Global X Funds Etf Performance
| MLPD Etf | 26.06 0.02 0.08% |
The etf retains a Market Volatility (i.e., Beta) of 0.0729, 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
23 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Global X Funds are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, Global X is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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Global X Relative Risk vs. Return Landscape
If you would invest 2,472 in Global X Funds on August 26, 2024 and sell it today you would earn a total of 134.00 from holding Global X Funds or generate 5.42% return on investment over 90 days. Global X Funds is currently generating 0.0816% in daily expected returns and assumes 0.2717% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% 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 |
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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 Funds, 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 = 0.3004
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Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Global X is performing at about 23% 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.
About Global X Performance
By analyzing Global X's fundamental ratios, stakeholders can gain valuable insights into Global X's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. 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.