Global X (Australia) Performance
| EBTC Etf | 14.87 0.10 0.68% |
The etf retains a Market Volatility (i.e., Beta) of 0.85, 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.
Risk-Adjusted Performance
23 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Global X 21Shares are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Global X unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Expert warns diversification key in ETF success - Investor Daily | 11/05/2024 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 840.00 in Global X 21Shares on September 13, 2024 and sell it today you would earn a total of 647.00 from holding Global X 21Shares or generate 77.02% return on investment over 90 days. Global X 21Shares is generating 0.9438% of daily returns and assumes 3.1491% volatility on return distribution over the 90 days horizon. Simply put, 28% of etfs are less volatile than Global, and 82% 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 21Shares, 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 = 0.2997
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Global X is performing at about 23% 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.
About Global X Performance
Assessing Global X's fundamental ratios provides investors with valuable insights into Global X's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Global X is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Global X is entity of Australia. It is traded as Etf on AU exchange.| Global X 21Shares appears to be risky and price may revert if volatility continues |
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.