Global X (Germany) Performance
| AVMX Etf | 16.34 1.82 12.53% |
The etf retains a Market Volatility (i.e., Beta) of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global X are expected to decrease at a much lower rate. During the bear market, Global X is likely to outperform the market.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Global X Aave are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile basic indicators, Global X exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Global X Relative Risk vs. Return Landscape
If you would invest 773.00 in Global X Aave on September 12, 2024 and sell it today you would earn a total of 861.00 from holding Global X Aave or generate 111.38% return on investment over 90 days. Global X Aave is generating 1.3913% of daily returns and assumes 7.0993% volatility on return distribution over the 90 days horizon. Simply put, 63% of etfs are less volatile than Global, and 73% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. 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 Aave, 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 = 0.196
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Estimated Market Risk
| 7.1 actual daily | 63 63% of assets are less volatile |
Expected Return
| 1.39 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Global X is performing at about 15% of its full potential. 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 it to a well-diversified portfolio.