Global Dividend And Etf Market Value
| XGLVX Etf | USD 6.51 0.02 0.31% |
| Symbol | Global |
The market value of Global Dividend 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is Global Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect Global Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Dividend'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 Dividend '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 Dividend'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 Dividend.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Global Dividend on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Global Dividend and or generate 0.0% return on investment in Global Dividend over 30 days. Global Dividend is related to or competes with RiverNorthDoubleLine, FT Vest, Zillow Group, Northern Lights, VanEck Vectors, and Freedom Day. Global Dividend is entity of United States More
Global Dividend 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 Dividend'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 Dividend and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 0.6079 |
Global Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Dividend's standard deviation. In reality, there are many statistical measures that can use Global Dividend historical prices to predict the future Global Dividend's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Dividend's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Global Dividend Backtested Returns
Global Dividend holds Efficiency (Sharpe) Ratio of -0.0678, which attests that the entity had a -0.0678% return per unit of risk over the last 3 months. Global Dividend exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Dividend's Risk Adjusted Performance of (0.07), standard deviation of 0.5221, and Market Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Dividend is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Global Dividend and has poor predictability. Overlapping area represents the amount of predictability between Global Dividend time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Dividend price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Global Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Dividend lagged returns against current returns
Autocorrelation, which is Global Dividend 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 Dividend's etf expected returns. We can calculate the autocorrelation of Global Dividend returns to help us make a trade decision. For example, suppose you find that Global Dividend 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 Dividend 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 Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
Global Dividend Lagged Returns
When evaluating Global Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Dividend etf have on its future price. Global Dividend 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 Dividend autocorrelation shows the relationship between Global Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in Global Dividend and.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Global Etf
Global Dividend financial ratios help investors to determine whether Global Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global Dividend security.