Global X Potential Upside
| HAF Etf | | | CAD 6.90 0.02 0.29% |
Global X potential upside lookup summarizes this and related technical indicators for Global X Active. Some instruments may have limited coverage due to data differences;
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Risk vs Return Analysis provides context for diversified portfolio design. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Global X Active within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Global X Active has current Potential Upside of 0.731. Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument.
Potential Upside | = | 1PM2PM |
| = | 0.731 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
Global X Potential Upside Peers Comparison
Global Potential Upside Relative To Other Indicators
Global X Active is rated
below average in potential upside against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
2.38 in Maximum Drawdown for each unit of Potential Upside. The spread between Maximum Drawdown and Potential Upside for Global X Active sits at
2.38 Unlike using an educated guess on how high a stock could go calculate potential upside as the greater the potential dollar or percentage rise, the bigger the upside for the investment. Potential Upside is the reciprocal of the Value At Risk measure and can be interpreted as return on an investment relative to minimal acceptable return.
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