Global X Autonomous Etf Profile
| DRIV Etf | USD 22.71 0.20 0.87% |
Performance0 of 100
| Odds Of DistressLess than 30
|
Global X is selling for under 22.71 as of the 19th of April 2024; that is -0.87 percent decrease since the beginning of the trading day. The etf's lowest day price was 22.61. Global X has about a 30 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Global X Autonomous are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in the securities of the index. Gx Autonomous is traded on NASDAQ Exchange in the United States. The company has 32.06 M outstanding shares of which 1.42 M shares are currently shorted by private and institutional investors with about 0.0 trading days to cover. More on Global X Autonomous
Moving together with Global Etf
| 0.82 | XT | iShares Exponential | PairCorr |
| 0.87 | BOTZ | Global X Robotics | PairCorr |
Global 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. Global X's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Global X or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Miscellaneous Sector, Global X Funds, Wholesale (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2018-04-13 |
| Benchmark | Solactive Autonomous & Electric Vehicles Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 556.17 Million |
| Average Trading Valume | 133,908.9 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Chang Kim, James Ong, Nam To |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Mar |
| Exchange | NASDAQ |
| Number of Constituents | 84.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.68 |
| Management Fee | 0.68 |
| Country Name | USA |
| Returns Y T D | (7.13) |
| Name | Global X Autonomous Electric Vehicles ETF |
| Currency Code | USD |
| Open Figi | BBG00KLHY7D7 |
| In Threey Volatility | 27.88 |
| 1y Volatility | 29.34 |
| 200 Day M A | 23.9964 |
| 50 Day M A | 24.0234 |
| Code | DRIV |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
Global X Autonomous [DRIV] is traded in USA and was established 2018-04-13. The fund is listed under Miscellaneous Sector category and is part of Global X Funds family. The entity is thematically classified as Strategy ETFs. Global X Autonomous currently have 832.13 M in assets under management (AUM). , while the total return for the last 3 years was -5.2%.
Global X Autonomous currently holds about 483.87 M in cash with (15.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.01.
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 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 Autonomous 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.
Global X Autonomous Currency Exposure
Global X Autonomous holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Global X will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Global X Autonomous.
Top Global X Autonomous Etf Constituents
| HON | Honeywell International | Stock | Industrials |
| AAPL | Apple Inc | Stock | Information Technology |
| AMD | Advanced Micro Devices | Stock | Information Technology |
| CSCO | Cisco Systems | Stock | Information Technology |
| GE | GE Aerospace | Stock | Industrials |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| INTC | Intel | Stock | Information Technology |
Global X Target Price Odds Analysis
Depending on a normal probability distribution, the odds of Global X jumping above the current price in 90 days from now is over 95.48%. The Global X Autonomous probability density function shows the probability of Global X etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.6612 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Global X will likely underperform. Additionally, global X Autonomous has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Global X to move above the current price in 90 days from now is over 95.48 (This Global X Autonomous probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .
Global X Autonomous 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.
| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.01) |
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 Autonomous at a given time. Please also check how Global X's historical prices are related to one of the top price index indicators.
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 the 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.Did you try this?
Run Sign In To Macroaxis Now
Sign In To MacroaxisSign in to explore Macroaxis' wealth optimization platform and fintech modules |
| All Next | Launch Module |
How to buy Global Etf?
Before investing in Global X, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Global X. To buy Global X etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Global X. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Global X etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Global X Autonomous etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Global X Autonomous etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Global X Autonomous, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Global Etf please use our How to Invest in Global X guide.
Already Invested in Global X Autonomous?
The danger of trading Global X Autonomous 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 Global X 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 Global X. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global X Autonomous 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.
When determining whether Global X Autonomous is a strong investment it is important to analyze Global X's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global X's future performance. For an informed investment choice regarding Global Etf, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Autonomous. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Global X Autonomous 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.