Global X (Australia) Performance
| EBTC Etf | 13.09 0.03 0.23% |
The etf retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Global X returns are very sensitive to returns on the market. As the market goes up or down, Global X is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Global X 21Shares has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Etf's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the exchange-traded fund private investors. ...more
Global |
Global X Relative Risk vs. Return Landscape
If you would invest 1,486 in Global X 21Shares on December 23, 2024 and sell it today you would lose (177.00) from holding Global X 21Shares or give up 11.91% of portfolio value over 90 days. Global X 21Shares is generating negative expected returns and assumes 4.0183% volatility on return distribution over the 90 days horizon. Simply put, 35% of etfs are less volatile than Global, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. 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 21Shares, 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 = -0.0315
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | EBTC |
Estimated Market Risk
| 4.02 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 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.
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.
| Global X 21Shares generated a negative expected return over the last 90 days | |
| Global X 21Shares has high historical volatility and very poor performance |
Other Information on Investing in Global Etf
Global X financial ratios help investors to determine whether Global Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global X security.