ProShares Smart Valuation
| TINT Etf | USD 31.40 0.20 0.64% |
At this time, the etf appears to be fairly valued. ProShares Smart Materials holds a recent Real Value of $31.69 per share. The prevailing price of the etf is $31.4. Our model determines the value of ProShares Smart Materials from analyzing the etf fundamentals such as Equity Positions Weight of 99.63 %, net asset of 1.28 M, and Beta of 1.41 as well as examining its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that ProShares Smart's price fluctuation is very steady at this time. Calculation of the real value of ProShares Smart Materials is based on 3 months time horizon. Increasing ProShares Smart's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
ProShares Smart's intrinsic value may or may not be the same as its current market price of 31.40, 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 31.4 | Real 31.69 | Hype 31.41 | Naive 31.62 |
The intrinsic value of ProShares Smart'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 ProShares Smart'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 ProShares Smart Materials helps investors to forecast how ProShares 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 ProShares Smart more accurately as focusing exclusively on ProShares Smart's fundamentals will not take into account other important factors: About ProShares Smart Valuation
The etf valuation mechanism determines ProShares Smart's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of ProShares Smart Materials based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares Smart. We calculate exposure to ProShares Smart's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ProShares Smart's related companies.The index selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. Proshares Smart is traded on NYSEARCA Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Smart Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of ProShares Smart Materials is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 ProShares Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 ProShares Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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.