Global X Superincome Etf Price on August 6, 2024
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 SuperIncome holds Efficiency (Sharpe) Ratio of 0.0941, which attests that the entity had a 0.0941% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Global X SuperIncome, which you can use to evaluate the volatility of the entity. Please check out Global X's Downside Deviation of 0.4193, risk adjusted performance of 0.0617, and Market Risk Adjusted Performance of 0.2208 to validate if the risk estimate we provide is consistent with the expected return of 0.0418%.
Global Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Global |
Sharpe Ratio = 0.0941
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Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Global X is performing at about 7% 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Global X Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Global X December 11, 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 SuperIncome 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 | 0.0617 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.2108 |
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Check out World Market Map to better understand how to build diversified portfolios. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of Global X SuperIncome 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.