Net asset value
Net asset value is the value of an entity’s assets minus its liabilities, often expressed per share for an investment fund.
Build a Robo-Advisor with Python (From Scratch)
The per-share value of an investment fund's net underlying assets, calculated as total assets minus liabilities divided by shares outstanding.
- How it is used
- Uses underlying asset value to evaluate ETF pricing and the uncertainty created by premiums or discounts.
- How deep it goes
- Explains the per-share calculation, price deviations, and creation/redemption mechanics, then discusses liquidity and fee effects.
- Examples
- Uses a three-stock fund with $1 billion of NAV, 100 million shares, and possible $10.05 or $10.25 market prices.
- What you can do after
- Evaluate ETF prices against NAV and recognize how premiums, discounts, liquidity, and fees affect investment uncertainty.
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Investing for Programmers
Net asset value is the per-share value of a fund's assets minus its liabilities.
- How it is used
- Supports comparing pooled-fund pricing and enriching ETF portfolio-monitoring data.
- How deep it goes
- Defines NAV operationally and maps navPrice to ETF market value, without developing valuation mechanics.
- Examples
- Uses mutual-fund daily pricing, Vanguard’s VOO ETF, yfinance data, and an exported ETF worksheet.
- What you can do after
- Operate/configure an ETF monitor that merges navPrice and yield into portfolio records.
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Related concepts
- mutual fundused by · A mutual fund is a regulated pooled investment vehicle that issues and redeems shares based on the value of its underlying portfolio.
- ETF premium or discountcontrasts with · The amount by which an ETF's market price is above or below its net asset value.
- stock share priceequivalent to · A stock share price is the market value of one share of a publicly traded company or security at a particular time.
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