Profunds Short Valuation
| BITIX Fund | USD 32.53 2.79 9.38% |
Based on Macroaxis valuation methodology, the fund is overvalued. Profunds Short Bitcoin holds a recent Real Value of $31.51 per share. The prevailing price of the fund is $32.53. Our model determines the value of Profunds Short Bitcoin from analyzing the fund technical indicators and probability of bankruptcy. In general, investors support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Overvalued
Today
Please note that Profunds Short's price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund is overvalued. Profunds Short Bitcoin holds a recent Real Value of $31.51 per share. The prevailing price of the fund is $32.53. Our model determines the value of Profunds Short Bitcoin from analyzing the fund technical indicators and probability of bankruptcy. In general, investors support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Profunds Short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Profunds Mutual Fund. However, Profunds Short'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 32.53 | Real 31.51 | Hype 32.34 | Naive 29.96 |
The intrinsic value of Profunds Short'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 Profunds Short'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 Profunds Short Bitcoin helps investors to forecast how Profunds mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Profunds Short more accurately as focusing exclusively on Profunds Short's fundamentals will not take into account other important factors: About Profunds Short Valuation
Our relative valuation model uses a comparative analysis of Profunds Short. We calculate exposure to Profunds Short's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Profunds Short's related companies.The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The index price is a composite of U.S. dollar-bitcoin trading activities reported by certain digital asset trading platforms that are evaluated based on a variety of different criteria, including the trading platforms oversight and governance controls, liquidity, capital controls, data transparency and data integrity. The fund is non-diversified.
Other Information on Investing in Profunds Mutual Fund
Profunds Short financial ratios help investors to determine whether Profunds Mutual Fund 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 Profunds with respect to the benefits of owning Profunds Short security.
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