Global X Social Etf Performance
| SOCL Etf | USD 42.68 0.39 0.92% |
The etf retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. 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
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Global X Social are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite quite unfluctuating fundamental indicators, Global X may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Spotify Introduces Marketing Tools For Audiobook Authors | 11/26/2024 |
| In Threey Sharp Ratio | -0.45 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 3,931 in Global X Social on August 30, 2024 and sell it today you would earn a total of 337.00 from holding Global X Social or generate 8.57% return on investment over 90 days. Global X Social is currently generating 0.1449% in daily expected returns and assumes 1.7055% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of etfs are less volatile than Global, and 98% 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 Social, 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 = 0.085
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | SOCL | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.71 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Global X is performing at about 6% 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 Asset | 17.13 | |||
| Profit Margin | 38.01 % | |||
| Operating Margin | 73.94 % | |||
| Current Valuation | 3.98 B | |||
| Shares Outstanding | 333 M | |||
| Price To Earning | 31.47 X | |||
| Price To Book | 2.80 X | |||
| Price To Sales | 3.52 X | |||
| Revenue | 470.96 M | |||
| Cash And Equivalents | 224.37 M | |||
| Cash Per Share | 0.67 X | |||
| Total Debt | 46.42 M | |||
| Debt To Equity | 0.04 % | |||
| Cash Flow From Operations | 237.33 M | |||
| Earnings Per Share | (0.10) X | |||
| Total Asset | 132.46 M | |||
About Global X Performance
By examining Global X's fundamental ratios, stakeholders can obtain critical insights into Global X's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Global X is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund will invest at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Social is traded on NASDAQ Exchange in the United States.| Latest headline from benzinga.com: Spotify Introduces Marketing Tools For Audiobook Authors | |
| The fund created three year return of -9.0% | |
| Global X Social maintains 99.84% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Global X Social. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Global X Social 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.