Global X Fintech Etf Odds of Future Etf Price Finishing Under 27.15

FINX Etf  USD 27.86  0.22  0.80%   
Global X's implied volatility is one of the determining factors in the pricing options written on Global X FinTech. Implied volatility approximates the future value of Global X based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Global X FinTech over a specific time period. For example, 2024-04-19 CALL at $28.0 is a CALL option contract on Global X's common stock with a strick price of 28.0 expiring on 2024-04-19. The contract was not traded in recent days and, as of today, has 21 days remaining before the expiration. The option is currently trading at a bid price of $0.25, and an ask price of $0.95. The implied volatility as of the 29th of March is 23.49. View All Global options

Closest to current price Global long CALL Option Payoff at Expiration

Global X's future price is the expected price of Global X instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Global X FinTech performance during a given time horizon utilizing its historical volatility. Check out Global X Backtesting, Portfolio Optimization, Global X Correlation, Global X Hype Analysis, Global X Volatility, Global X History as well as Global X Performance.
  
Please specify Global X's target price for which you would like Global X odds to be computed.

Global X Target Price Odds to finish below 27.15

The tendency of Global Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 27.15  or more in 90 days
 27.86 90 days 27.15 
about 90.73
Based on a normal probability distribution, the odds of Global X to drop to $ 27.15  or more in 90 days from now is about 90.73 (This Global X FinTech probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) . Probability of Global X FinTech price to stay between $ 27.15  and its current price of $27.86 at the end of the 90-day period is about 6.41 .
Given the investment horizon of 90 days the etf has the beta coefficient of 1.94 . This usually indicates 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 FinTech has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Global X Price Density   
       Price  

Predictive Modules for Global X

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global X FinTech. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global X's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
26.3027.8629.42
Details
Intrinsic
Valuation
LowRealHigh
25.7827.3428.90
Details
Naive
Forecast
LowNextHigh
26.4728.0329.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.9526.9127.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Global X. Your research has to be compared to or analyzed against Global X's peers to derive any actionable benefits. When done correctly, Global X's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Global X FinTech.

Global X Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Global X is not an exception. The market had few large corrections towards the Global X's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Global X FinTech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Global X within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.11
β
Beta against NYSE Composite1.94
σ
Overall volatility
1.21
Ir
Information ratio 0

Global X Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Global X for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Global X FinTech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Creative Financial Designs Inc. ADV Purchases 598 Shares of Global X FinTech Thematic ETF - Defense World
The fund created three year return of -13.0%
Global X FinTech retains 99.93% of its assets under management (AUM) in equities

Global X Technical Analysis

Global X's future price can be derived by breaking down and analyzing its technical indicators over time. Global Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Global X FinTech. In general, you should focus on analyzing Global Etf price patterns and their correlations with different microeconomic environments and drivers.

Global X Predictive Forecast Models

Global X's time-series forecasting models is one of many Global X's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Global X's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.

Things to note about Global X FinTech

Checking the ongoing alerts about Global X for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Global X FinTech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Creative Financial Designs Inc. ADV Purchases 598 Shares of Global X FinTech Thematic ETF - Defense World
The fund created three year return of -13.0%
Global X FinTech retains 99.93% of its assets under management (AUM) in equities
When determining whether Global X FinTech 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 Fintech Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Global X Fintech Etf:
Check out Global X Backtesting, Portfolio Optimization, Global X Correlation, Global X Hype Analysis, Global X Volatility, Global X History as well as Global X Performance.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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 FinTech 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.