Gx SP Etf Profile

XTR
 Etf
  

USD 23.61  0.04  0.17%   

Market Performance
0 of 100
Odds Of Distress
Over 71
Gx SP is selling at 23.61 as of the 29th of November 2022; that is -0.17 percent decrease since the beginning of the trading day. The etf's lowest day price was 23.61. Gx SP has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Gx SP 500 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2022 and ending today, the 29th of November 2022. Click here to learn more.
The fund invests at least 80 percent of its total assets in the securities of the underlying index. Gx SP is traded on NYSEARCA Exchange in the United States. More on Gx SP 500

Moving together with Gx SP

+0.97VTITotal Stock MarketPairCorr
+0.97SPYSP 500 SPDRPairCorr
+0.97IVVSP 500 IsharesPairCorr
+0.82VIGDividend Appreciation ETFPairCorr

Gx SP Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Gx SP's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Gx SP or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Gx SP 500 generated a negative expected return over the last 90 days
Gx SP 500 has high likelihood to experience some financial distress in the next 2 years
The fund keeps 99.86% of its net assets in stocks
Thematic IdeaLarge Blend (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Gx SP's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
IssuerGlobal X
Inception Date2021-08-25
BenchmarkCboe S&P 500 Tail Risk Index
Entity TypeRegulated Investment Company
Asset Under Management2.94 Million
Asset TypeEquity
CategoryEquity
FocusLarge Cap
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorSEI Investments Global Funds Services
AdvisorGlobal X Management Company LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerJohn Belanger, Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents506
Market MakerSusquehanna
Total Expense0.6
Management Fee0.6
Nav Price23.04
Two Hundred Day Average24.16
Ytd-16.08%
Average Daily Volume In Three Month244
Fifty Two Week Low22.05
As Of Date25th of October 2022
Average Daily Volume Last 10 Day110
Fifty Two Week High28.61
One Month2.84%
Fifty Day Average22.93
Three Month-3.49%
Gx SP 500 [XTR] is traded in USA and was established 2021-08-25. The fund is classified under Large Blend category within Global X Funds family. The entity is thematically classified as Large Blend. Gx SP 500 at this time have 2.87 M in net assets. , while the total return for the last year was -13.61%.
Check Gx SP Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Gx SP Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Gx SP Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Gx SP 500 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Gx SP Target Price Odds Analysis

In regard to a normal probability distribution, the odds of Gx SP jumping above the current price in 90 days from now is about 31.08%. The Gx SP 500 probability density function shows the probability of Gx SP etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Gx SP has a beta of 0.9217. This entails Gx SP 500 market returns are sensible to returns on the market. As the market goes up or down, Gx SP is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Gx SP 500 is significantly underperforming DOW.
  Odds Below 23.61HorizonTargetOdds Above 23.61
68.61%90 days
 23.61 
31.08%
Based on a normal probability distribution, the odds of Gx SP to move above the current price in 90 days from now is about 31.08 (This Gx SP 500 probability density function shows the probability of Gx SP Etf to fall within a particular range of prices over 90 days) .

Gx SP Major Institutional Holders

Institutional Holdings refers to the ownership stake in Gx SP that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Gx SP's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Gx SP's value.
InstituionSecurity TypeTotal SharesValue
Ubs Group AgFund Units1.7 K38 K
View Gx SP Diagnostics

Gx SP 500 Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Gx SP market risk premium is the additional return an investor will receive from holding Gx SP long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Gx SP. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Gx SP's alpha and beta are two of the key measurements used to evaluate Gx SP's performance over the market, the standard measures of volatility play an important role as well.

Gx SP Against Markets

Picking the right benchmark for Gx SP etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Gx SP etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Gx SP is critical whether you are bullish or bearish towards Gx SP 500 at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gx SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Stock Tickers Now

   

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
All  Next Launch Module

Invested in Gx SP 500?

The danger of trading Gx SP 500 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gx SP is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gx SP. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gx SP 500 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for analysis

When running Gx SP 500 price analysis, check to measure Gx SP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gx SP is operating at the current time. Most of Gx SP's value examination focuses on studying past and present price action to predict the probability of Gx SP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Gx SP's price. Additionally, you may evaluate how the addition of Gx SP to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
The market value of Gx SP 500 is measured differently than its book value, which is the value of Gx SP that is recorded on the company's balance sheet. Investors also form their own opinion of Gx SP's value that differs from its market value or its book value, called intrinsic value, which is Gx SP'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 Gx SP's market value can be influenced by many factors that don't directly affect Gx SP'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 Gx SP's value and its price as these two are different measures arrived at by different means. Investors typically determine Gx SP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gx SP'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.