Glcn Etf Three Year Return
| GLCN Etf | USD 23.07 0.09 0.39% |
GLCN fundamentals help investors to digest information that contributes to GLCN's financial success or failures. It also enables traders to predict the movement of GLCN Etf. The fundamental analysis module provides a way to measure GLCN's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GLCN etf.
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GLCN ETF Three Year Return Analysis
GLCN's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current GLCN Three Year Return | (11.28) % |
Most of GLCN's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GLCN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
CompetitionBased on the latest financial disclosure, GLCN has a Three Year Return of -11.28%. This is 187.92% lower than that of the VanEck family and significantly lower than that of the China Region category. The three year return for all United States etfs is notably higher than that of the company.
GLCN Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GLCN's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of GLCN could also be used in its relative valuation, which is a method of valuing GLCN by comparing valuation metrics of similar companies.GLCN is currently under evaluation in three year return as compared to similar ETFs.
Fund Asset Allocation for GLCN
The fund invests 99.14% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides GLCN's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
GLCN Fundamentals
| Total Asset | 14.81 M | |||
| One Year Return | (41.11) % | |||
| Three Year Return | (11.28) % | |||
| Five Year Return | (8.18) % | |||
| Ten Year Return | 0.97 % | |||
| Net Asset | 14.81 M | |||
| Last Dividend Paid | 0.62 | |||
| Equity Positions Weight | 99.14 % |
About GLCN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GLCN's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GLCN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GLCN based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with GLCN
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GLCN position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GLCN will appreciate offsetting losses from the drop in the long position's value.Moving against GLCN Etf
| 0.81 | DSJA | DSJA | PairCorr |
| 0.79 | SIXD | AIM ETF Products | PairCorr |
| 0.78 | TSJA | TSJA | PairCorr |
| 0.76 | CQQQ | Invesco China Technology | PairCorr |
| 0.76 | EOS | Eaton Vance Enhanced | PairCorr |
The ability to find closely correlated positions to GLCN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GLCN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GLCN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GLCN to buy it.
The correlation of GLCN is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GLCN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GLCN moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GLCN can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis 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 main economic indicators. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of GLCN is measured differently than its book value, which is the value of GLCN that is recorded on the company's balance sheet. Investors also form their own opinion of GLCN's value that differs from its market value or its book value, called intrinsic value, which is GLCN'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 GLCN's market value can be influenced by many factors that don't directly affect GLCN'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 GLCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if GLCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GLCN'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.