Spear Alpha Valuation
| SPRX Etf | USD 26.39 0.47 1.81% |
At this time, the etf appears to be overvalued. Spear Alpha ETF has a current Real Value of $25.6 per share. The regular price of the etf is $26.39. Our model measures the value of Spear Alpha ETF from inspecting the etf fundamentals such as Beta of 1.33, equity positions weight of 73.31 %, and Net Asset of 2.91 M as well as reviewing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Spear Alpha's price fluctuation is very steady at this time. Calculation of the real value of Spear Alpha ETF is based on 3 months time horizon. Increasing Spear Alpha's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Spear Alpha is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Spear Etf. However, Spear Alpha'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 26.39 | Real 25.6 | Hype 26.3 | Naive 27.16 |
The intrinsic value of Spear Alpha's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Spear Alpha's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Spear Alpha ETF helps investors to forecast how Spear 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 Spear Alpha more accurately as focusing exclusively on Spear Alpha's fundamentals will not take into account other important factors: About Spear Alpha Valuation
Our relative valuation model uses a comparative analysis of Spear Alpha. We calculate exposure to Spear Alpha's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Spear Alpha's related companies.The fund is an actively-managed exchange-traded fund that will invest primarily in equity securities, including common stock or American depositary receipts of companies that Spear Advisors LLC believes are poised to benefit from breakthrough innovation in industrial technology. Spear Alpha is traded on NASDAQ Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spear Alpha ETF. 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. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of Spear Alpha ETF is measured differently than its book value, which is the value of Spear that is recorded on the company's balance sheet. Investors also form their own opinion of Spear Alpha's value that differs from its market value or its book value, called intrinsic value, which is Spear Alpha'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 Spear Alpha's market value can be influenced by many factors that don't directly affect Spear Alpha'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 Spear Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spear Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spear Alpha'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.