Spinnaker Etf Series Etf Current Valuation
| OGSP Etf | 10.06 0.02 0.20% |
Valuation analysis of Spinnaker ETF Series helps investors to measure Spinnaker ETF's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Spinnaker ETF's price fluctuation is very steady at this time. Calculation of the real value of Spinnaker ETF Series is based on 3 months time horizon. Increasing Spinnaker ETF's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Spinnaker ETF's intrinsic value may or may not be the same as its current market price of 10.06, 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 10.06 | Real 10.06 | Hype 10.06 | Naive 10.07 |
The intrinsic value of Spinnaker ETF'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 Spinnaker ETF'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 Spinnaker ETF Series helps investors to forecast how Spinnaker 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 Spinnaker ETF more accurately as focusing exclusively on Spinnaker ETF's fundamentals will not take into account other important factors: Spinnaker ETF Series ETF Current Valuation Analysis
Spinnaker ETF's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Spinnaker ETF Series has a Current Valuation of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Multisector Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Spinnaker Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spinnaker ETF's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Spinnaker ETF could also be used in its relative valuation, which is a method of valuing Spinnaker ETF by comparing valuation metrics of similar companies.Spinnaker ETF is currently under evaluation in current valuation as compared to similar ETFs.
About Spinnaker ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spinnaker ETF Series's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spinnaker ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spinnaker ETF Series based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Spinnaker ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spinnaker ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spinnaker ETF will appreciate offsetting losses from the drop in the long position's value.Moving against Spinnaker Etf
The ability to find closely correlated positions to Spinnaker ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spinnaker ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spinnaker ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spinnaker ETF Series to buy it.
The correlation of Spinnaker ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spinnaker ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spinnaker ETF Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spinnaker ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Spinnaker ETF Piotroski F Score and Spinnaker ETF Altman Z Score analysis. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of Spinnaker ETF Series is measured differently than its book value, which is the value of Spinnaker that is recorded on the company's balance sheet. Investors also form their own opinion of Spinnaker ETF's value that differs from its market value or its book value, called intrinsic value, which is Spinnaker ETF'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 Spinnaker ETF's market value can be influenced by many factors that don't directly affect Spinnaker ETF'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 Spinnaker ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spinnaker ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spinnaker ETF'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.