Global X Funds Etf Performance
FLOW Etf | USD 29.79 0.21 0.70% |
The etf retains a Market Volatility (i.e., Beta) of 1.07, which attests to a somewhat significant risk relative to the market. Global X returns are very sensitive to returns on the market. As the market goes up or down, Global X is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Global X Funds are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Global X may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
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Global |
Global X Relative Risk vs. Return Landscape
If you would invest 2,796 in Global X Funds on January 20, 2024 and sell it today you would earn a total of 183.00 from holding Global X Funds or generate 6.55% return on investment over 90 days. Global X Funds is currently generating 0.1035% in daily expected returns and assumes 0.7571% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Global, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
Global X Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Global X Funds, and traders can use it to determine the average amount a Global X's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1367
Best Portfolio | Best Equity | |||
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Cash | FLOW | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Global X is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Global X by adding it to a well-diversified portfolio.
Global X Fundamentals Growth
Global Etf prices reflect investors' perceptions of the future prospects and financial health of Global X, and Global X fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Global Etf performance.
Return On Equity | 7.24 | |||
Return On Asset | 4.35 | |||
Profit Margin | 5.03 % | |||
Operating Margin | 12.38 % | |||
Current Valuation | 3.73 B | |||
Shares Outstanding | 41.94 M | |||
Price To Earning | 47.24 X | |||
Price To Book | 3.49 X | |||
Price To Sales | 2.37 X | |||
Revenue | 1.53 B | |||
EBITDA | 189.5 M | |||
Cash And Equivalents | 313.6 M | |||
Cash Per Share | 7.47 X | |||
Total Debt | 414.5 M | |||
Debt To Equity | 0.40 % | |||
Book Value Per Share | 24.80 X | |||
Cash Flow From Operations | 130.8 M | |||
Earnings Per Share | 1.83 X | |||
Total Asset | 3.3 B | |||
Retained Earnings | (398.35 M) | |||
Current Asset | 1.16 B | |||
Current Liabilities | 764.4 M | |||
About Global X Performance
To evaluate Global X Funds Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Global X generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Global Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Global X Funds market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Global's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.SPX FLOW, Inc., together with its subsidiaries, designs, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. The company was incorporated in 2015 and is headquartered in Charlotte, North Carolina. SPX Flow operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 4800 people.Over 98.0% of the company shares are owned by institutional investors | |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Funds. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Global X Funds 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.