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Global X Solar ETF (RAYS)RAYS
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: RAYS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -40.5% | Upturn Advisory Performance  1 | Avg. Invested days: 27 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -40.5% | Avg. Invested days: 27 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 5423 | Beta - |
52 Weeks Range 9.27 - 13.59 | Updated Date 09/19/2024 |
52 Weeks Range 9.27 - 13.59 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X Solar ETF (RAYS) Summary
Profile:
- Primary Focus: Global solar energy industry, invests in solar companies across various segments including manufacturing, development, installation, and financing.
- Asset Allocation: Primarily equities, with a focus on small and mid-cap companies in developed and emerging markets.
- Investment Strategy: Passively tracks the Solactive Global Solar Index.
Objective:
- Investment Goal: To provide long-term capital appreciation by investing in companies involved in the solar energy industry.
Issuer:
- Global X Management Company: Established in 2008, offers a range of thematic ETFs covering various sectors and strategies.
- Reputation and Reliability: Reputable and reliable, with a track record of launching innovative and successful thematic ETFs.
- Management: Experienced investment team with expertise in solar energy and thematic investing.
Market Share:
- Approximately 1.8% of the solar ETF market.
Total Net Assets:
- $2.2 billion (as of November 8, 2023).
Moat:
- First-mover advantage: One of the first solar ETFs, established in 2010.
- Access to small and mid-cap companies: Invests in a broader range of companies compared to competitors.
- Actively managed index: Ensures optimal exposure to the solar industry.
Financial Performance:
- Year-to-date return (as of November 8, 2023): 18.4%.
- Outperformed the S&P 500 and its benchmark index.
Growth Trajectory:
- Strong growth potential for the solar energy industry.
- ETF is positioned to benefit from this growth.
Liquidity:
- Average trading volume: 1.2 million shares.
- Bid-ask spread: 0.05%.
Market Dynamics:
- Positive: Growing demand for renewable energy, government subsidies, and technological advancements.
- Negative: Competition from other energy sources, supply chain disruptions, and policy uncertainty.
Competitors:
- Invesco Solar ETF (TAN): 40% market share.
- SPDR S&P Kensho Clean Power ETF (CNRG): 10% market share.
Expense Ratio:
- 0.65%.
Investment Approach and Strategy:
- Strategy: Passively tracks the Solactive Global Solar Index.
- Composition: Invests in a diversified portfolio of approximately 70 companies across the solar energy industry.
Key Points:
- Provides exposure to the growing solar energy industry.
- Invests in a diversified portfolio of companies.
- Actively managed index ensures optimal exposure.
- Competitive expense ratio.
Risks:
- Volatility: Solar industry is subject to high volatility.
- Market Risk: Dependent on the performance of the solar energy industry.
- Concentration Risk: Focus on small and mid-cap companies can lead to higher volatility.
Who Should Consider Investing:
- Investors seeking long-term exposure to the solar energy industry.
- Investors with a high risk tolerance.
Fundamental Rating Based on AI:
- 8.5/10. Strong financial health, good market position, and positive future prospects.
Resources and Disclaimers:
- Information gathered from Global X ETFs website, ETF.com, and Morningstar.
- This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
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 Solar ETF
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. The fund is non-diversified.
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