Global X Lithium Etf Profile
| LIT Etf | USD 44.97 0.60 1.32% |
Performance9 of 100
| Odds Of DistressLess than 9
|
Global X is selling for under 44.97 as of the 24th of November 2024; that is 1.32 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 44.44. Global X has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Global X Lithium are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Lithium is traded on NYSEARCA Exchange in the United States. More on Global X Lithium
Moving together with Global Etf
Global Etf Highlights
| Thematic Ideas | Showing 3 out of 5 themes |
| Old Name | Litho Formas S.A. |
| Business Concentration | Sector ETFs, Driverless Cars, Materials ETFs, Robots And Drones, Artificial Intelligence, Natural Resources, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2010-07-22 |
| Benchmark | Solactive Global Lithium Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.29 Billion |
| Average Trading Valume | 284,266.3 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Chang Kim, James Ong, Nam To |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Apr |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 47.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.75 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (11.16) |
| Name | Global X Lithium Battery Tech ETF |
| Currency Code | USD |
| Open Figi | BBG000BF74Y0 |
| In Threey Volatility | 29.49 |
| 1y Volatility | 31.51 |
| 200 Day M A | 42.1374 |
| 50 Day M A | 43.282 |
| Code | LIT |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
Global X Lithium [LIT] is traded in USA and was established 2010-07-22. The fund is classified under Natural Resources category within Global X Funds family. The entity is thematically classified as Sector ETFs. Global X Lithium now have 3.98 B in assets. , while the total return for the last 3 years was -21.5%.
Check Global X Probability Of Bankruptcy
Geographic Allocation (%)
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 Lithium 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.
Global X Lithium Currency Exposure
Global X Lithium holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Global X will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Global X Lithium.
Top Global X Lithium Etf Constituents
| 006400 | Samsung SDI | Stock | Information Technology | |
| VUL | Vulcan Energy Resources | Stock | Materials | |
| SQM | Sociedad Quimica y | Stock | Materials | |
| 300014 | EVE Energy | Stock | Industrials | |
| ERA | Eramet SA | Stock | Other Industrial Metals & Mining | |
| 603659 | Shanghai Putailai New | Stock | Materials | |
| ALB | Albemarle Corp | Stock | Materials | |
| 247540 | Ecopro BM Co | Stock | Electrical Equipment |
Global X Top Holders
| GXTG | Global X Thematic | Etf | Global Small/Mid Stock | |
| NAVCX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity | |
| NAVAX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity | |
| NAVIX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
Global X Lithium 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.
| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 0.2605 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.088 |
Global X Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global X Lithium. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Global X Lithium 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.