Global X Gold Etf Price on April 22, 2024
| GLCC Etf | 25.72 0.23 0.89% |
Below is the normalized historical share price chart for Global X Gold extending back to April 14, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Global X stands at 25.72, as last reported on the 20th of December, with the highest price reaching 26.19 and the lowest price hitting 25.64 during the day.
If you're considering investing in Global Etf, it is important to understand the factors that can impact its price. Global X Gold holds Efficiency (Sharpe) Ratio of -0.0719, which attests that the entity had a -0.0719% return per unit of risk over the last 3 months. Global X Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global X's Standard Deviation of 2.02, market risk adjusted performance of (0.22), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide.
Global Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 26.7356 | 50 Day MA 28.5424 | Beta 0.99 |
Global |
Sharpe Ratio = -0.0719
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GLCC |
Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Global X is not performing at its full potential. However, 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 Global X to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
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Global X Valuation on April 22, 2024
It is possible to determine the worth of Global X on a given historical date. On April 22, 2024 Global was worth 23.03 at the beginning of the trading date compared to the closed value of 22.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global X etf. Still, in general, we apply an absolute valuation method to find Global X's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global X where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global X's related companies.
| Open | High | Low | Close | Volume | |
| 23.70 | 23.86 | 23.62 | 23.80 | 62,400 | |
04/22/2024 | 23.03 | 23.13 | 22.66 | 22.71 | 95,200 |
| 22.50 | 22.99 | 22.38 | 22.93 | 53,000 |
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Global X Trading Date Momentum on April 22, 2024
| On April 23 2024 Global X Gold was traded for 22.93 at the closing time. The highest price during the trading period was 22.99 and the lowest recorded bid was listed for 22.38 . The volume for the day was 53 K. This history from April 23, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.97% . The overall trading delta to the current price is 1.19% . |
About Global X Etf history
Global X investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global X Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Global X stock prices may prove useful in developing a viable investing in Global X
Global X Etf Technical Analysis
Global X technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Global X Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Global X Gold cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Global X December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Global X etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global X shares will generate the highest return on investment. By undertsting and applying Global X etf market strength indicators, traders can identify Global X Gold entry and exit signals to maximize returns
Global X Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global X's price direction in advance. Along with the technical and fundamental analysis of Global Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.23) |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global X Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.