Steelpath Select 40 Fund Net Asset
| MLPEX Fund | USD 6.63 0.03 0.45% |
Steelpath Select 40 fundamentals help investors to digest information that contributes to Steelpath Select's financial success or failures. It also enables traders to predict the movement of Steelpath Mutual Fund. The fundamental analysis module provides a way to measure Steelpath Select's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Steelpath Select mutual fund.
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Steelpath Select 40 Mutual Fund Net Asset Analysis
Steelpath Select's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Steelpath Select Net Asset | 1.67 B |
Most of Steelpath Select's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Steelpath Select 40 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Steelpath Select 40 has a Net Asset of 1.67 B. This is 41.84% lower than that of the Invesco family and significantly higher than that of the Energy Limited Partnership category. The net asset for all United States funds is notably lower than that of the firm.
Steelpath Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Steelpath Select's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Steelpath Select could also be used in its relative valuation, which is a method of valuing Steelpath Select by comparing valuation metrics of similar companies.Steelpath Select is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for Steelpath Select
The fund consists of 98.6% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Steelpath Select's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Steelpath Fundamentals
| Price To Earning | 18.91 X | |||
| Price To Book | 1.43 X | |||
| Price To Sales | 0.67 X | |||
| Total Asset | 165.78 M | |||
| Annual Yield | 0.07 % | |||
| Year To Date Return | 9.36 % | |||
| One Year Return | 27.86 % | |||
| Three Year Return | 22.32 % | |||
| Five Year Return | 9.14 % | |||
| Ten Year Return | (1.54) % | |||
| Net Asset | 1.67 B | |||
| Minimum Initial Investment | 1 K | |||
| Last Dividend Paid | 0.04 | |||
| Equity Positions Weight | 98.60 % |
About Steelpath Select Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Steelpath Select 40's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steelpath Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steelpath Select 40 based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Steelpath Select 40. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Steelpath Select information on this page should be used as a complementary analysis to other Steelpath Select's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.