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Upturn AI SWOT - About
Global X Gold Explorers ETF (GOEX)
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Upturn Advisory Summary
02/24/2025: GOEX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -0.26% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/24/2025 |
Key Highlights
Volume (30-day avg) 6544 | Beta 1.18 | 52 Weeks Range 25.76 - 38.35 | Updated Date 03/28/2025 |
52 Weeks Range 25.76 - 38.35 | Updated Date 03/28/2025 |
Upturn AI SWOT
Global X Gold Explorers ETF
ETF Overview
Overview
The Global X Gold Explorers ETF (GOEX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers Index. It invests in companies involved in gold exploration.
Reputation and Reliability
Global X is a reputable ETF provider known for its thematic and income-oriented ETFs.
Management Expertise
Global X has a team of experienced investment professionals focused on developing and managing ETFs.
Investment Objective
Goal
To provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers Index.
Investment Approach and Strategy
Strategy: Tracks the Solactive Global Gold Explorers Index, which is designed to measure the performance of companies involved in gold exploration activities.
Composition Primarily holds stocks of companies engaged in gold exploration.
Market Position
Market Share: GOEX's market share is dependent on its performance and investor interest in gold exploration companies relative to similar ETFs.
Total Net Assets (AUM): 156100000
Competitors
Key Competitors
- VanEck Junior Gold Miners ETF (GDXJ)
- iShares MSCI Global Gold Miners ETF (RING)
Competitive Landscape
The gold miners ETF industry is competitive, with larger ETFs like GDXJ dominating market share. GOEX offers a more focused approach on gold exploration companies, which can be an advantage during periods of high exploration activity but also presents higher risk. GOEX is smaller compared to major competitors, making it harder to trade.
Financial Performance
Historical Performance: Historical performance data should be obtained from official sources, such as the fund's website or financial data providers. This data needs to be considered for further investment decisions.
Benchmark Comparison: GOEX's performance should be compared to the Solactive Global Gold Explorers Index and other gold mining ETFs to assess its relative performance.
Expense Ratio: 0.65
Liquidity
Average Trading Volume
GOEX's liquidity is reflected in its average daily trading volume, where higher volume indicates greater ease of buying and selling shares, but is low compared to other ETFs in the category.
Bid-Ask Spread
The bid-ask spread, typically very small, represents the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, influencing transaction costs.
Market Dynamics
Market Environment Factors
Economic indicators, gold prices, interest rates, and geopolitical events can significantly impact GOEX's performance. Changes in any of these can greatly affect the Fund's performance.
Growth Trajectory
GOEX's growth depends on investor sentiment towards gold exploration, gold prices, and the success of the exploration companies it holds. Its growth trajectory heavily relies on the fluctuating gold market and its corresponding investment landscape.
Moat and Competitive Advantages
Competitive Edge
GOEX's competitive edge lies in its focused exposure to gold exploration companies, offering targeted access to this segment of the gold mining industry. This niche focus provides differentiation from broader gold miners ETFs. This targeted investment approach also carries higher risk due to the speculative nature of gold exploration. However, Global X has a robust ETF management team.
Risk Analysis
Volatility
GOEX's volatility is likely higher than broader market ETFs due to its focus on gold exploration companies, which are inherently riskier.
Market Risk
GOEX is subject to market risk related to fluctuations in gold prices, exploration success, and overall market conditions. It also faces regulatory risks related to mining and environmental regulations.
Investor Profile
Ideal Investor Profile
The ideal investor for GOEX is someone with a high-risk tolerance, seeking exposure to the potential upside of gold exploration companies and comfortable with the inherent volatility.
Market Risk
GOEX is more suitable for active traders or investors with a specific view on gold exploration, rather than long-term, passive index followers.
Summary
Global X Gold Explorers ETF (GOEX) offers targeted exposure to gold exploration companies, making it a high-risk, high-reward investment vehicle. Its performance is closely tied to gold prices and the success of exploration activities. Compared to broader gold mining ETFs, GOEX provides a more niche focus with higher volatility. It's suited for investors with a strong view on gold exploration and a high-risk tolerance.
Similar Companies
- GDX
- GDXJ
- RING
- IAU
- GLD
Sources and Disclaimers
Data Sources:
- Global X ETFs website
- Solactive Index website
- Financial data providers (e.g., Bloomberg, Reuters)
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Gold Explorers ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests at least 80% of its total assets in the securities of the index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. The underlying index is a free float-adjusted, liquidity-tested and market capitalization-weighted index that is designed to measure broad-based equity market performance of global companies involved in gold exploration. It is non-diversified.
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