Clough Global Opportunities Etf Performance

XGLOX Etf  USD 6.16  0.01  0.16%   
The etf shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clough Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clough Global is expected to be smaller as well.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Clough Global Opportunities are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent basic indicators, Clough Global may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
Expense Ratio3.4200
  

Clough Global Relative Risk vs. Return Landscape

If you would invest  577.00  in Clough Global Opportunities on December 29, 2023 and sell it today you would earn a total of  39.00  from holding Clough Global Opportunities or generate 6.76% return on investment over 90 days. Clough Global Opportunities is currently producing 0.1076% returns and takes up 0.6491% volatility of returns over 90 trading days. Put another way, 5% of traded etfs are less volatile than Clough, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon Clough Global is expected to generate 1.23 times less return on investment than the market. In addition to that, the company is 1.13 times more volatile than its market benchmark. It trades about 0.17 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of volatility.

Clough Global Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Clough Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Clough Global Opportunities, and traders can use it to determine the average amount a Clough Global'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 = 0.1658

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Estimated Market Risk

 0.65
  actual daily
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95% of assets are more volatile

Expected Return

 0.11
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98% of assets have higher returns

Risk-Adjusted Return

 0.17
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88% of assets perform better
Based on monthly moving average Clough Global is performing at about 12% 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 Clough Global by adding it to a well-diversified portfolio.

Clough Global Fundamentals Growth

Clough Etf prices reflect investors' perceptions of the future prospects and financial health of Clough Global, and Clough Global 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 Clough Etf performance.

About Clough Global Performance

To evaluate Clough Global Opport Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Clough Global generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Clough Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Clough Global Opport market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Clough's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Clough Global is entity of United States. It is traded as Etf on NMFQS exchange.