Global X (Australia) Market Value

SEMI Etf   16.76  0.28  1.70%   
Global X's market value is the price at which a share of Global X trades on a public exchange. It measures the collective expectations of Global X Semiconductor investors about its performance. Global X is selling for under 16.76 as of the 13th of December 2024; that is 1.70 percent increase since the beginning of the trading day. The etf's last reported lowest price was 16.75.
With this module, you can estimate the performance of a buy and hold strategy of Global X Semiconductor and determine expected loss or profit from investing in Global X over a given investment horizon. Check out Global X Correlation, Global X Volatility and Global X Alpha and Beta module to complement your research on Global X.
Symbol

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.

Global X 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Global X's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Global X.
0.00
12/24/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/13/2024
0.00
If you would invest  0.00  in Global X on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Global X Semiconductor or generate 0.0% return on investment in Global X over 720 days. Global X is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. Global X is entity of Australia. It is traded as Etf on AU exchange. More

Global X Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global X's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Global X Semiconductor upside and downside potential and time the market with a certain degree of confidence.

Global X Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global X's standard deviation. In reality, there are many statistical measures that can use Global X historical prices to predict the future Global X's volatility.
Hype
Prediction
LowEstimatedHigh
15.2016.7618.32
Details
Intrinsic
Valuation
LowRealHigh
15.1316.6918.25
Details

Global X Semiconductor Backtested Returns

Currently, Global X Semiconductor is very steady. Global X Semiconductor holds Efficiency (Sharpe) Ratio of 0.0634, which attests that the entity had a 0.0634% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global X Semiconductor, which you can use to evaluate the volatility of the entity. Please check out Global X's Market Risk Adjusted Performance of 0.2798, downside deviation of 1.59, and Risk Adjusted Performance of 0.0545 to validate if the risk estimate we provide is consistent with the expected return of 0.0989%. The etf retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global X's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global X is expected to be smaller as well.

Auto-correlation

    
  0.71  

Good predictability

Global X Semiconductor has good predictability. Overlapping area represents the amount of predictability between Global X time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Global X Semiconductor price movement. The serial correlation of 0.71 indicates that around 71.0% of current Global X price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.42
Residual Average0.0
Price Variance1.98

Global X Semiconductor lagged returns against current returns

Autocorrelation, which is Global X etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Global X's etf expected returns. We can calculate the autocorrelation of Global X returns to help us make a trade decision. For example, suppose you find that Global X has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Global X regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Global X etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global X etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global X etf over time.
   Current vs Lagged Prices   
       Timeline  

Global X Lagged Returns

When evaluating Global X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global X etf have on its future price. Global X autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Global X autocorrelation shows the relationship between Global X etf current value and its past values and can show if there is a momentum factor associated with investing in Global X Semiconductor.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Other Information on Investing in Global Etf

Global X financial ratios help investors to determine whether Global Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global X security.