Global X Solar Etf Profile
| RAYS Etf | USD 10.24 0.07 0.69% |
Performance3 of 100
| Odds Of DistressLess than 46
|
Global X is selling for under 10.24 as of the 30th of November 2024; that is 0.69 percent increase since the beginning of the trading day. The etf's lowest day price was 10.21. Global X has 46 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 Global X Solar are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets, plus borrowings for investments purposes , in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. The company has 49.97 M outstanding shares. More on Global X Solar
Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2021-09-08 |
| Benchmark | Solactive Solar Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 6.57 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | John Belanger, Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Nov |
| Exchange | NASDAQ |
| Number of Constituents | 59.0 |
| Market Maker | Jane Street |
| Total Expense | 0.5 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | (22.3) |
| Name | Global X Solar ETF |
| Currency Code | USD |
| Open Figi | BBG012DVX111 |
| In Threey Volatility | 35.73 |
| 1y Volatility | 38.56 |
| 200 Day M A | 10.7383 |
| 50 Day M A | 10.5552 |
| Code | RAYS |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Global X Solar [RAYS] is traded in USA and was established 2021-09-08. The fund is listed under Miscellaneous Sector category and is part of Global X Funds family. The entity is thematically classified as Strategy ETFs. Global X Solar at this time have 6.5 M in assets. , while the total return for the last 3 years was -26.2%.
Global X Solar currently holds about 287.87 K in cash with (2.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Global X Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Solar Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Global X Solar Currency Exposure
Global X Solar holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Global X will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Global X Solar.
Top Global X Solar Etf Constituents
| MBTN | Meyer Burger Tech | Stock | CH Stock | |
| ESEN | Esenboga Elektrik Uretim | Stock | Utilities—Renewable | |
| 603806 | Hangzhou First PV | Stock | Information Technology | |
| 002459 | JA Solar Technology | Stock | Industrials | |
| 601778 | Jinko Power Technology | Stock | Utilities | |
| 009830 | Hanwha Solutions | Stock | Materials | |
| 601012 | Xian LONGi Silicon | Stock | Information Technology | |
| SEDG | SolarEdge Technologies | Stock | Information Technology |
Global X Solar Risk Profiles
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 Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.2099 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0) |
Global X Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global X Solar. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Global X Solar is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X'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 Global X's market value can be influenced by many factors that don't directly affect Global X'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 Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X'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.