Global X Etf Profile
Global X is selling for under 21.51 as of the 26th of November 2024; that is 0.88% down since the beginning of the trading day. The etf's last reported lowest price was 21.51. Equity ratings for Global X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Global Etf Highlights
| Old Name | Global X Education ETF |
| Business Concentration | Global Small/Mid Stock, Global X Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (5.52) |
| Name | Global X Education ETF |
| Currency Code | USD |
| Open Figi | BBG00VZRGYY4 |
| In Threey Volatility | 27.79 |
| 1y Volatility | 28.9 |
| 200 Day M A | 20.6021 |
| 50 Day M A | 20.6022 |
| Code | EDUT |
| Updated At | 10th of December 2023 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.89) |
| Type | ETF |
Global X [EDUT] is traded in USA and was established 2020-07-10. The fund is listed under Global Small/Mid Stock category and is part of Global X Funds family. Global X currently have 2.79 M in assets under management (AUM). , while the total return for the last 3 years was -26.1%.
Check Global X Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X Etf Constituents
| BFAM | Bright Horizons Family | Stock | Consumer Discretionary | |
| CHGG | Chegg Inc | Stock | Consumer Discretionary | |
| EDU | New Oriental Education | Stock | Consumer Discretionary | |
| RNG | Ringcentral | Stock | Information Technology | |
| TAL | TAL Education Group | Stock | Consumer Discretionary | |
| ZM | Zoom Video Communications | Stock | Information Technology |
Global X Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.88 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.26 |
Global X Against Markets
Global X Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global X etf to make a market-neutral strategy. Peer analysis of Global X could also be used in its relative valuation, which is a method of valuing Global X by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Investing Opportunities 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 employment. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.