Global X Funds Etf Profile
| SHLD Etf | USD 39.32 0.09 0.23% |
Performance8 of 100
| Odds Of DistressLess than 31
|
Global X is trading at 39.32 as of the 30th of November 2024, a 0.23 percent up since the beginning of the trading day. The etf's lowest day price was 39.1. Global X has about a 31 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Global X Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The investment seeks to provide investment results that track the performance of the Nasdaq Yewno Aerospace Defense IndexTM before fees and expenses. Victoryshares Protect is listed under Diversified Wholesale And Retail in the United States and is traded on NYSEArca Exchange exchange.. The company has 108.99 M outstanding shares of which 20.31 M shares are at this time shorted by private and institutional investors with about 6.5 trading days to cover. More on Global X Funds
Moving together with Global Etf
| 0.9 | VGT | Vanguard Information | PairCorr |
| 0.87 | XLK | Technology Select Sector | PairCorr |
| 0.9 | IYW | iShares Technology ETF | PairCorr |
| 0.67 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.87 | CIBR | First Trust NASDAQ | PairCorr |
Moving against Global Etf
Global Etf Highlights
| Thematic Ideas | Showing 3 out of 4 themes |
| Business Concentration | NASDAQ Composite Total, Sector ETFs, Impulse, Macroaxis Picks, Industrials ETFs, Technology, Victory Capital, Department Stores, Consumer Cyclical (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2023-09-11 |
| Benchmark | Global X Defense Tech Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 763.11 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | SEI Investments Global Funds Services |
| Advisor | Global X Management Company LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Nam To, Wayne Xie, Vanessa Yang, Sandy Lu |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 46.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.5 |
| Management Fee | 0.5 |
| 200 Day M A | 36.597 |
| Country Name | USA |
| 50 Day M A | 38.5628 |
| Code | SHLD |
| Updated At | 29th of November 2024 |
| Returns Y T D | 41.08 |
| Name | Global X Funds |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01J6K2R13 |
| Type | ETF |
| 1y Volatility | 13.54 |
Global X Funds [SHLD] is traded in USA and was established 2020-11-04. The fund is listed under Technology category and is part of Victory Capital family. The entity is thematically classified as Sector ETFs. Global X Funds at this time have 3.33 M in assets. , while the total return for the last year was 45.5%.
Global X Funds currently holds about 193 M in cash with (1.74 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -13.7278.
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 Funds 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 Funds Currency Exposure
Global X Funds 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 Funds.
Top Global X Funds Etf Constituents
| BA | The Boeing | Stock | Industrials | |
| GD | General Dynamics | Stock | Industrials | |
| GE | GE Aerospace | Stock | Industrials | |
| HII | Huntington Ingalls Industries | Stock | Industrials | |
| J | Jacobs Solutions | Stock | Industrials | |
| LDOS | Leidos Holdings | Stock | Information Technology | |
| LMT | Lockheed Martin | Stock | Industrials | |
| NOC | Northrop Grumman | Stock | Industrials |
Global X Top Holders
| XRT | SPDR Series Trust | Etf | MX Etf | |
| XRT | SPDR SP Retail | Etf | Consumer Cyclical |
Global X Funds 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 | 0.0691 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.03) |
Global X Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Global X Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Global X Funds 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.