Elevation Series Trust Etf Net Asset
| LRNZ Etf | USD 44.41 0.17 0.38% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Elevation Series' long-term financial health and intrinsic value.
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Elevation Series Trust ETF Net Asset Analysis
Elevation Series' 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 Elevation Series Net Asset | 17.8 M |
Most of Elevation Series' 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, Elevation Series Trust 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.
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Based on the recorded statements, Elevation Series Trust has a Net Asset of 17.8 M. This is much higher than that of the TrueShares family and significantly higher than that of the Technology category. The net asset for all United States etfs is notably lower than that of the firm.
Elevation Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elevation Series' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Elevation Series could also be used in its relative valuation, which is a method of valuing Elevation Series by comparing valuation metrics of similar companies.Elevation Series is currently under evaluation in net asset as compared to similar ETFs.
Fund Asset Allocation for Elevation Series
The fund consists of 94.32% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Elevation Series' 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.
Elevation Fundamentals
| Beta | 1.26 | |||
| Total Asset | 17.8 M | |||
| One Year Return | 18.90 % | |||
| Three Year Return | 13.30 % | |||
| Five Year Return | 4.60 % | |||
| Net Asset | 17.8 M | |||
| Equity Positions Weight | 94.32 % |
About Elevation Series Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elevation Series Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevation Series using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevation Series Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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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Check out Elevation Series Piotroski F Score and Elevation Series Altman Z Score analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.