Global X Technical Analysis

Global X FinTech ETF -- USA Etf  

USD 21.98  0.004  0.0182%

Global X FinTech ETF retains Downside Deviation of 1.31, Market Risk Adjusted Performance of 0.1507 and Risk Adjusted Performance of 0.0636. 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 FinTech which can be compared to its competitors. Please check out Global X FinTech Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if Global X is priced fairly providing market reflects its last-minute price of 21.98 per share.
Investment Horizon     30 Days    Login   to change

Global X FinTech Trend Analysis

Use this graph to draw trend lines for Global X FinTech 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 FinTech ETF applied against its price change over selected period. The best fit line has a slop of 0.01 % which may suggest that Global X FinTech ETF market price will keep on failing further. It has 34 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted Global X price change compared to its average price change.

Did you try this?

Run Performance Analysis Now
   

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
Hide  View All  NextLaunch Performance Analysis
Global X FinTech ETF is rated # 4 ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.4  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Global X FinTech ETF is roughly  1.4 

One Year Return

Global X FinTech One Year Return
Based on recorded statements Global X FinTech ETF has One Year Return of 45.73%. This is 668.07% lower than that of the Global X Funds family, and 647.22% higher than that of Technology category, The One Year Return for all etfs is 3758.4% lower than the firm.
  Year Return 
      Global X Comparables 
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.

Fundamentals Correlations

Analyze Global X Fundamentals Trends