Global X Total Risk Alpha
| GXLC Etf | | | 78.03 -1.19 -1.50% |
This module presents the Total Risk Alpha indicator for Global X Funds using available market inputs. The indicator computation uses normalized market activity data. Exchange-specific data schedules may affect the recency of readings. The
Equity Screeners framework provides wider technical analysis context. Diversification context is available through
Risk vs Return Analysis. Diversification context helps frame allocation across holdings. Diversified allocation aims to distribute exposure across multiple positions. This information is provided for contextual purposes. This suggests a position in Global X Funds. This appears in the portfolio view. Position weights are derived from the portfolio construction methodology. All values are based on available data and provided as reference information. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Global X Funds has current Total Risk Alpha of 0.0217. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0217 | |
| ER[a] | = | Expected return on investing in Global X |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Global X |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Global X Funds is rated
below average for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
172.55 . The Maximum Drawdown to Total Risk Alpha ratio for Global X Funds comes in at
172.55 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Global X to Peers
Other Technical Indicators