Global X Yieldco Etf Performance
| YLCO Etf | USD 9.17 0.10 1.10% |
The etf retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. 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
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Over the last 90 days Global X YieldCo has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Etf's fundamental indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the ETF investors. ...more
1 | Noteworthy ETF Outflows FDN, BKNG, PYPL, ABNB - Nasdaq | 10/03/2024 |
2 | Global X YieldCo Renewable Energy Income ETF Stock Price Chart Trade Now - Capital.com | 10/23/2024 |
| In Threey Sharp Ratio | -0.80 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 1,059 in Global X YieldCo on August 27, 2024 and sell it today you would lose (142.00) from holding Global X YieldCo or give up 13.41% of portfolio value over 90 days. Global X YieldCo is currently does not generate positive expected returns and assumes 1.314% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% 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 YieldCo, 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 = -0.1645
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | YLCO |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Global X is not performing at its full potential. However, 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 Global X 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.
| Price To Earning | 35.32 X | |||
| Price To Book | 1.47 X | |||
| Price To Sales | 0.72 X | |||
| Total Asset | 87.46 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 investment seeks to track, before fees and expenses, the price and yield performance of the Indxx YieldCo Renewable Energy Income Index. Global X is traded on NYSEArca Exchange in the United States.| Global X YieldCo generated a negative expected return over the last 90 days | |
| Global X YieldCo created five year return of -6.0% | |
| This fund keeps 96.36% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Global X YieldCo. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
The market value of Global X YieldCo 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.