Global X Etf Technical Analysis
| NGE Etf | USD 10.28 0.01 0.1% |
As of the 1st of December, Global X retains the Market Risk Adjusted Performance of (0.22), risk adjusted performance of 0.0516, and Downside Deviation of 2.25. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Global X, as well as the relationship between them. Please check out Global X value at risk, and the relationship between the jensen alpha and semi variance to decide if Global X is priced fairly, providing market reflects its last-minute price of 10.28 per share.
Global X Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Global, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GlobalGlobal |
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.
Global X Technical Analysis
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Global X Trend Analysis
Use this graph to draw trend lines for Global X. You can use it to identify possible trend reversals for Global X as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Global X price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Global X Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Global X applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that Global X will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 57.12, which is the sum of squared deviations for the predicted Global X price change compared to its average price change.About Global X Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Global X on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Global X based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Global X price pattern first instead of the macroeconomic environment surrounding Global X. By analyzing Global X's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Global X's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Global X specific price patterns or momentum indicators. Please read more on our technical analysis page.
Global X December 1, 2024 Technical Indicators
Most technical analysis of Global help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Global from various momentum indicators to cycle indicators. When you analyze Global charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0516 | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 1.58 | |||
| Semi Deviation | 2.15 | |||
| Downside Deviation | 2.25 | |||
| Coefficient Of Variation | 1710.47 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.07 | |||
| Information Ratio | 0.0026 | |||
| Jensen Alpha | 0.2069 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0029 | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 15.21 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 2.74 | |||
| Downside Variance | 5.08 | |||
| Semi Variance | 4.61 | |||
| Expected Short fall | (1.68) | |||
| Skewness | 1.57 | |||
| Kurtosis | 10.98 |
Global X One Year Return
Based on the recorded statements, Global X has an One Year Return of -28.4%. This is much higher than that of the Global X Funds family and notably higher than that of the Miscellaneous Region category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Global X 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.