Technology Select Valuation
| XLK Etf | USD 233.60 0.12 0.05% |
At this time, the etf appears to be fairly valued. Technology Select Sector has a current Real Value of $230.32 per share. The regular price of the etf is $233.6. Our model measures the value of Technology Select Sector from inspecting the etf fundamentals such as Number Of Employees of 2, gross profit of 385.51 M, and Price To Earning of 2.48 X as well as reviewing its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that Technology Select's price fluctuation is very steady at this time. Calculation of the real value of Technology Select Sector is based on 3 months time horizon. Increasing Technology Select's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Technology Select's intrinsic value may or may not be the same as its current market price of 233.60, 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 233.6 | Real 230.32 | Hype 233.59 | Naive 230.78 |
The intrinsic value of Technology Select's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence Technology Select's stock price.
Estimating the potential upside or downside of Technology Select Sector helps investors to forecast how Technology 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 Technology Select more accurately as focusing exclusively on Technology Select's fundamentals will not take into account other important factors: Technology Select Total Value Analysis
Technology Select Sector is at this time expected to have company total value of 36.99 B with market capitalization of 36.99 B, debt of , and cash on hands of . Please note that company total value may be misleading and is a subject to accounting gimmicks. We encourage investors to carefully check all of the Technology Select fundamentals before making security assessment based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
36.99 B | 36.99 B |
Technology Select Asset Utilization
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The latest return on assets of Technology suggests not a very effective usage of assets in November.About Technology Select Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Technology Select Sector. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Technology Select Sector based exclusively on its fundamental and basic technical indicators. By analyzing Technology Select's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Technology Select's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Technology Select. We calculate exposure to Technology Select's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Technology Select's related companies.In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.