Defiance Next Valuation
| HDRO Etf | USD 37.83 0.76 2.05% |
At this time, the entity appears to be overvalued. Defiance Next Gen shows a prevailing Real Value of $34.17 per share. The current price of the entity is $37.83. Our model computes the value of Defiance Next Gen from reviewing the entity fundamentals such as net asset of 38.44 M as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Defiance Next's price fluctuation is very steady at this time. Calculation of the real value of Defiance Next Gen is based on 3 months time horizon. Increasing Defiance Next's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Defiance Next is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Defiance Etf. However, Defiance Next'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 37.83 | Real 34.17 | Hype 37.83 | Naive 40.13 |
The intrinsic value of Defiance Next'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 Defiance Next'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 Defiance Next Gen helps investors to forecast how Defiance 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 Defiance Next more accurately as focusing exclusively on Defiance Next's fundamentals will not take into account other important factors: About Defiance Next Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Defiance Next Gen. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Defiance Next Gen based exclusively on its fundamental and basic technical indicators. By analyzing Defiance Next's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Defiance Next's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Defiance Next. We calculate exposure to Defiance Next's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Defiance Next's related companies.The index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. ETF Series is traded on NYSEARCA Exchange in the United States.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Defiance Next Gen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Defiance Next Gen is measured differently than its book value, which is the value of Defiance that is recorded on the company's balance sheet. Investors also form their own opinion of Defiance Next's value that differs from its market value or its book value, called intrinsic value, which is Defiance Next'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 Defiance Next's market value can be influenced by many factors that don't directly affect Defiance Next'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 Defiance Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance Next'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.