Global X Etf Profile
Global X is trading at 24.55 as of the 27th of March 2025. This is a No Change since the beginning of the trading day. The etf's lowest day price was 24.55. The performance scores are derived for the period starting the 27th of December 2024 and ending today, the 27th of March 2025. Click here to learn more.
Global Etf Highlights
| Business Concentration | Derivative Income (View all Sectors) |
| 200 Day M A | 25.255 |
| Country Name | USA |
| 50 Day M A | 24.1744 |
| Code | HYLG |
| Updated At | 22nd of February 2025 |
| Returns Y T D | 4.01 |
| Name | Global X Funds - Global X Health Care Covered Call Growth ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01BM2DLJ4 |
| Type | ETF |
| 1y Volatility | 10.91 |
Global X [HYLG] is traded in USA and was established null. The fund is listed under Derivative Income. Global X currently have in assets under management (AUM). , while the total return for the last year was 0.8%.
Check Global X Probability Of Bankruptcy
Global X 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.
| Mean Deviation | 0.313 | |||
| Standard Deviation | 0.4101 | |||
| Variance | 0.1682 | |||
| Downside Variance | 0.0997 |
Global X Against Markets
Global X Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global X etf to make a market-neutral strategy. Peer analysis of Global X could also be used in its relative valuation, which is a method of valuing Global X by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Global X 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.