Global X Competition

Etfs . Canada . 
Etf . Global X SPTSX
HXT-U Etf  USD 46.50  0.06  0.13%   
Global X SPTSX competes with Global Atomic, EnCore Energy, Fission Uranium, NexGen Energy, and Sprott Physical; as well as few others. Analyzing Global X competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Global X to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Global X Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Global X competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global X's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
45.9246.5047.08
Details
Intrinsic
Valuation
LowRealHigh
41.2341.8151.15
Details
Naive
Forecast
LowNextHigh
46.0546.6447.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
46.5046.5046.50
Details

Global X Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Global X and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Global and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Global X SPTSX does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
JPM
+ 0.83
CRM
CRM
+ 0.73
T
XOM
+ 0.72
META
CRM
+ 0.68
META
XOM
+ 0.68
CRM
MRK
+ 0.64
A
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.83
JPM
MRK
- 0.76
T
JPM
- 0.65
A
XOM
- 0.57
MRK
MRK
- 0.56
META

Global X Competition Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global X's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.05  0.00 (0.03) 0.12  1.40 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.88 (0.08)(0.07) 0.01  1.51 
(0.82)
 2.09 
(1.85)
 8.19 
UBER  1.60 (0.14) 0.00 (0.02) 0.00 
 0.00 
 2.69 
(2.44)
 20.10 
F  1.43 (0.12)(0.02) 0.04  2.19 
(1.43)
 2.75 
(2.90)
 11.72 
T  0.92  0.28  0.14  24.43  0.85 
(1.04)
 2.56 
(1.72)
 6.47 
A  1.14 (0.13) 0.00 (0.12) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.28  0.29  0.25  0.37  0.90 
(1.52)
 3.18 
(1.91)
 9.09 
JPM  1.12  0.00  0.06  0.12  1.44 
(1.17)
 2.05 
(2.00)
 15.87 
MRK  0.85 (0.26) 0.00 (1.12) 0.00 
 0.00 
 1.73 
(2.13)
 4.89 
XOM  1.03  0.03 (0.01) 0.18  1.21 
(1.11)
 2.14 
(2.09)
 5.78 
All Fundamental Data

