Global X Valuation
| HMMJ-U Etf | USD 6.93 0.04 0.58% |
At this time, the entity appears to be fairly valued. Global X Marijuana retains a regular Real Value of $7.01 per share. The prevalent price of the entity is $6.93. Our model calculates the value of Global X Marijuana from evaluating the entity fundamentals such as equity positions weight of 97.38 %, and Total Asset of 835.89 M as well as inspecting its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that Global X's price fluctuation is not too volatile at this time. Calculation of the real value of Global X Marijuana is based on 3 months time horizon. Increasing Global X's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Global X is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Global Etf. However, Global X'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 6.93 | Real 7.01 | Hype 6.93 |
The real value of Global Etf, also known as its intrinsic value, is the underlying worth of Global X Marijuana ETF, which is reflected in its stock price. It is based on Global X's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Global X'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 Global X Marijuana helps investors to forecast how Global 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 Global X more accurately as focusing exclusively on Global X'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 Global X'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 Global X and how it compares across the competition.
About Global X Valuation
The etf valuation mechanism determines Global X's current worth on a weekly basis. Our valuation model uses a comparative analysis of Global X. We calculate exposure to Global X's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Global X's related companies.To achieve Horizons HMMJs investment objectives, Horizons HMMJ invests and holds the equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. HORIZONS MARIJUANA is traded on Toronto Stock Exchange in Canada.
Other Information on Investing in Global Etf
Global X financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global X security.