Gx Funds Etf Profile

DJIA
 Etf
  

USD 21.99  0.01  0.0455%   

Market Performance
3 of 100
Odds Of Distress
Less than 40
Gx Funds is trading at 21.99 as of the 29th of November 2022, a -0.05% down since the beginning of the trading day. The etf's open price was 22.0. Gx Funds has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading 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 9th of December 2020 and ending today, the 29th of November 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

+0.78VTITotal Stock MarketPairCorr
+0.78SPYSP 500 SPDRPairCorr
+0.78IVVSP 500 IsharesPairCorr
+0.83VIGDividend Appreciation ETFPairCorr

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. 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.
On 1st of November 2022 Gx Funds paid $ 0.2157 per share dividend to its current shareholders
The fund retains 99.85% 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
Inception Date2022-02-23
BenchmarkDJIA Cboe BuyWrite v2 Index
Entity TypeRegulated Investment Company
Asset Under Management54.16 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
Market MakerJane Street
Total Expense0.6
Management Fee0.6
Nav Price21.77
Two Hundred Day Average23.12
Average Daily Volume In Three Month42.83k
Fifty Two Week Low20.17
As Of Date25th of October 2022
Average Daily Volume Last 10 Day56.85k
Fifty Two Week High25.92
One Month6.12%
Fifty Day Average21.43
Three Month-3.11%
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 39.09 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.

Top Gx Funds Gx Constituents

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 12.38%. 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 0.6301 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 21.99HorizonTargetOdds Above 21.99
87.43%90 days
 21.99 
12.38%
Based on a normal probability distribution, the odds of Gx Funds to move above the current price in 90 days from now is about 12.38 (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 Major Institutional Holders

Institutional Holdings refers to the ownership stake in Gx Funds that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Gx Funds' 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 Funds' value.
InstituionSecurity TypeTotal SharesValue
Truadvice LlcFund Units688.3 K15.1 M
View Gx Funds Diagnostics

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 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 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.

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Invested in Gx Funds Gx?

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. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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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.