Joe is trading at a discount of 20% to the underlying value of its assets.
As the price of food rises globally, the underlying value of land does as well.
Markets are moved by sentiment that has little to do with the underlying value of individual corporations.
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His fortunes, and the underlying value of his Saudi stock exchange listed company Kingdom Holding Co.
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At its recent price, SWZ trades at or near a 14.8% discount to the underlying value of its portfolio.
Alternatively, you can look past the price at Apple's underlying value, based on its capacity to generate growth and margins over time.
But if the underlying value of the businesses has not changed, then the creation of new shares simply dilutes the wealth of existing investors.
For instance, owners of one recently closed ETF saw their shares marked down 9.5% from the underlying value as sellers headed for the doors.
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This risk-free arbitrage trade locked in a small profit for the institutional investor and kept the SuperUnit market price in line with its underlying value.
This suggests that the pound is now close to its underlying value against the dollar and about 15% below its long-term value against the euro.
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Might this be a paradox of mispriced risk and underlying value?
Buy when housing is a wreck, land prices are plunging and such companies' stocks are priced at a discount to the underlying value of their dirt.
Ultimately, celebrity-endorsed or not, the quality of the product and the underlying value proposition will need to fuel a sustained interest and excitement for the brand.
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And because of that, we're not sure which tranches will pay, which won't, and we can't be sure of the underlying value of the tranches at issue.
"We're very pleased that TPG and these major investors have expressed their confidence in WaMu's underlying value and its growth potential, " Killinger said in a statement April 4.
Since, in most states, the limited partners can't control the portfolio's management or force the partnership's dissolution, an unrelated buyer would demand a discount from the underlying value.
Ventas is one REIT that is busily taking advantage of that trend by buying up other companies--and illustrates the underlying value that wise investors see in this area.
But a closed end generally has a fixed number of shares, which trade on a stock exchange, where their prices can deviate from the underlying value of their holdings.
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The arbitrage trade would be repeated over and over until the discrepancy between the ETF and its underlying value was so small that there is no profit left from arbitrage.
But then, when the speculative bubble collapsed, after the prices of things like companies no longer represented anything remotely resembling their underlying value, Alan Greenspan just bailed out the financial system.
Importantly, all currencies are based on some underlying value.
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Despite prices becoming discounted, the underlying value remains unchanged.
Unlike with a futures investment, which is based on the current value of gold, the downside to options is that the investor must pay a premium to the underlying value of the gold to own the option.
Ventas (nyse: VTR - news - people ) is one REIT that is busily taking advantage of that trend by buying up other companies--and illustrates the underlying value that wise investors see in this area.
Watson explains that what was once a niche sector is now seeing barriers to entry fall, but markets have yet to realize that the underlying value of pipeline assets is substantially higher than the market value of those companies.
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For investors, coins are commonly bought from private dealers at a premium of about 1-5% above their underlying gold value.
But unlike closed-end funds, if SuperUnits developed a discount to its underlying securities value, then institutional investors could arbitrage the units and profit risk-free.
Economists call them "market inefficiencies"--those periods when the price of something veers from its underlying, inherent value.
The fund currently trades at an approximate 20% discount to the underlying net asset value of its portfolio.
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The portfolio currently trades at a 10.5% discount to the underlying net asset value of its portfolio holdings.
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