Global X Gold Etf Price on September 11, 2024
| HGY Etf | CAD 11.53 0.11 0.96% |
Below is the normalized historical share price chart for Global X Gold extending back to December 20, 2010. 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 11.53, as last reported on the 11th of December 2024, with the highest price reaching 11.64 and the lowest price hitting 11.50 during the day.
If you're considering investing in Global Etf, it is important to understand the factors that can impact its price. As of now, Global Etf is very steady. Global X Gold holds Efficiency (Sharpe) Ratio of 0.0786, which attests that the entity had a 0.0786% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global X Gold, which you can use to evaluate the volatility of the entity. Please check out Global X's Downside Deviation of 0.9657, market risk adjusted performance of (0.27), and Risk Adjusted Performance of 0.069 to validate if the risk estimate we provide is consistent with the expected return of 0.0636%.
Global Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 10.58 | 200 Day MA 10.889 | 1 y Volatility 8.6 | 50 Day MA 11.53 | Inception Date 2010-12-17 |
Global |
Sharpe Ratio = 0.0786
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Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Global X is performing at about 6% 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.
Average Mkt Cap Mil CADÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
Global X Valuation on September 11, 2024
It is possible to determine the worth of Global X on a given historical date. On September 11, 2024 Global was worth 10.99 at the beginning of the trading date compared to the closed value of 10.96. 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 | |
| 11.00 | 11.00 | 10.93 | 10.93 | 400.00 | |
09/11/2024 | 10.99 | 10.99 | 10.95 | 10.96 | 19,100 |
| 11.01 | 11.10 | 11.01 | 11.10 | 6,700 |
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Global X Trading Date Momentum on September 11, 2024
| On September 12 2024 Global X Gold was traded for 11.10 at the closing time. The maximum traded price for the trading interval was 11.10 and the lowest daily price was 11.01 . The daily volume was recorded at 6.7 K. The volume of trading on 12th of September 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 1.28% . The overall trading delta to the closing price today is 3.38% . |
Global X Gold Fundamentals Correlations and Trends
By evaluating Global X's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global X's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.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
Horizons HGY seeks to achieve its investment objectives by investing, either directly or indirectly, in a portfolio of securities and other instruments that provide exposure to the price of gold bullion . HORIZONS GOLD is traded on Toronto Stock Exchange in Canada.
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 11, 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 11, 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 | 0.069 | |||
| Jensen Alpha | 0.0922 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.28) |
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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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..