Global X Auto Performance
The etf retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Global X are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Global X Auto has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Global X is not utilizing all of its potentials. The newest stock price disarray, may contribute to short-term losses for the investors. ...more
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Global X Relative Risk vs. Return Landscape
If you would invest (100.00) in Global X Auto on September 15, 2024 and sell it today you would earn a total of 100.00 from holding Global X Auto or generate -100.0% return on investment over 90 days. Global X Auto is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Global, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Global X Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Global X Auto, and traders can use it to determine the average amount a Global X's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Global X is not performing at its full potential. However, 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 Global X to a well-diversified portfolio.
Global X Fundamentals Growth
Global Etf prices reflect investors' perceptions of the future prospects and financial health of Global X, and Global X fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Etf performance.
| Global X Auto is not yet fully synchronised with the market data | |
| Global X Auto has some characteristics of a very speculative penny stock | |
| Global X Auto has a very high chance of going through financial distress in the upcoming years | |
| The fund keeps 99.94% of its net assets in stocks |
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 persons. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Global Etf
If you are still planning to invest in Global X Auto check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Global X's history and understand the potential risks before investing.
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