Global X China Industrials ETF Trading 1.5 percent Higher
| CHII Etf | USD 12.24 0.01 0.08% |
Under 61% of CHII's investor base is looking to short. The current sentiment regarding investing in CHII etf implies that many traders are alarmed. CHII's investing sentiment shows overall attitude of investors towards CHII.
CHII |
Shares of Global X China Industrials ETF traded up 1.5 percent during mid-day trading on Thursday . The company traded as high as 12.37 and last traded at 12.37. 16 shares changed hands during mid-day trading, a decline of 99 percent from the average session volume of 2,235 shares. The stock had previously
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CHII Fundamental Analysis
We analyze CHII's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CHII using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CHII 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.
Beta
Beta Comparative Analysis
CHII is currently under evaluation in beta as compared to similar ETFs. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
CHII Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CHII etf to make a market-neutral strategy. Peer analysis of CHII could also be used in its relative valuation, which is a method of valuing CHII by comparing valuation metrics with similar companies.
Peers
CHII Related Equities
| ECNS | IShares MSCI | 1.08 | ||||
| CHIQ | Global X | 0.15 |
Check out Trending Equities 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 gross domestic product. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of CHII is measured differently than its book value, which is the value of CHII that is recorded on the company's balance sheet. Investors also form their own opinion of CHII's value that differs from its market value or its book value, called intrinsic value, which is CHII'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 CHII's market value can be influenced by many factors that don't directly affect CHII'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 CHII's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHII is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHII'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.