Global X Copper Etf Performance
| COPX Etf | USD 39.44 0.26 0.66% |
The etf retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global X's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global X is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Global X Copper has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's basic indicators remain fairly strong which may send shares a bit higher in February 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
1 | Trump 2.0 Trade Policies Could Hit Copper Stocks Harder, Warns JPMorgan Analyst | 10/15/2024 |
2 | Gold Quest - Manic Metals Report | 10/30/2024 |
3 | Copper Slightly Up Post Last Weeks Losses China Stimulus Underwhelms | 11/11/2024 |
4 | Metal Markets Report For Monday, Nov 25 | 11/26/2024 |
5 | Pivots Trading Plans and Risk Controls - Stock Traders Daily | 12/02/2024 |
6 | Gold Reverses Early Losses To Trade Higher Copper Climbs On Tight Supply Concerns | 12/06/2024 |
7 | Metal Markets Report For Wednesday, Dec 11 | 12/12/2024 |
8 | Golds Ready For Another Wave Up | 01/07/2025 |
| In Threey Sharp Ratio | 0.15 |
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 4,622 in Global X Copper on October 11, 2024 and sell it today you would lose (678.00) from holding Global X Copper or give up 14.67% of portfolio value over 90 days. Global X Copper is currently does not generate positive expected returns and assumes 1.8591% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of etfs are less volatile than Global, and 99% 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 Copper, 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 = -0.1283
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| Negative Returns | COPX |
Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 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.
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.
| Price To Earning | 28.31 X | |||
| Price To Book | 0.96 X | |||
| Price To Sales | 0.83 X | |||
| Total Asset | 1.32 B | |||
About Global X Performance
Evaluating Global X's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Global X has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Global X has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Copper is traded on NYSEARCA Exchange in the United States.| Global X Copper generated a negative expected return over the last 90 days | |
| Latest headline from talkmarkets.com: Golds Ready For Another Wave Up | |
| The fund holds 99.85% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Copper. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Global X Copper 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.