Global X Enhanced Etf Performance
| HEP Etf | CAD 27.43 0.20 0.73% |
The etf retains a Market Volatility (i.e., Beta) of -0.0896, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global X are expected to decrease at a much lower rate. During the bear market, Global X is likely to outperform the market.
Risk-Adjusted Performance
1 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Global X Enhanced are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Global X is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.45 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 2,697 in Global X Enhanced on September 2, 2024 and sell it today you would earn a total of 46.00 from holding Global X Enhanced or generate 1.71% return on investment over 90 days. Global X Enhanced is generating 0.0459% of daily returns assuming 1.9633% volatility of returns over the 90 days investment horizon. Simply put, 17% of all etfs have less volatile historical return distribution than Global X, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Global X Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Global X Enhanced, and traders can use it to determine the average amount a Global X's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0234
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HEP |
Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Global X is performing at about 1% of its full potential. 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 it to a well-diversified portfolio.
Global X Fundamentals Growth
Global Etf prices reflect investors' perceptions of the future prospects and financial health of Global X, and Global X fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Etf performance.
| Price To Earning | 35.68 X | |||
| Price To Book | 1.59 X | |||
| Price To Sales | 3.20 X | |||
| Total Asset | 67.05 M | |||
About Global X Performance
By examining Global X's fundamental ratios, stakeholders can obtain critical insights into Global X's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Global X is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The investment objective of Horizons HEP is to provide Unitholders with exposure to the performance of an equal weighted portfolio of North American listed gold mining and exploration companies and monthly distributions of dividend and call option income. HORIZONS ENHANCED is traded on Toronto Stock Exchange in Canada.