Global X (Germany) Performance
| XFIN Etf | 9.94 0.13 1.33% |
The etf retains a Market Volatility (i.e., Beta) of 1.28, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global X will likely underperform.
Risk-Adjusted Performance
25 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Global X FinTech are ranked lower than 25 (%) 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 755.00 in Global X FinTech on September 12, 2024 and sell it today you would earn a total of 239.00 from holding Global X FinTech or generate 31.66% return on investment over 90 days. Global X FinTech is generating 0.4328% of daily returns and assumes 1.3482% volatility on return distribution over the 90 days horizon. Simply put, 12% of etfs are less volatile than Global, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. 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 FinTech, 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 = 0.321
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | XFIN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.35 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Global X is performing at about 25% 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.