Global X Competition
| MILN Etf | USD 43.12 0.35 0.81% |
Global X vs ProShares UltraPro Correlation
Excellent diversification
The correlation between Global X Millennials and UMDD is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Millennials and UMDD in the same portfolio, assuming nothing else is changed.
Moving together with Global Etf
| 0.91 | VUG | Vanguard Growth Index | PairCorr |
| 0.86 | IWF | iShares Russell 1000 | PairCorr |
| 0.8 | IVW | iShares SP 500 | PairCorr |
| 0.8 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.76 | IUSG | iShares Core SP | PairCorr |
Moving against Global Etf
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 Millennials does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Global X Constituents 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MMSC | 1.02 | 0.05 | 0.05 | 0.11 | 1.23 | 1.88 | 6.92 | |||
| CDEI | 0.53 | (0.04) | (0.08) | 0.01 | 0.71 | 1.02 | 3.59 | |||
| MART | 0.23 | 0.03 | (0.03) | 0.17 | 0.17 | 0.47 | 2.01 | |||
| EGGS | 1.01 | (0.06) | (0.04) | (0.01) | 1.75 | 2.20 | 8.39 | |||
| LFEQ | 0.52 | (0.02) | (0.05) | 0.05 | 0.67 | 0.87 | 3.67 | |||
| ROKT | 1.70 | 0.47 | 0.28 | 0.47 | 1.38 | 3.97 | 9.10 | |||
| MFUL | 0.16 | 0.01 | (0.15) | 0.13 | 0.09 | 0.32 | 1.05 | |||
| BTR | 0.41 | 0.08 | 0.09 | 0.20 | 0.31 | 0.92 | 2.95 | |||
| UMDD | 2.01 | 0.29 | 0.20 | 0.17 | 1.81 | 5.66 | 15.20 |
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 |
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 Millennials 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 Millennials, 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.
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.Did You Try This Idea?
Run Money Funds Thematic Idea Now
Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 34 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 Money Funds Theme or any other thematic opportunities.
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Check out Global X Correlation with its peers. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Global X Millennials 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. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. 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.
Understanding that Global X's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Global X represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Global X's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.