VanEck Steel Valuation
| SLX Etf | USD 70.43 0.52 0.74% |
At this time, the etf appears to be overvalued. VanEck Steel ETF has a current Real Value of $64.21 per share. The regular price of the etf is $70.43. Our model measures the value of VanEck Steel ETF from inspecting the etf fundamentals such as Total Asset of 77.49 M, price to earning of 17.01 X, and Number Of Employees of 13 as well as reviewing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that VanEck Steel's price fluctuation is very steady at this time. Calculation of the real value of VanEck Steel ETF is based on 3 months time horizon. Increasing VanEck Steel's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since VanEck Steel is currently traded on the exchange, buyers and sellers on that exchange determine the market value of VanEck Etf. However, VanEck Steel'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 70.43 | Real 64.21 | Hype 70.43 | Naive 66.78 |
The intrinsic value of VanEck Steel'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 VanEck Steel'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 VanEck Steel ETF helps investors to forecast how VanEck 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 VanEck Steel more accurately as focusing exclusively on VanEck Steel's fundamentals will not take into account other important factors: About VanEck Steel Valuation
Our relative valuation model uses a comparative analysis of VanEck Steel. We calculate exposure to VanEck Steel's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of VanEck Steel's related companies.The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Vaneck Steel is traded on NYSEARCA Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Steel ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of VanEck Steel ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Steel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Steel'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 VanEck Steel's market value can be influenced by many factors that don't directly affect VanEck Steel'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 VanEck Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Steel'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.