Purpose Floating Valuation
| FLOT-U Etf | USD 6.03 0.03 0.50% |
At this time, the etf appears to be overvalued. Purpose Floating Rate holds a recent Real Value of $5.55 per share. The prevailing price of the etf is $6.03. Our model determines the value of Purpose Floating Rate from analyzing the etf fundamentals such as beta of 1.36, and Bond Positions Weight of 34.79 % as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Purpose Floating's price fluctuation is not too volatile at this time. Calculation of the real value of Purpose Floating Rate is based on 3 months time horizon. Increasing Purpose Floating's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Purpose Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Purpose Etf. However, Purpose Floating'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 6.03 | Real 5.55 | Hype 6.03 | Naive 5.91 |
The real value of Purpose Etf, also known as its intrinsic value, is the underlying worth of Purpose Floating Rate ETF, which is reflected in its stock price. It is based on Purpose Floating's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Purpose Floating'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, or news.
Estimating the potential upside or downside of Purpose Floating Rate helps investors to forecast how Purpose 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 Purpose Floating more accurately as focusing exclusively on Purpose Floating's fundamentals will not take into account other important factors: Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates Purpose Floating's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in Purpose Floating and how it compares across the competition.
About Purpose Floating Valuation
The etf valuation mechanism determines Purpose Floating's current worth on a weekly basis. Our valuation model uses a comparative analysis of Purpose Floating. We calculate exposure to Purpose Floating's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Purpose Floating's related companies.The funds investment objectives are to generate current income and preserve capital by investing primarily in floating rate debt securities, short-term debt securities, high yield debt securities and assetbacked and mortgage-backed securities. PURPOSE FLOATING is traded on Toronto Stock Exchange in Canada.
Other Information on Investing in Purpose Etf
Purpose Floating financial ratios help investors to determine whether Purpose 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 Purpose with respect to the benefits of owning Purpose Floating security.