Global X Blockchain Etf Odds of Future Etf Price Finishing Over 75.75
| BITS Etf | USD 75.75 2.54 3.47% |
Closest to current price Global long PUT Option Payoff at Expiration
Global |
Global X Target Price Odds to finish over 75.75
The tendency of Global Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 75.75 | 90 days | 75.75 | about 17.34 |
Based on a normal probability distribution, the odds of Global X to move above the current price in 90 days from now is about 17.34 (This Global X Blockchain probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Global X Blockchain has a beta of -0.16 suggesting as returns on the benchmark increase, returns on holding Global X are expected to decrease at a much lower rate. During a bear market, however, Global X Blockchain is likely to outperform the market. Additionally Global X Blockchain has an alpha of 0.6833, implying that it can generate a 0.68 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Global X Price Density |
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Predictive Modules for Global X
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global X Blockchain. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global X's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Global X Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Global X is not an exception. The market had few large corrections towards the Global X's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Global X Blockchain, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Global X within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.68 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 10.66 | |
Ir | Information ratio | 0.16 |
Global X Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Global X for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Global X Blockchain can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Global X Blockchain appears to be risky and price may revert if volatility continues | |
| Global X Blockchain has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Global X until it has trouble settling it off, either with new capital or with free cash flow. So, Global X's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Global X Blockchain sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Global to invest in growth at high rates of return. When we think about Global X's use of debt, we should always consider it together with cash and equity. | |
| Global X Blockchain reported the previous year's revenue of 27.46 M. Net Loss for the year was (5.21 M) with profit before overhead, payroll, taxes, and interest of 12.1 M. | |
| Global X Blockchain currently holds about 4.03 M in cash with (2.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38. | |
| Roughly 46.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1700 shares by Gruber Mcbaine Capital Management Llc of Global X at 3.47 subject to Rule 16b-3 |
Global X Technical Analysis
Global X's future price can be derived by breaking down and analyzing its technical indicators over time. Global Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Global X Blockchain. In general, you should focus on analyzing Global Etf price patterns and their correlations with different microeconomic environments and drivers.
Global X Predictive Forecast Models
Global X's time-series forecasting models is one of many Global X's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Global X's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about Global X Blockchain
Checking the ongoing alerts about Global X for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Global X Blockchain help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Global X Blockchain appears to be risky and price may revert if volatility continues | |
| Global X Blockchain has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Global X until it has trouble settling it off, either with new capital or with free cash flow. So, Global X's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Global X Blockchain sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Global to invest in growth at high rates of return. When we think about Global X's use of debt, we should always consider it together with cash and equity. | |
| Global X Blockchain reported the previous year's revenue of 27.46 M. Net Loss for the year was (5.21 M) with profit before overhead, payroll, taxes, and interest of 12.1 M. | |
| Global X Blockchain currently holds about 4.03 M in cash with (2.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38. | |
| Roughly 46.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1700 shares by Gruber Mcbaine Capital Management Llc of Global X at 3.47 subject to Rule 16b-3 |
Check out Global X Backtesting, Portfolio Optimization, Global X Correlation, Global X Hype Analysis, Global X Volatility, Global X History as well as Global X Performance. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Global X Blockchain 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.