Global X Cleantech Etf Profile
| CTEC Etf | USD 7.42 0.14 1.92% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Global X is trading at 7.42 as of the 30th of November 2024, a 1.92 percent increase since the beginning of the trading day. The etf's open price was 7.28. Global X has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Global X CleanTech are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets, plus borrowings for investments purposes, in the securities of the index and in ADRs, GDRs based on the securities in the index. Gx Cleantech is traded on NASDAQ Exchange in the United States. More on Global X CleanTech
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Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Names | [P2 Gold Inc, Fastilium Property Group AB] |
| Business Concentration | Strategy ETFs, Theme ETFs, Global Small/Mid Stock, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2020-10-21 |
| Benchmark | Indxx Global CleanTech Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 34.56 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Chang Kim, Nam To, Wayne Xie, Kimberly Chan |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Nov |
| Exchange | NASDAQ |
| Number of Constituents | 38.0 |
| Market Maker | GTS |
| Total Expense | 0.5 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | (32.48) |
| Name | Global X CleanTech ETF |
| Currency Code | USD |
| Open Figi | BBG00Y056818 |
| In Threey Volatility | 37.03 |
| 1y Volatility | 36.89 |
| 200 Day M A | 8.4068 |
| 50 Day M A | 7.5322 |
| Code | CTEC |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.87) |
Global X CleanTech [CTEC] is traded in USA and was established 2020-10-27. The fund is listed under Global Small/Mid Stock category and is part of Global X Funds family. The entity is thematically classified as Strategy ETFs. Global X CleanTech currently have 108.48 M in assets under management (AUM). , while the total return for the last 3 years was -28.7%.
Check Global X 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 X CleanTech 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 X CleanTech Currency Exposure
Global X CleanTech holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Global X will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Global X CleanTech.
Top Global X CleanTech Etf Constituents
| 006400 | Samsung SDI | Stock | Information Technology | |
| 336260 | Doosan Fuel Cell | Stock | Electrical Equipment & Parts | |
| PLUG | Plug Power | Stock | Industrials | |
| JMAT | Johnson Matthey PLC | Stock | Materials | |
| 6121 | Simplo Technology Co | Stock | Electrical Equipment & Parts | |
| SEDG | SolarEdge Technologies | Stock | Information Technology | |
| JKS | JinkoSolar Holding | Stock | Information Technology | |
| VWS | Vestas Wind Systems | Stock | Industrials |
Global X Top Holders
| APHJX | Artisan International Small | Mutual Fund | Foreign Small/Mid Growth | |
| APDJX | Artisan International Small Mid | Mutual Fund | Foreign Small/Mid Growth |
Global X CleanTech Risk Profiles
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 X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.4276 |
Global X Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X CleanTech. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
The market value of Global X CleanTech 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 if Global X is a good investment 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.