Global X Funds Etf Market Value

FYLG Etf   29.40  0.23  0.79%   
Global X's market value is the price at which a share of Global X trades on a public exchange. It measures the collective expectations of Global X Funds investors about its performance. Global X is trading at 29.40 as of the 24th of November 2024. This is a 0.79 percent increase since the beginning of the trading day. The etf's lowest day price was 29.4.
With this module, you can estimate the performance of a buy and hold strategy of Global X Funds and determine expected loss or profit from investing in Global X over a given investment horizon. Check out Global X Correlation, Global X Volatility and Global X Alpha and Beta module to complement your research on Global X.
Symbol

The market value of Global X Funds 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.

Global X 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Global X's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Global X.
0.00
12/05/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/24/2024
0.00
If you would invest  0.00  in Global X on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Global X Funds or generate 0.0% return on investment in Global X over 720 days. Global X is related to or competes with First Trust, and ProShares. Global X is entity of United States. It is traded as Etf on NYSE ARCA exchange. More

Global X Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global X's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Global X Funds upside and downside potential and time the market with a certain degree of confidence.

Global X Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global X's standard deviation. In reality, there are many statistical measures that can use Global X historical prices to predict the future Global X's volatility.
Hype
Prediction
LowEstimatedHigh
28.5629.3830.20
Details
Intrinsic
Valuation
LowRealHigh
26.4630.9131.73
Details
Naive
Forecast
LowNextHigh
28.6729.4930.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
29.1129.3229.54
Details

Global X Funds Backtested Returns

At this point, Global X is very steady. Global X Funds holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global X Funds, which you can use to evaluate the volatility of the entity. Please check out Global X's Risk Adjusted Performance of 0.1558, market risk adjusted performance of 0.1822, and Downside Deviation of 0.5831 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. Global X returns are very sensitive to returns on the market. As the market goes up or down, Global X is expected to follow.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Global X Funds has insignificant reverse predictability. Overlapping area represents the amount of predictability between Global X time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Global X Funds price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Global X price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.14
Residual Average0.0
Price Variance2.44

Global X Funds lagged returns against current returns

Autocorrelation, which is Global X etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Global X's etf expected returns. We can calculate the autocorrelation of Global X returns to help us make a trade decision. For example, suppose you find that Global X has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Global X regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Global X etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global X etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global X etf over time.
   Current vs Lagged Prices   
       Timeline  

Global X Lagged Returns

When evaluating Global X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global X etf have on its future price. Global X autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Global X autocorrelation shows the relationship between Global X etf current value and its past values and can show if there is a momentum factor associated with investing in Global X Funds.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether Global X Funds is a strong investment it is important to analyze Global X's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global X's future performance. For an informed investment choice regarding Global Etf, refer to the following important reports:
Check out Global X Correlation, Global X Volatility and Global X Alpha and Beta module to complement your research on Global X.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.
A focus of Global X technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Global X trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...