Global Etf Performance

QYLD
 Etf
  

USD 16.61  0.03  0.18%   

The etf retains a Market Volatility (i.e., Beta) of 0.8276, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Global's beta means in this case. As returns on the market increase, Global X returns are expected to increase less than the market. However, during the bear market, the loss on holding Global X will be expected to be smaller as well. Although it is important to respect Global X NASDAQ current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Global X NASDAQ technical indicators, you can presently evaluate if the expected return of 0.0358% will be sustainable into the future.
  
Global Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Global X NASDAQ are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound essential indicators, Global X is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more

Global Price Channel

Fifty Two Week Low15.00
Fifty Two Week High22.90

Global X Relative Risk vs. Return Landscape

If you would invest  1,634  in Global X NASDAQ on September 2, 2022 and sell it today you would earn a total of  27.00  from holding Global X NASDAQ or generate 1.65% return on investment over 90 days. Global X NASDAQ is currently generating 0.0358% in daily expected returns and assumes 1.4098% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than Global, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Global X is expected to generate 3.49 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.07 times less risky than the market. It trades about 0.03 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.08 of returns per unit of risk over similar time horizon.

Global X Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Global X NASDAQ, and traders can use it to determine the average amount a Global X's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0254

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Estimated Market Risk
 1.41
  actual daily
 
 12 %
of total potential
 
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 0.04
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Based on monthly moving average Global X is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Global X by adding it to a well-diversified portfolio.

About Global X Performance

To evaluate Global X NASDAQ Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Global X generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Global Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Global X NASDAQ market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Global's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund will invest at least 80 percent of its total assets in the securities of the underlying index. Gx Nasdaq-100 is traded on NASDAQ Exchange in the United States.

Things to note about Global X NASDAQ

Checking the ongoing alerts about Global X for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Global X NASDAQ help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Global X Alerts

Equity Alerts and Improvement Suggestions

On 30th of November 2022 Global X paid $ 0.1648 per share dividend to its current shareholders
The fund maintains 98.84% of its assets in stocks
Please see Your Equity Center. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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