Global X Blockchain Etf Performance
| BITS Etf | USD 71.88 3.87 5.11% |
The etf retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global X are expected to decrease at a much lower rate. During the bear market, Global X is likely to outperform the market.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Global X Blockchain are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Global X unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Global X Blockchain Bitcoin Strategy ETF Sees Significant Decline in Short Interest | 10/28/2024 |
2 | Bitcoin ETF BITS Hits New 52-Week High - Yahoo Finance | 11/25/2024 |
3 | Bits Bips Why XRP Might Have Been The Most Hated Rally Ever - Unchained | 12/04/2024 |
4 | Disposition of 1700 shares by Gruber Mcbaine Capital Management Llc of Global X at 3.47 subject to Rule 16b-3 | 12/23/2024 |
| In Threey Sharp Ratio | 0.39 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 4,766 in Global X Blockchain on October 10, 2024 and sell it today you would earn a total of 2,422 from holding Global X Blockchain or generate 50.82% return on investment over 90 days. Global X Blockchain is currently generating 0.7721% in daily expected returns and assumes 4.478% risk (volatility on return distribution) over the 90 days horizon. In different words, 39% of etfs are less volatile than Global, and 85% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Global X Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Global X Blockchain, and traders can use it to determine the average amount a Global X's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1724
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BITS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.48 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Global X is performing at about 13% 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.
Global X Fundamentals Growth
Global Etf prices reflect investors' perceptions of the future prospects and financial health of Global X, and Global X fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Etf performance.
| Return On Asset | -12.8 | |||
| Profit Margin | (18.99) % | |||
| Operating Margin | (16.00) % | |||
| Current Valuation | 42.09 M | |||
| Shares Outstanding | 10.68 M | |||
| Price To Book | 3.43 X | |||
| Price To Sales | 1.68 X | |||
| Revenue | 27.46 M | |||
| EBITDA | (3.7 M) | |||
| Cash And Equivalents | 4.03 M | |||
| Cash Per Share | 0.38 X | |||
| Cash Flow From Operations | (2.24 M) | |||
| Earnings Per Share | (0.51) X | |||
| Total Asset | 7.85 M | |||
| Retained Earnings | (23.95 M) | |||
| Current Asset | 5.98 M | |||
| Current Liabilities | 6.24 M | |||
About Global X Performance
Assessing Global X's fundamental ratios provides investors with valuable insights into Global X's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Global X is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing directly or indirectly in equity securities of U.S. and non-U.S. G-X Blockchain is traded on NASDAQ Exchange in the United States.| 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Blockchain. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.