta, which measures its systematic risk relative to the broader market, and its Sharpe ratio, which assesses its risk-adjusted returns.

Its essential to note that leveraged ETFs like TSLR are subject to compounding risk, which can result in significant deviations from their target returns over longer periods. As such, investors should closely monitor their investment and rebalance their portfolio as needed to manage risk. By focusing on the funds underlying mechanics, trading characteristics, and relevant KPIs, investors can make more informed decisions when trading TSLR.