Global Etf Profile

LIT -  USA Etf  

USD 82.52  0.97  1.19%

Global X is selling for under 82.52 as of the 27th of September 2021; that is 1.19 percent up since the beginning of the trading day. The etf's last reported lowest price was 81.55. Global X has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Global X Lithium are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of July 2021 and ending today, the 27th of September 2021. Click here to learn more.
 Market Performance
8 of 100
  Odds Of Distress
Less than 1

Global X Etf Profile

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. Global X is traded on NYSEArca Exchange in the United States. more on Global X
Global X Lithium is unlikely to experience financial distress in the next 2 years
The fund maintains 99.68% of its assets in stocks
Legal NameGlobal X Lithium
Thematic Classifications
Active investing themes Global currently participates. (view all). An investing theme is an unweighted collection of funds, stocks, ETFs or cryptocurrencies
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Global X's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
IssuerGlobal X
DescriptionGlobal X Lithium & Battery Tech ETF
Inception Date2010-07-22
BenchmarkSolactive Global Lithium Index
Entity TypeRegulated Investment Company
Asset Under Management4.82 Billion
Average Trading Valume909,794
Asset TypeEquity
FocusBasic Materials
Market ConcentrationBlended Development
AdministratorGlobal X Management Company LLC
AdvisorGlobal X Management Company LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerChang Kim, James Ong, Nam To
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End30-Apr
ExchangeNYSE Arca, Inc.
Number of Constituents47.0
Market MakerVirtu Financial
Total Expense0.75
Management Fee0.75
Nav Price82.68
Two Hundred Day Average71.26
Average Daily Volume In Three Month930.63k
Fifty Two Week Low38.04
As Of Date30th of June 2021
Average Daily Volume Last 10 Day879.14k
Fifty Two Week High87.2
One Month9.11%
Fifty Day Average84.01
Three Month24.01%
Global X Lithium [LIT] is traded in USA and was established 2010-07-22. The fund is classified under Natural Resources category within Global X Funds family. The entity is thematically classified as Robots And Drones. Global X Lithium now have 3.64 B in assets. , while the total return for the last 3 years was 32.84%.
Check Global X Probability Of Bankruptcy

Geographic Allocation (%)

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 X , and the less return is expected.

Global X Lithium Currency Exposure (%)

Top Global X Lithium Constituents

Global X Target Price Odds Analysis

What are Global X's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of Global X jumping above the current price in 90 days from now is about 35.49%. The Global X Lithium probability density function shows the probability of Global X etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Global X has a beta of 0.2653. This indicates as returns on the market go up, Global X average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Global X Lithium will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2816, implying that it can generate a 0.28 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 82.52HorizonTargetOdds Up 82.52 
64.32%90 days
Based on a normal probability distribution, the odds of Global X to move above the current price in 90 days from now is about 35.49 (This Global X Lithium probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .

Global X Top Holders

Global X Lithium Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Global X market risk premium is the additional return an investor will receive from holding Global X long position in a well-diversified portfolio. 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. Although Global X's alpha and beta are two of the key measurements used to evaluate Global X's performance over the market, the standard measures of volatility play an important role as well.

Global X Lithium Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Global X Lithium Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Global X price patterns. View also all equity analysis or get more info about inverse tangent over price movement math transform indicator.

Global X Against Markets

Picking the right benchmark for Global X etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Global X etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Global X is critical whether you are bullish or bearish towards Global X Lithium at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Global X without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Stocks Correlation. Note that the Global X Lithium information on this page should be used as a complementary analysis to other Global X's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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The market value of Global X Lithium 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 Lithium underlying business (such as 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 Global X value 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.