Global X Potential Upside
| USCL Etf | | | 22.37 0.15 0.68% |
Observed values used to calculate the Potential Upside technical indicator for Global X Enhanced. Indicator inputs depend on available historical price observations.
Global X Enhanced has current Potential Upside of 1.2. Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument.
Potential Upside | = | 1PM2PM |
| = | 1.2 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
Global X Potential Upside Peers Comparison
Global Potential Upside Relative To Other Indicators
Global X Enhanced is rated
below average in potential upside against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.33 in Maximum Drawdown for each unit of Potential Upside. The spread between Maximum Drawdown and Potential Upside for Global X Enhanced sits at
3.33 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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