ETRACS 2x Valuation
| IWFL Etf | USD 47.87 0.81 1.72% |
At this time, the entity appears to be overvalued. ETRACS 2x Leveraged shows a prevailing Real Value of $42.58 per share. The current price of the entity is $47.87. Our model computes the value of ETRACS 2x Leveraged from evaluating the entity fundamentals such as net asset of 19.5 M, and Total Asset of 19.5 M as well as inspecting its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that ETRACS 2x's price fluctuation is very steady at this time. Calculation of the real value of ETRACS 2x Leveraged is based on 3 months time horizon. Increasing ETRACS 2x's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the ETRACS etf is determined by what a typical buyer is willing to pay for full or partial control of ETRACS 2x Leveraged. Since ETRACS 2x is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ETRACS Etf. However, ETRACS 2x's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 47.87 | Real 42.58 | Hype 47.87 | Naive 48.04 |
The intrinsic value of ETRACS 2x's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence ETRACS 2x's stock price.
Estimating the potential upside or downside of ETRACS 2x Leveraged helps investors to forecast how ETRACS etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ETRACS 2x more accurately as focusing exclusively on ETRACS 2x's fundamentals will not take into account other important factors: About ETRACS 2x Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of ETRACS 2x Leveraged. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of ETRACS 2x Leveraged based exclusively on its fundamental and basic technical indicators. By analyzing ETRACS 2x's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of ETRACS 2x's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of ETRACS 2x. We calculate exposure to ETRACS 2x's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ETRACS 2x's related companies.The investment seeks to provide a 2 times leveraged return linked to the compounded quarterly performance of the Russell 1000 Growth Index. Etracs 2X is traded on NYSEARCA Exchange in the United States.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ETRACS 2x Leveraged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of ETRACS 2x Leveraged is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS 2x's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2x's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ETRACS 2x's market value can be influenced by many factors that don't directly affect ETRACS 2x's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ETRACS 2x's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2x's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.