Global X Financials
| HGY Etf | CAD 11.50 0.09 0.79% |
3 y Sharp Ratio 0.8 |
Global |
The data published in Global X's official financial statements typically reflect Global X's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Global X's quantitative information. For example, before you start analyzing numbers published by Global accountants, it's essential to understand Global X's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
Global X Etf Summary
Global X competes with Global X, Global X, Global X, and CI Canadian. Horizons HGY seeks to achieve its investment objectives by investing, either directly or indirectly, in a portfolio of securities and other instruments that provide exposure to the price of gold bullion . HORIZONS GOLD is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA44050F1036 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Toronto, ON ME |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Website | www.horizonsetfs.com/etf/hgy |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
You should never invest in Global X without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Global Etf, because this is throwing your money away. Analyzing the key information contained in Global X's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Global X Key Financial Ratios
Global X's financial ratios allow both analysts and investors to convert raw data from Global X's financial statements into concise, actionable information that can be used to evaluate the performance of Global X over time and compare it to other companies across industries.| Beta | 0.11 | |||
| Last Dividend Paid | 0.0176 |
Global Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Global X's current stock value. Our valuation model uses many indicators to compare Global X value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Global X competition to find correlations between indicators driving Global X's intrinsic value. More Info.Global X Gold is rated # 4 ETF in beta as compared to similar ETFs. It is one of the top ETFs in annual yield as compared to similar ETFs fabricating about 0.38 of Annual Yield per Beta. The ratio of Beta to Annual Yield for Global X Gold is roughly 2.63 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Global X by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Global X's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Global X Gold Systematic Risk
Global X's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Global X volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Global X Gold correlated with the market. If Beta is less than 0 Global X generally moves in the opposite direction as compared to the market. If Global X Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Global X Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Global X is generally in the same direction as the market. If Beta > 1 Global X moves generally in the same direction as, but more than the movement of the benchmark.
Global X November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Global X help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Global X Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of Global X Gold based on widely used predictive technical indicators. In general, we focus on analyzing Global Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Global X's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8252 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.18 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global X Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .