Ninepoint Bitcoin Valuation
| BITC Etf | CAD 24.59 0.28 1.15% |
Based on Macroaxis valuation methodology, the etf is overvalued. Ninepoint Bitcoin ETF secures a last-minute Real Value of C$21.53 per share. The latest price of the etf is C$24.59. Our model forecasts the value of Ninepoint Bitcoin ETF from analyzing the etf technical indicators and probability of bankruptcy. In general, investors recommend obtaining undervalued etfs and abandoning overvalued etfs since, at some point, etf prices and their ongoing real values will merge together.
Overvalued
Today
Please note that Ninepoint Bitcoin's price fluctuation is not too volatile at this time. Calculation of the real value of Ninepoint Bitcoin ETF is based on 3 months time horizon. Increasing Ninepoint Bitcoin's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Ninepoint Bitcoin is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ninepoint Etf. However, Ninepoint Bitcoin'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 24.59 | Real 21.53 | Hype 23.92 | Naive 23.95 |
The intrinsic value of Ninepoint Bitcoin'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 Ninepoint Bitcoin'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 Ninepoint Bitcoin ETF helps investors to forecast how Ninepoint 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 Ninepoint Bitcoin more accurately as focusing exclusively on Ninepoint Bitcoin's fundamentals will not take into account other important factors: About Ninepoint Bitcoin Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Ninepoint Bitcoin ETF. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Ninepoint Bitcoin ETF based exclusively on its fundamental and basic technical indicators. By analyzing Ninepoint Bitcoin's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Ninepoint Bitcoin's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ninepoint Bitcoin. We calculate exposure to Ninepoint Bitcoin's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Ninepoint Bitcoin's related companies.Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.