Global X Yieldco Etf Profile
| YLCO Etf | USD 9.17 0.10 1.10% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Global X is selling at 9.17 as of the 25th of November 2024; that is 1.10 percent increase since the beginning of the trading day. The etf's open price was 9.07. Global X has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Global X YieldCo are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2023 and ending today, the 25th of November 2024. Click here to learn more.
The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx YieldCo Renewable Energy Income Index. Global X is traded on NYSEArca Exchange in the United States. More on Global X YieldCo
Moving against Global Etf
Global Etf Highlights
| Thematic Idea | Alternative Energy (View all Themes) |
| Business Concentration | Alternative Energy, Energy, Utilities, Global X Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (18.17) |
| Name | Global X YieldCo Renewable Energy Income ETF |
| Currency Code | USD |
| In Threey Volatility | 22.98 |
| 1y Volatility | 26.89 |
| 200 Day M A | 16.3131 |
| 50 Day M A | 18.7241 |
| Code | YLCO |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.8) |
Global X YieldCo [YLCO] is traded in USA and was established 2015-05-27. The fund is listed under Utilities category and is part of Global X Funds family. The entity is thematically classified as Alternative Energy. Global X YieldCo at this time have 87.46 M in net assets. , while the total return for the last 3 years was -15.8%.
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 YieldCo 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 YieldCo Etf Constituents
| SCATC | Scatec Solar OL | Stock | Utilities—Renewable | |
| GWIND | Galata Wind Enerji | Stock | Utilities—Renewable | |
| VER | VERBUND AG | Stock | Utilities - Regulated Electric | |
| EDPR | EDP Renovaveis | Stock | Utilities | |
| VBK | VERBIO Vereinigte BioEnergie | Stock | Specialty Chemicals | |
| INE | Innergex Renewable Energy | Stock | Utilities | |
| AYDEM | Aydem Yenilenebilir Enerji | Stock | Utilities—Renewable | |
| WEHA | Weha Transportasi Indonesia | Stock | Industrials |
Global X YieldCo 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 | 0.9352 | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.77 | |||
| Risk Adjusted Performance | (0.09) |
Global X YieldCo Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Global X YieldCo Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Global X price patterns.
Global X Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Global X YieldCo. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Global X YieldCo 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.