Global X Etf Profile

Global X is selling at 9.74 as of the 29th of March 2024; that is -0.61 percent decrease since the beginning of the trading day. The etf's open price was 9.8. Equity ratings for Global X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.

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 IdeaAlternative Energy (View all Themes)
Old NameGlobal X YieldCo & Renewable Energy Income ETF
Business ConcentrationAlternative Energy, Utilities, Global X Funds (View all Sectors)
Country NameUSA
Returns Y T D(13.48)
NameGlobal X YieldCo Renewable Energy Income ETF
Currency CodeUSD
In Threey Volatility21.31
1y Volatility25.23
200 Day M A16.3131
50 Day M A18.7241
CodeYLCO
Updated At24th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio(0.75)
Global X [YLCO] is traded in USA and was established 2015-05-27. The fund is listed under Utilities category and is part of Global X Funds family. The entity is thematically classified as Alternative Energy. Global X at this time have 87.46 M in net assets. , while the total return for the last 3 years was -13.5%.
Check Global X Probability Of Bankruptcy

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 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 Global X Etf Constituents

HASIHannon Armstrong SustainableStockReal Estate
NEPNextera Energy PartnersStockUtilities
HEHawaiian Electric IndustriesStockUtilities
IDAIDACORPStockUtilities
More Details

Global X Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of Global X jumping above the current price in 90 days from now is about 87.57%. The Global X 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 Global X has a beta of 0.4519. This entails 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 will be expected to be much smaller as well. Additionally, global X has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 9.74HorizonTargetOdds Above 9.74
12.31%90 days
 9.74 
87.57%
Based on a normal probability distribution, the odds of Global X to move above the current price in 90 days from now is about 87.57 (This Global X probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .

Global X 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 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 at a given time. Please also check how Global X's historical prices are related to one of the top price index indicators.

Global X Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global X etf to make a market-neutral strategy. Peer analysis of Global X could also be used in its relative valuation, which is a method of valuing Global X by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

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 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 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, 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.

Already Invested in Global X?

The danger of trading Global X 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 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 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Global X's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Global X Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Global X Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Global X 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 the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Global X's price analysis, check to measure Global X'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 Global X is operating at the current time. Most of Global X's value examination focuses on studying past and present price action to predict the probability of Global X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global X's price. Additionally, you may evaluate how the addition of Global X to your portfolios can decrease your overall portfolio volatility.
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The market value of Global X 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.