Global X Financials
| HXS-U Etf | USD 61.86 0.12 0.19% |
Net Expense Ratio 0.0011 |
Global |
The data published in Global X's official financial statements typically reflect Global X's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Global X's quantitative information. For example, before you start analyzing numbers published by Global accountants, it's essential to understand Global X's liquidity, profitability, and earnings quality within the context of the Global space in which it operates.
Please note, the imprecision that can be found in Global X's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Global X SP. Check Global X's Beneish M Score to see the likelihood of Global X's management manipulating its earnings.
Global X Etf Summary
Global X competes with First Asset, First Asset, Harvest Equal, CI Canada, and Global Dividend. Global X is entity of Canada. It is traded as Etf on TO exchange.Global X SP Systematic Risk
Global X's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Global X volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Global X SP correlated with the market. If Beta is less than 0 Global X generally moves in the opposite direction as compared to the market. If Global X Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Global X SP is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Global X is generally in the same direction as the market. If Beta > 1 Global X moves generally in the same direction as, but more than the movement of the benchmark.
Global X December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Global X help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Global X SP. We use our internally-developed statistical techniques to arrive at the intrinsic value of Global X SP based on widely used predictive technical indicators. In general, we focus on analyzing Global Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Global X's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9924 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.12 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global X SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.