Global X Valuation
| HUG Etf | CAD 20.45 0.61 2.90% |
At this time, the entity appears to be overvalued. Global X Gold retains a regular Real Value of C$18.85 per share. The prevalent price of the entity is C$20.45. Our model calculates the value of Global X Gold from evaluating the entity fundamentals such as Total Asset of 38.38 M, net asset of 38.38 M, and Beta of 0.16 as well as inspecting its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Global X's price fluctuation is very steady at this time. Calculation of the real value of Global X Gold is based on 3 months time horizon. Increasing Global X's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Global X is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Global Etf. However, Global X's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 20.45 | Real 18.85 | Hype 20.46 | Naive 20.82 |
The intrinsic value of Global X's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Global X's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Global X Gold helps investors to forecast how Global etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Global X more accurately as focusing exclusively on Global X's fundamentals will not take into account other important factors: About Global X Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Global X Gold. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Global X Gold based exclusively on its fundamental and basic technical indicators. By analyzing Global X's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Global X's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global X. We calculate exposure to Global X's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Global X's related companies.HUG seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of its Underlying Index. HORIZONS GOLD is traded on Toronto Stock Exchange in Canada.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global X Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.