Global X Cleantech Etf Price on August 29, 2024
| CTEC Etf | USD 7.17 0.06 0.84% |
Below is the normalized historical share price chart for Global X CleanTech extending back to October 29, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Global X stands at 7.17, as last reported on the 26th of December, with the highest price reaching 7.18 and the lowest price hitting 6.84 during the day.
If you're considering investing in Global Etf, it is important to understand the factors that can impact its price. Global X CleanTech holds Efficiency (Sharpe) Ratio of -0.0993, which attests that the entity had a -0.0993% return per unit of risk over the last 3 months. Global X CleanTech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global X's Standard Deviation of 2.22, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.32) to validate the risk estimate we provide.
Global Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 36.87 | 200 Day MA 8.2188 | 1 y Volatility 35.18 | 50 Day MA 7.2223 | Inception Date 2020-10-27 |
Global |
Sharpe Ratio = -0.0993
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| Negative Returns | CTEC |
Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Global X is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Global X by adding Global X to a well-diversified portfolio.
Average Mkt Cap Mil 3.4 K |
Global X Valuation on August 29, 2024
It is possible to determine the worth of Global X on a given historical date. On August 29, 2024 Global was worth 7.91 at the beginning of the trading date compared to the closed value of 7.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global X etf. Still, in general, we apply an absolute valuation method to find Global X's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global X where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global X's related companies.
| Open | High | Low | Close | Volume | |
| 7.91 | 7.91 | 7.70 | 7.82 | 11,373 | |
08/29/2024 | 7.91 | 7.91 | 7.69 | 7.89 | 9,273 |
| 7.88 | 7.88 | 7.79 | 7.80 | 13,369 |
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Global X Trading Date Momentum on August 29, 2024
| On August 30 2024 Global X CleanTech was traded for 7.80 at the closing time. The top price for the day was 7.88 and the lowest listed price was 7.79 . The trading volume for the day was 13.4 K. The trading history from August 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.14% . The overall trading delta against the current closing price is 6.59% . |
Global X CleanTech Fundamentals Correlations and Trends
By evaluating Global X's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global X's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global X Etf history
Global X investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global X CleanTech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Global X stock prices may prove useful in developing a viable investing in Global X
The fund invests at least 80 percent of its total assets, plus borrowings for investments purposes, in the securities of the index and in ADRs, GDRs based on the securities in the index. Gx Cleantech is traded on NASDAQ Exchange in the United States.
Global X Etf Technical Analysis
Global X technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Global X Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Global X CleanTech cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Global X December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Global X etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global X shares will generate the highest return on investment. By undertsting and applying Global X etf market strength indicators, traders can identify Global X CleanTech entry and exit signals to maximize returns
Global X Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global X's price direction in advance. Along with the technical and fundamental analysis of Global Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.33) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X CleanTech. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Global X CleanTech 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.