Global X Competitive Analysis

The better you understand Global X competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Global X's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Global X's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
HXT-U GLO EU FCU NXE SRUUF
 0.13 
 46.50 
Global
 0.91 
 1.09 
Global
 2.70 
 5.40 
EnCore
 2.33 
 0.88 
Fission
 1.80 
 12.42 
NexGen
 0.11 
 18.72 
Sprott
Market Volatility
(90 Days Market Risk)
Very steady
Extremely Dangerous
Relatively risky
Abnormally volatile
Somewhat reliable
Not too volatile
Market Performance
(90 Days Performance)
Good
Very Weak
Insignificant
Very Weak
Solid
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
About Average
Very Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Sell
Sell
Strong Sell
Strong Hold
Strong Hold
Current Ratio
N/A
9.53 X
6.90 X
23.67 X
21.34 X
N/A
Net Asset
1.92 B
177.6 M
427.98 M
453.43 M
1.01 B
489.24 M
Profit Margin
N/A
N/A
(0.58) %
N/A
N/A
N/A
EBITDA
N/A
(9.31 M)
(38.09 M)
(12.27 M)
(82.93 M)
(3.92 M)
Operating Margin
N/A
(739.08) %
(1.68) %
N/A
N/A
N/A
Current Valuation
N/A
290.43 M
965.33 M
621.18 M
6.91 B
2.24 B
Price To Book
N/A
1.47 X
2.15 X
1.39 X
5.78 X
0.84 X
Retained Earnings
N/A
(18.96 M)
(93.95 M)
(151.84 M)
(304 M)
N/A
Current Asset
N/A
N/A
N/A
72.71 M
122.07 M
N/A
One Year Return
7.56 %
N/A
N/A
N/A
N/A
N/A
Beta
N/A
1.37
1.19
2.66
1.76
N/A
Equity Positions Weight
100.00 %
N/A
N/A
N/A
N/A
N/A
Number Of Employees
N/A
275
N/A
17
77
N/A
Shares Outstanding
N/A
263.39 M
185.35 M
858.77 M
565 M
230.84 M
Cash Flow From Operations
N/A
(4.14 M)
(32.62 M)
(2.92 M)
(52.62 M)
(3.94 M)
Total Debt
N/A
11.08 M
31.02 M
336 K
160.42 M
N/A
Return On Equity
N/A
-0.0434
-0.0692
-0.0169
0.16
N/A
Return On Asset
N/A
-0.0294
-0.0648
-0.0211
-0.041
N/A
Number Of Shares Shorted
N/A
10.7 M
1.89 M
43.89 M
11.83 M
N/A
Book Value Per Share
N/A
0.88 X
1.74 X
0.58 X
2.15 X
N/A
Current Liabilities
N/A
N/A
N/A
975.55 K
6.33 M
N/A
Total Asset
1.92 B
177.6 M
427.98 M
453.43 M
1.01 B
489.24 M
Short Ratio
N/A
2.26 X
8.24 X
12.62 X
8.22 X
N/A
Target Price
N/A
3.1
8.0
2.04
13.89
N/A
Debt To Equity
N/A
N/A
N/A
0.03 %
0.87 %
N/A
Shares Owned By Institutions
N/A
13.51 %
44.62 %
20.15 %
53.02 %
20.86 %
Market Capitalization
N/A
284.46 M
1 B
755.71 M
7.02 B
2.93 B
Price To Earning
N/A
10.20 X
(13.33) X
(47.50) X
416.00 X
N/A
Price To Sales
N/A
373.08 X
28.02 X
N/A
N/A
636.01 X
Net Income
N/A
(16.6 M)
(30.21 M)
(8.92 M)
70.17 M
31.69 M
Earnings Per Share
N/A
(0.03) X
(0.41) X
(0.01) X
0.30 X
N/A
Shares Owned By Insiders
N/A
8.86 %
2.12 %
11.89 %
7.95 %
N/A
Revenue
N/A
690 K
N/A
N/A
N/A
1.21 M
Working Capital
N/A
14.91 M
19.05 M
71.92 M
279.05 M
N/A
Cash And Equivalents
N/A
8.4 M
3.36 M
14.24 M
75.8 M
N/A
Cash Per Share
N/A
0.04 X
0.02 X
0.03 X
0.20 X
N/A
Gross Profit
N/A
957.72 K
(5.17 K)
N/A
N/A
N/A
Day Typical Price
46.5
1.09
5.35
0.88
12.33
18.76
Accumulation Distribution
N/A
0.0273
0.0725
0.0444
0.0352
0.0448
Market Facilitation Index
N/A
0.03
0.4
0.04
0.44
0.86
Daily Balance Of Power
9.2 T
(0.33)
(0.38)
0.5
0.5
0.0233
Period Momentum Indicator
0.06
(0.01)
(0.15)
0.02
0.22
0.02
Rate Of Daily Change
1.0
0.99
0.97
1.02
1.02
1.0
Day Median Price
46.5
1.09
5.32
0.88
12.29
18.78
Price Action Indicator
0.03
N/A
0.005
0.01
0.24
(0.05)
Relative Strength Index
23.93
38.28
39.18
31.34
31.51
14.65
Coefficient Of Variation
490.26
(1,867)
1498.93
(24,628)
454.14
2221.96
Mean Deviation
0.4072
3.19
3.21
3.32
2.27
1.93
Jensen Alpha
0.1008
(0.25)
0.2636
(0.08)
0.6513
0.0116
Total Risk Alpha
0.0233
(1.03)
(0.39)
(0.81)
0.1853
(0.29)
Sortino Ratio
0.0223
N/A
0.0396
N/A
0.2026
(0.01)
Downside Variance
0.468
N/A
14.15
N/A
7.5
5.24
Standard Deviation
0.7159
4.83
4.19
4.95
3.11
2.52
Kurtosis
10.64
6.16
0.9619
5.11
1.68
0.7208
Potential Upside
1.27
8.27
6.93
8.33
6.48
4.2
Treynor Ratio
0.467
1.5
5.26
(0.07)
3.35
0.1361
Maximum Drawdown
5.06
31.17
20.3
30.71
17.35
10.96
Variance
0.5125
23.32
17.58
24.51
9.69
6.33
Market Risk Adjusted Performance
0.477
1.51
5.27
(0.06)
3.36
0.1461
Risk Adjusted Performance
0.1557
(0.03)
0.0593
0.0053
0.1764
0.0415
Skewness
2.62
(0.97)
0.5731
(1.39)
0.4303
0.5677
Semi Deviation
0.0
N/A
3.45
N/A
2.1
2.19
Information Ratio
0.0213
(0.08)
0.0355
(0.03)
0.1782
(0.01)
Value At Risk
(0.59)
(5.60)
(5.35)
(8.33)
(4.35)
(3.18)
Expected Short fall
(1.03)
N/A
(3.47)
N/A
(2.57)
(2.10)
Downside Deviation
0.6841
N/A
3.76
N/A
2.74
2.29
Semi Variance
(0.06)
N/A
11.9
N/A
4.41
4.8

Global X Competition Performance Charts

Five steps to successful analysis of Global X Competition

Global X's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Global X SPTSX in relation to its competition. Global X's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Global X in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Global X's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Global X SPTSX, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Global X position

In addition to having Global X in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Baby Boomer Prospects
Baby Boomer Prospects Theme
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 98 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Baby Boomer Prospects Theme or any other thematic opportunities.
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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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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