Global X Autonomous Etf Performance
| DRIV Etf | USD 23.18 0.25 1.07% |
The etf retains a Market Volatility (i.e., Beta) of 0.0933, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global X's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global X is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Global X Autonomous are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable forward indicators, Global X is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
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| In Threey Sharp Ratio | -0.29 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 2,241 in Global X Autonomous on November 3, 2024 and sell it today you would earn a total of 77.00 from holding Global X Autonomous or generate 3.44% return on investment over 90 days. Global X Autonomous is currently generating 0.0637% in daily expected returns and assumes 1.2273% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than Global, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
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 Autonomous, 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 = 0.0519
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Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Global X is performing at about 4% 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.
Global X Fundamentals Growth
Global Etf prices reflect investors' perceptions of the future prospects and financial health of Global X, and Global X fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Etf performance.
| Return On Equity | -0.0718 | |||
| Return On Asset | -2.0E-4 | |||
| Profit Margin | (0.0002) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 455.19 M | |||
| Shares Outstanding | 32.06 M | |||
| Price To Earning | 56.13 X | |||
| Price To Book | 2.15 X | |||
| Price To Sales | 2.04 X | |||
| Revenue | 389.68 M | |||
| EBITDA | 15.26 M | |||
| Cash And Equivalents | 483.87 M | |||
| Cash Per Share | 13.01 X | |||
| Total Debt | 295.8 M | |||
| Debt To Equity | 0.38 % | |||
| Book Value Per Share | 14.95 X | |||
| Cash Flow From Operations | (15.29 M) | |||
| Earnings Per Share | (0.91) X | |||
| Total Asset | 832.13 M | |||
| Retained Earnings | 60.3 M | |||
| Current Asset | 699.74 M | |||
| Current Liabilities | 270.5 M | |||
About Global X Performance
Evaluating Global X's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Global X has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Global X has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its total assets in the securities of the index. Gx Autonomous is traded on NASDAQ Exchange in the United States.| The company reported the previous year's revenue of 389.68 M. Net Loss for the year was (24.65 M) with profit before overhead, payroll, taxes, and interest of 257.14 M. | |
| The fund created three year return of -3.0% | |
| Over 88.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: Whats Going On With XPeng Stock Tuesday | |
| Global X Autonomous retains 99.98% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Autonomous. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Global X Autonomous 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.