GX Funds Etf Profile

DJIA
 Etf
  

USD 22.73  0.04  0.18%   

Market Performance
0 of 100
Odds Of Distress
Less than 40
GX Funds is trading at 22.73 as of the 1st of July 2022, a 0.18 percent increase since the beginning of the trading day. The etf's open price was 22.69. GX Funds has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for GX Funds Gx are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of July 2021 and ending today, the 1st of July 2022. Click here to learn more.
The index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average and writes a succession of one-month at-the-money covered call options on the Reference Index. More on GX Funds Gx

Moving together with GX Funds

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0.93CSCOCisco Systems Fiscal Year End 17th of August 2022 PairCorr

Moving against GX Funds

0.6IBMInternational Business Earnings Call  In Two WeeksPairCorr

GX Funds 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. GX Funds' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GX Funds or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
GX Funds Gx generated a negative expected return over the last 90 days
The fund retains 99.94% of its assets under management (AUM) in equities
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 Funds' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerGlobal X
DescriptionGlobal X Dow 30 Covered Call ETF
Inception Date2022-02-23
BenchmarkDJIA Cboe BuyWrite v2 Index
Entity TypeRegulated Investment Company
Asset Under Management17.88 Million
Asset TypeEquity
CategoryStrategy
FocusBuywrite
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorGlobal X Management Company LLC
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 Constituents33.0
Total Expense0.6
Management Fee0.6
Nav Price23.93
Two Hundred Day Average24.26
Average Daily Volume In Three Month34.81k
Fifty Two Week Low22.2
As Of Date11th of May 2022
Average Daily Volume Last 10 Day60.05k
Fifty Two Week High25.92
One Month-5.98%
Fifty Day Average23.71
GX Funds Gx [DJIA] is traded in USA and was established 2022-02-23. The fund is listed under Large Blend category and is part of Global X family. GX Funds Gx currently have 10.95 M in assets under management (AUM).
Check GX Funds Probability Of Bankruptcy

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 Funds 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 Funds 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 Funds Gx 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 Funds Target Price Odds Analysis

What are GX Funds' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of GX Funds jumping above the current price in 90 days from now is about 90.15%. The GX Funds Gx probability density function shows the probability of GX Funds etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days GX Funds has a beta of 0.5626 suggesting as returns on the market go up, GX Funds average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GX Funds Gx will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. GX Funds Gx is significantly underperforming DOW.
  Odds Below 22.73HorizonTargetOdds Above 22.73
9.72%90 days
 22.73 
90.15%
Based on a normal probability distribution, the odds of GX Funds to move above the current price in 90 days from now is about 90.15 (This GX Funds Gx probability density function shows the probability of GX Funds Etf to fall within a particular range of prices over 90 days) .

GX Funds Gx Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. GX Funds market risk premium is the additional return an investor will receive from holding GX Funds 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 Funds. 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 Funds' alpha and beta are two of the key measurements used to evaluate GX Funds' performance over the market, the standard measures of volatility play an important role as well.

GX Funds Gx Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. GX Funds Price Ceiling Movement function is a real number to the largest previous price integer.
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GX Funds Against Markets

Picking the right benchmark for GX Funds 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 Funds 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 Funds is critical whether you are bullish or bearish towards GX Funds Gx 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 Funds without increasing your portfolio risk or giving up 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.

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Probability Of Bankruptcy

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Investing GX Funds Gx

You need to understand the risk of investing before taking a position in GX Funds. The danger of trading GX Funds Gx 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 Funds 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 Funds. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GX Funds Gx 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.
Continue to Investing Opportunities. Note that the GX Funds Gx information on this page should be used as a complementary analysis to other GX Funds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running GX Funds Gx price analysis, check to measure GX Funds' 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 Funds is operating at the current time. Most of GX Funds' value examination focuses on studying past and present price action to predict the probability of GX Funds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GX Funds' price. Additionally, you may evaluate how the addition of GX Funds to your portfolios can decrease your overall portfolio volatility.
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The market value of GX Funds Gx is measured differently than its book value, which is the value of GX Funds that is recorded on the company's balance sheet. Investors also form their own opinion of GX Funds' value that differs from its market value or its book value, called intrinsic value, which is GX Funds' 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 Funds' market value can be influenced by many factors that don't directly affect GX Funds' 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 Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine GX Funds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GX Funds' 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.