Nationwide Valuation
| NTKI Etf | USD 20.61 0.00 0.00% |
At this time, the etf appears to be overvalued. Nationwide secures a last-minute Real Value of $18.82 per share. The latest price of the etf is $20.61. Our model forecasts the value of Nationwide from analyzing the etf fundamentals such as total asset of 12.93 M, and Equity Positions Weight of 92.60 % as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Nationwide's price fluctuation is very steady at this time. Calculation of the real value of Nationwide is based on 3 months time horizon. Increasing Nationwide's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Nationwide is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Etf. However, Nationwide'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 20.61 | Real 18.82 | Hype 20.61 |
The intrinsic value of Nationwide'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 Nationwide's stock price.
Estimating the potential upside or downside of Nationwide helps investors to forecast how Nationwide 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 Nationwide more accurately as focusing exclusively on Nationwide's fundamentals will not take into account other important factors: About Nationwide Valuation
An absolute valuation paradigm, as applied to Nationwide Etf, attempts to find the value of Nationwide based on its fundamental and basic technical indicators. By analyzing Nationwide's financials, quarterly and monthly indicators, and their related drivers, such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Nationwide's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nationwide. We calculate exposure to Nationwide's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Nationwide's related companies.The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Russell 2000 Index and an options collar on the Russell 2000. ETF Russell is traded on NYSEARCA Exchange in the United States.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. 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 Nationwide is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide's value that differs from its market value or its book value, called intrinsic value, which is Nationwide'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 Nationwide's market value can be influenced by many factors that don't directly affect Nationwide'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 Nationwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide'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.