Global Etf Profile

ICLN
 Etf
  

USD 18.47  0.50  2.64%   

Market Performance
0 of 100
Odds Of Distress
Less than 6
Global Clean is selling for 18.47 as of the 7th of October 2022. This is a -2.64% down since the beginning of the trading day. The etf's open price was 18.97. Global Clean has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Global Clean Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of October 2020 and ending today, the 7th of October 2022. Click here to learn more.
The index is designed to track the performance of approximately 100 clean energy-related companies. Global Clean is traded on NYSEArca Exchange in the United States. More on Global Clean Energy

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Global Clean 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. Global Clean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Global Clean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Global Clean Energy generated a negative expected return over the last 90 days
The fund retains 99.56% 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 Global Clean's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssueriShares
Inception Date2008-06-24
BenchmarkS&P Global Clean Energy Index
Entity TypeRegulated Investment Company
Asset Under Management4.96 Billion
Average Trading Valume5.05 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerJennifer Hsui, Greg Savage, Paul Whitehead, Amy Whitelaw
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Apr
ExchangeNASDAQ
Number of Constituents121
Market MakerVirtu Financial
Total Expense0.4
Management Fee0.4
Nav Price22.3
Two Hundred Day Average20.19
Ytd-7.21%
Average Daily Volume In Three Month4.65M
Fifty Two Week Low16.35
As Of Date22nd of July 2022
Average Daily Volume Last 10 Day4.89M
Fifty Two Week High25.8
One Month2.86%
Fifty Day Average21.87
Three Month1.29%
Beta In Three Year1.22
Global Clean Energy [ICLN] is traded in USA and was established 2008-06-24. The fund is listed under Miscellaneous Sector category and is part of iShares family. Global Clean Energy currently have 4.79 B in assets under management (AUM). , while the total return for the last 3 years was 23.12%.
Check Global Clean 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 Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global 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 Global Clean Energy 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.

Global Clean Energy Currency Exposure (%)

Top Global Clean Energy Constituents

Global Clean Target Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Global Clean jumping above the current price in 90 days from now is roughly 97.0%. The Global Clean Energy probability density function shows the probability of Global Clean etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.0714. This usually indicates Global Clean Energy market returns are very sensitive to returns on the market. As the market goes up or down, Global Clean is expected to follow. Additionally, the company has an alpha of 0.0775, implying that it can generate a 0.0775 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 18.47HorizonTargetOdds Above 18.47
3.46%90 days
 18.47 
96.51%
Based on a normal probability distribution, the odds of Global Clean to move above the current price in 90 days from now is roughly 97.0 (This Global Clean Energy probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .

Global Clean Top Holders

Global Clean Major Institutional Holders

Institutional Holdings refers to the ownership stake in Global Clean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Global Clean'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 Global Clean's value.
InstituionSecurity TypeTotal SharesValue
Bank Of America CorpFund Units8.8 M167.5 M
Arosa Capital Management LpCall Options5.1 M97.2 M
Squarepoint Ops LlcPut Options3.1 M60 M
View Global Clean Diagnostics

Global Clean Energy Risk Profiles

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

Global Clean Energy Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Global Clean Energy Tanh Of Price Series is a hyperbolic price transformation function.
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Global Clean Against Markets

Picking the right benchmark for Global Clean 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 Global Clean 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 Global Clean is critical whether you are bullish or bearish towards Global Clean Energy at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Global Clean 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 Global Clean Energy?

The danger of trading Global Clean Energy 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 Global Clean 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 Global Clean. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global Clean Energy 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.
Please see Risk vs Return Analysis. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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The market value of Global Clean Energy 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 Clean's value that differs from its market value or its book value, called intrinsic value, which is Global Clean'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 Clean's market value can be influenced by many factors that don't directly affect Global Clean'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 Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine Global Clean value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Clean'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.