Global X Short Term Etf Profile
| SPAY Etf | 26.99 0.04 0.15% |
Performance7 of 100
| Odds Of DistressLess than 9
|
Global X is selling at 26.99 as of the 5th of May 2024; that is 0.15 percent up since the beginning of the trading day. The etf's open price was 26.95. Global X has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Global X Short Term are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of May 2022 and ending today, the 5th of May 2024. Click here to learn more.
Global X is entity of Canada. It is traded as Etf on TO exchange. More on Global X Short Term
Moving together with Global Etf
| 0.9 | PMNT | PIMCO Global Short | PairCorr |
Moving against Global Etf
| 0.85 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.81 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.62 | FGO | CI Enhanced Government | PairCorr |
| 0.47 | MGB | Mackenzie Core Plus | PairCorr |
| 0.46 | FLGA | Franklin Global Aggregate | PairCorr |
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.
| Business Concentration | Global Fixed Income (View all Sectors) |
| Updated At | 4th of May 2024 |
Global X Short Term [SPAY] is traded in Canada and was established null. The fund is listed under Global Fixed Income. Global X Short at this time have in assets.
Check Global X Probability Of Bankruptcy
Top Global X Short Term Etf Constituents
| TLT | iShares 20 Year | Etf | Long Government |
| UBIL-U | Horizons 0 3 Month | Etf | CA Etf |
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 10.16%. The Global X Short Term probability density function shows the probability of Global X etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Global X Short Term has a beta of -0.2335. This usually implies as returns on the benchmark increase, returns on holding Global X are expected to decrease at a much lower rate. During a bear market, however, Global X Short Term is likely to outperform the market. Additionally, global X Short Term has an alpha of 0.0407, implying that it can generate a 0.0407 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Global X to move above the current price in 90 days from now is about 10.16 (This Global X Short Term probability density function shows the probability of Global Etf to fall within a particular range of prices over 90 days) .
Global X Short 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.
| Mean Deviation | 0.2234 | |||
| Semi Deviation | 0.1716 | |||
| Standard Deviation | 0.2881 | |||
| Variance | 0.083 |
Global X Short Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Global X Short Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Global X price patterns.
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 Short Term at a given time. Please also check how Global X's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global X without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
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 Short Term 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 Short Term 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 Short Term, 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 Short Term?
The danger of trading Global X Short Term 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 Short 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Global X Short Term. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .