Global X Technical Analysis

Global X Next Emerging Frontier ETF -- USA Etf  

USD 23.44  0.2  0.86%

Global X Next Emerging Frontier ETF retains Downside Deviation of 0.4922, Market Risk Adjusted Performance of 0.0068 and Risk Adjusted Performance of 0.0087. Global X technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the entity future prices. In other words you can use this information to find out if the entity will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Global X Next which can be compared to its competitors. Please check out Global X Next Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Global X is priced fairly providing market reflects its last-minute price of 23.44 per share.
Investment Horizon     30 Days    Login   to change

Global X Next Trend Analysis

Use this graph to draw trend lines for Global X Next Emerging Frontier ETF. You can use it to identify possible trend reversals for Global X as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Global X price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Global X Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Global X Next Emerging Frontier ETF applied against its price change over selected period. The best fit line has a slop of 0.033084 % which means Global X Next Emerging Frontier ETF will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.89, which is the sum of squared deviations for the predicted Global X price change compared to its average price change.

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Chance of Distress

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Global X Next Emerging Frontier ETF is rated below average in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.25  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Global X Next Emerging Frontier ETF is roughly  1.25 

One Year Return

Global X Next One Year Return
Based on recorded statements Global X Next Emerging Frontier ETF has One Year Return of 15.04%. This is 286.83% lower than that of the Global X Funds family, and 274.38% lower than that of Diversified Emerging Mkts category, The One Year Return for all etfs is 1303.2% lower than the firm.
  Year Return 
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Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.