Global X Industry Etf Buy Hold or Sell Recommendation

FOUR Etf  CAD 56.09  0.71  1.28%   
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Global X Industry is 'Strong Buy'. The recommendation algorithm takes into account all of Global X's available fundamental, technical, and predictive indicators you will find on this site.
  
Check out Global X Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Global and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Global X Industry. 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.

Execute Global X Buy or Sell Advice

The Global recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Global X Industry. Macroaxis does not own or have any residual interests in Global X Industry or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Global X's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Global XBuy Global X
Strong Buy

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Global X Industry has a Risk Adjusted Performance of 0.1398, Jensen Alpha of 0.17, Total Risk Alpha of 0.0157, Sortino Ratio of 0.0706 and Treynor Ratio of 0.4811
Our investment recommendation module provides unbiased trade recommendations that can be used to complement current average analyst sentiment on Global X Industry. Our investment recommendation engine provides an advice for the etf potential to grow from the perspective of an investor's risk tolerance and investing horizon. Please utilize Global X Industry one year return, five year return, equity positions weight, as well as the relationship between the three year return and net asset to make buy, hold, or sell decision on Global X.

Global X Trading Alerts and Improvement Suggestions

Global X Returns Distribution Density

The distribution of Global X's historical returns is an attempt to chart the uncertainty of Global X's future price movements. The chart of the probability distribution of Global X daily returns describes the distribution of returns around its average expected value. We use Global X Industry price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Global X returns is essential to provide solid investment advice for Global X.
Mean Return
0.24
Value At Risk
-2.23
Potential Upside
1.89
Standard Deviation
1.34
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Global X historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Global X Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Global X or Horizons ETFs Management (Canada) Inc sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Global X's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Global etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.17
β
Beta against Dow Jones0.47
σ
Overall volatility
1.33
Ir
Information ratio 0.08

Global X Volatility Alert

Global X Industry has relatively low volatility with skewness of -0.3 and kurtosis of 0.59. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Global X's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Global X's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Global X Fundamentals Vs Peers

Comparing Global X's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Global X's direct or indirect competition across all of the common fundamentals between Global X and the related equities. This way, we can detect undervalued stocks with similar characteristics as Global X or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Global X's fundamental indicators could also be used in its relative valuation, which is a method of valuing Global X by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Global X to competition
FundamentalsGlobal XPeer Average
Beta1.54
One Year Return26.70 %(0.97) %
Three Year Return(1.80) %3.23 %
Five Year Return12.40 %1.12 %
Net Asset6.52 M2.29 B
Equity Positions Weight50.12 %52.82 %

Global X Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Global . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Global X Buy or Sell Advice

When is the right time to buy or sell Global X Industry? Buying financial instruments such as Global Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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Biotech Theme
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Other Information on Investing in Global Etf

Global X financial ratios help investors to determine whether Global Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global X security.