Global X Preferred Etf Price on October 14, 2024
| PFFD Etf | USD 20.35 0.05 0.25% |
Below is the normalized historical share price chart for Global X Preferred extending back to September 13, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Global X stands at 20.35, as last reported on the 23rd of November, with the highest price reaching 20.39 and the lowest price hitting 20.31 during the day.
If you're considering investing in Global Etf, it is important to understand the factors that can impact its price. At this point, Global X is very steady. Global X Preferred holds Efficiency (Sharpe) Ratio of 0.0649, which attests that the entity had a 0.0649% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global X Preferred, which you can use to evaluate the volatility of the entity. Please check out Global X's Downside Deviation of 0.5319, risk adjusted performance of 0.06, and Market Risk Adjusted Performance of 0.2793 to validate if the risk estimate we provide is consistent with the expected return of 0.0326%.
Global Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 14.72 | 200 Day MA 20.0555 | 1 y Volatility 10.24 | 50 Day MA 20.6672 | Inception Date 2017-09-11 |
Global |
Sharpe Ratio = 0.0649
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| Negative Returns | PFFD |
Estimated Market Risk
| 0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Global X is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Global X by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Global X Valuation on October 14, 2024
It is possible to determine the worth of Global X on a given historical date. On October 14, 2024 Global was worth 20.63 at the beginning of the trading date compared to the closed value of 20.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global X etf. Still, in general, we apply an absolute valuation method to find Global X's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global X where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global X's related companies.
| Open | High | Low | Close | Volume | |
| 20.54 | 20.68 | 20.50 | 20.67 | 443,276 | |
10/14/2024 | 20.63 | 20.75 | 20.61 | 20.75 | 646,768 |
| 20.78 | 20.88 | 20.75 | 20.79 | 378,349 |
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Global X Trading Date Momentum on October 14, 2024
| On October 15 2024 Global X Preferred was traded for 20.79 at the closing time. The top price for the day was 20.88 and the lowest listed price was 20.75 . The trading volume for the day was 378.3 K. The trading history from October 15, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 0.19% . The overall trading delta against the current closing price is 1.06% . |
Global X Preferred Fundamentals Correlations and Trends
By evaluating Global X's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global X's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global X Etf history
Global X investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global X Preferred will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Global X stock prices may prove useful in developing a viable investing in Global X
Global X Etf Technical Analysis
Global X technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Global X Period Price Range
Low | November 23, 2024
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0.00 | 0.00 |
Global X Preferred cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Global X November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Global X etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global X shares will generate the highest return on investment. By undertsting and applying Global X etf market strength indicators, traders can identify Global X Preferred entry and exit signals to maximize returns
Global X Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global X's price direction in advance. Along with the technical and fundamental analysis of Global Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.2693 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global X Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Global X Preferred 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.