SonicShares Global Valuation
| BOAT Etf | USD 31.12 0.58 1.83% |
At this time, the etf appears to be overvalued. SonicShares Global has a current Real Value of $29.1 per share. The regular price of the etf is $31.12. Our model measures the value of SonicShares Global from inspecting the etf fundamentals such as Net Asset of 18.03 M, beta of 1.02, and Equity Positions Weight of 97.08 % as well as reviewing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that SonicShares Global's price fluctuation is very steady at this time. Calculation of the real value of SonicShares Global is based on 3 months time horizon. Increasing SonicShares Global's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
SonicShares Global's intrinsic value may or may not be the same as its current market price of 31.12, 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 31.12 | Real 29.1 | Hype 31.12 | Naive 29.8 |
The intrinsic value of SonicShares Global'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 SonicShares Global'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 SonicShares Global Shipping helps investors to forecast how SonicShares 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 SonicShares Global more accurately as focusing exclusively on SonicShares Global's fundamentals will not take into account other important factors: About SonicShares Global Valuation
The etf valuation mechanism determines SonicShares Global's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of SonicShares Global based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of SonicShares Global. We calculate exposure to SonicShares Global's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of SonicShares Global's related companies.The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Sonicshares Global is traded on NYSEARCA Exchange in the United States.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SonicShares Global Shipping. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of SonicShares Global is measured differently than its book value, which is the value of SonicShares that is recorded on the company's balance sheet. Investors also form their own opinion of SonicShares Global's value that differs from its market value or its book value, called intrinsic value, which is SonicShares Global'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 SonicShares Global's market value can be influenced by many factors that don't directly affect SonicShares Global'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 SonicShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SonicShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SonicShares Global'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.