GX Nasdaq-100 Etf Profile

QYLD
 Etf
  

USD 17.53  0.03  0.17%   

Market Performance
0 of 100
Odds Of Distress
Less than 22
GX Nasdaq-100 is trading at 17.53 as of the 29th of June 2022, a 0.17% increase since the beginning of the trading day. The etf's lowest day price was 17.46. GX Nasdaq-100 has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for GX Nasdaq-100 Covered are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2020 and ending today, the 29th of June 2022. Click here to learn more.
The fund will invest at least 80 percent of its total assets in the securities of the underlying index. GX Nasdaq-100 is traded on NYSEArca Exchange in the United States. More on GX Nasdaq-100 Covered

Moving together with GX Nasdaq-100

0.91MSFTMicrosoft Corp Fiscal Year End 26th of July 2022 PairCorr
0.95CSCOCisco Systems Fiscal Year End 17th of August 2022 PairCorr
0.95DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr

GX Nasdaq-100 Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. GX Nasdaq-100's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GX Nasdaq-100 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
GX Nasdaq-100 generated a negative expected return over the last 90 days
The fund maintains 99.76% of its assets in stocks
Thematic Ideas
(view all).
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 GX Nasdaq-100's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerGlobal X
DescriptionGlobal X Nasdaq 100 Covered Call ETF
Inception Date2013-12-11
BenchmarkCBOE Nasdaq-100 BuyWrite V2 Index
Entity TypeRegulated Investment Company
Asset Under Management6.65 Billion
Average Trading Valume5.16 Million
Asset TypeEquity
CategoryStrategy
FocusBuywrite
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorGlobal X Management Company LLC
AdvisorGlobal X Management Company LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerChang Kim, CFA; James Ong, CFA; Nam To; Wayne Xie
Transfer AgentBrown Brothers Harriman & Co.
TrusteeStradley Ronon Stevens & Young, LLP
Fiscal Year End31-Oct
ExchangeNASDAQ
Number of Constituents105
Market MakerVirtu Financial
Total Expense0.6
Management Fee0.6
Nav Price18.67
Two Hundred Day Average20.95
Ytd-15.37%
Average Daily Volume In Three Month6.21M
Fifty Two Week Low17.01
As Of Date11th of May 2022
Average Daily Volume Last 10 Day6.08M
Fifty Two Week High23.15
One Month-11.85%
Fifty Day Average18.67
GX Nasdaq-100 Covered [QYLD] is traded in USA and was established 2013-12-11. The fund is listed under Strategy category and is part of Global X Funds family. The entity is thematically classified as Artificial Intelligence. GX Nasdaq-100 Covered at this time have 6.9 B in assets. , while the total return for the last 3 years was 4.17%.
Check GX Nasdaq-100 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 GX Nasdaq-100 Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding GX Nasdaq-100 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 GX Nasdaq-100 Covered 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 GX Nasdaq-100 Covered Constituents

GX Nasdaq-100 Target Price Odds Analysis

What are GX Nasdaq-100's target price odds to finish over the current price? Based on a normal probability distribution, the odds of GX Nasdaq-100 jumping above the current price in 90 days from now is about 83.93%. The GX Nasdaq-100 Covered probability density function shows the probability of GX Nasdaq-100 etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days GX Nasdaq-100 has a beta of 0.9803 indicating GX Nasdaq-100 Covered market returns are highly-sensitive to returns on the market. As the market goes up or down, GX Nasdaq-100 is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. GX Nasdaq-100 Covered is significantly underperforming DOW.
  Odds Below 17.53HorizonTargetOdds Above 17.53
15.95%90 days
 17.53 
83.93%
Based on a normal probability distribution, the odds of GX Nasdaq-100 to move above the current price in 90 days from now is about 83.93 (This GX Nasdaq-100 Covered probability density function shows the probability of GX Nasdaq-100 Etf to fall within a particular range of prices over 90 days) .

GX Nasdaq-100 Top Holders

GX Nasdaq-100 Covered Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. GX Nasdaq-100 market risk premium is the additional return an investor will receive from holding GX Nasdaq-100 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 GX Nasdaq-100. 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 GX Nasdaq-100's alpha and beta are two of the key measurements used to evaluate GX Nasdaq-100's performance over the market, the standard measures of volatility play an important role as well.

GX Nasdaq-100 Covered Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. GX Nasdaq-100 Covered Sinh Values Of Price Series is a hyperbolic price transformation function.
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GX Nasdaq-100 Against Markets

Picking the right benchmark for GX Nasdaq-100 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 GX Nasdaq-100 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 GX Nasdaq-100 is critical whether you are bullish or bearish towards GX Nasdaq-100 Covered at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GX Nasdaq-100 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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Technical Analysis

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Investing GX Nasdaq-100 Covered

You need to understand the risk of investing before taking a position in GX Nasdaq-100. The danger of trading GX Nasdaq-100 Covered is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GX Nasdaq-100 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GX Nasdaq-100. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GX Nasdaq-100 Covered is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Your Equity Center. Note that the GX Nasdaq-100 Covered information on this page should be used as a complementary analysis to other GX Nasdaq-100'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running GX Nasdaq-100 Covered price analysis, check to measure GX Nasdaq-100's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GX Nasdaq-100 is operating at the current time. Most of GX Nasdaq-100's value examination focuses on studying past and present price action to predict the probability of GX Nasdaq-100's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GX Nasdaq-100's price. Additionally, you may evaluate how the addition of GX Nasdaq-100 to your portfolios can decrease your overall portfolio volatility.
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The market value of GX Nasdaq-100 Covered is measured differently than its book value, which is the value of GX Nasdaq-100 that is recorded on the company's balance sheet. Investors also form their own opinion of GX Nasdaq-100's value that differs from its market value or its book value, called intrinsic value, which is GX Nasdaq-100'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 GX Nasdaq-100's market value can be influenced by many factors that don't directly affect GX Nasdaq-100'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 GX Nasdaq-100's value and its price as these two are different measures arrived at by different means. Investors typically determine GX Nasdaq-100 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GX Nasdaq-100'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.