Global X Alternative Etf Profile
ALTY Etf | USD 11.88 0.11 0.92% |
Performance16 of 100
| Odds Of DistressLess than 9
|
Global X is trading at 11.88 as of the 8th of October 2024; that is 0.92 percent decrease since the beginning of the trading day. The etf's open price was 11.99. Global X has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Global X Alternative are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of September 2024 and ending today, the 8th of October 2024. Click here to learn more.
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 Superdividend is traded on NASDAQ Exchange in the United States.. More on Global X Alternative
Moving together with Global Etf
Global Etf Highlights
Business Concentration | Aggressive Allocation, Global X Funds (View all Sectors) |
Country Name | USA |
Returns Y T D | 11.87 |
Name | Global X Alternative Income ETF |
Currency Code | USD |
Open Figi | BBG009L6H4R7 |
In Threey Volatility | 12.84 |
1y Volatility | 8.76 |
200 Day M A | 11.4588 |
50 Day M A | 11.7685 |
Code | ALTY |
Updated At | 7th of October 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | 0.08 |
Type | ETF |
Global X Alternative [ALTY] is traded in USA and was established 2015-07-13. The fund is listed under Aggressive Allocation category and is part of Global X Funds family. Global X Alternative presently have 34.1 M in assets under management (AUM). , while the total return for the last 3 years was 4.1%.
Check Global X Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Alternative Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X Alternative Etf Constituents
ETV | Eaton Vance Tax | Fund | Asset Management | |
USAC | USA Compression Partners | Stock | Energy | |
TEI | Templeton Emerging Markets | Fund | Asset Management | |
SUN | Sunoco LP | Stock | Energy | |
RA | Brookfield Real Assets | Fund | Asset Management | |
OKE | ONEOK Inc | Stock | Energy | |
NFJ | Virtus Dividend Interest | Fund | Asset Management | |
MPLX | MPLX LP | Stock | Energy |
Global X Alternative Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
Risk Adjusted Performance | 0.128 | |||
Jensen Alpha | 0.0317 | |||
Total Risk Alpha | 0.0189 | |||
Sortino Ratio | (0.02) |
Global X Against Markets
Additional Information and Resources on Investing in Global Etf
When determining whether Global X Alternative offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Global X's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Global X Alternative Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Global X Alternative Etf:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Alternative. 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of Global X Alternative 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.