Global X's market value is the price at which a share of Global X trades on a public exchange. It measures the collective expectations of Global X Funds investors about its performance. Global X is trading at 48.87 as of the 29th of November 2024, a 1.81 percent up since the beginning of the trading day. The stock's open price was 48.0. With this module, you can estimate the performance of a buy and hold strategy of Global X Funds and determine expected loss or profit from investing in Global X over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Global
Global X 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Global X's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Global X.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in Global X on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Global X Funds or generate 0.0% return on investment in Global X over 540 days.
Global X Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global X's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Global X Funds upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global X's standard deviation. In reality, there are many statistical measures that can use Global X historical prices to predict the future Global X's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Global X. Your research has to be compared to or analyzed against Global X's peers to derive any actionable benefits. When done correctly, Global X's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Global X Funds.
Global X Funds Backtested Returns
At this point, Global X is very steady. Global X Funds holds Efficiency (Sharpe) Ratio of 0.0945, which attests that the entity had a 0.0945% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global X Funds, which you can use to evaluate the volatility of the firm. Please check out Global X's Risk Adjusted Performance of 0.0928, market risk adjusted performance of (0.72), and Downside Deviation of 1.92 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Global X has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.23, 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. Global X Funds right now retains a risk of 1.58%. Please check out Global X jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if Global X will be following its current trending patterns.
Auto-correlation
0.25
Poor predictability
Global X Funds has poor predictability. Overlapping area represents the amount of predictability between Global X time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Global X Funds price movement. The serial correlation of 0.25 indicates that over 25.0% of current Global X price fluctuation can be explain by its past prices.
Correlation Coefficient
0.25
Spearman Rank Test
0.26
Residual Average
0.0
Price Variance
5.8
Global X Funds lagged returns against current returns
Autocorrelation, which is Global X stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Global X's stock expected returns. We can calculate the autocorrelation of Global X returns to help us make a trade decision. For example, suppose you find that Global X has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Global X regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Global X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global X stock over time.
Current vs Lagged Prices
Timeline
Global X Lagged Returns
When evaluating Global X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global X stock have on its future price. Global X autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Global X autocorrelation shows the relationship between Global X stock current value and its past values and can show if there is a momentum factor associated with investing in Global X Funds.
Regressed Prices
Timeline
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