FAIR VALUE CEDEARS

9 déc.

Fair Value CEDEARS y ETFs

Important: load together with the CEDEARdata library.

Returns the “Fair Value” of CEDEAR and CEDEAR-based ETF prices traded on ByMA, using as a reference the price of the underlying ordinary share or ETF traded on the NYSE or NASDAQ. It multiplies the NYSE/NASDAQ price by the CEDEAR or ETF conversion ratio and converts the currency to ARS or Dólar MEP using the exchange rate implied by the AL30/AL30C ratio for tickers quoted in ARS (e.g., AAPL) and AL30D/AL30C for tickers quoted in Dólar MEP (e.g., AAPLD).

If the CEDEAR or ETF quote is higher than Fair Value, it highlights the difference in red; if it is lower, it highlights it in green. If any of the markets is closed or in an auction period, it notifies the user and changes the background color.

By default, the CEDEAR or ETF quote used is the last price, but the user may choose to use the BID or OFFER instead. This allows CEDEAR and ETF buyers to compare Fair Value against the OFFER, while sellers may prefer to measure Fair Value against the BID of the local instrument.

AAPL
AAPLD
AAPL
SPY
TSLA
TSLAD

CEDEARS
ETFs
ByMA

16 déc.

Notes de version

Fair Value CEDEARS and ETFs

Important: load together with the CEDEARdata library.

Returns the “Fair Value” of CEDEAR and CEDEAR-based ETF prices traded on ByMA, using as a reference the price of the underlying ordinary share or ETF traded on the NYSE or NASDAQ, assuming that the volume in NYSE or NASDAQ markets is higher and therefore a better reflection of the "fair" price. It multiplies or divides the NYSE/NASDAQ price by the CEDEAR or ETF conversion ratio and converts the currency to ARS or Dólar MEP using the exchange rate implied by the AL30/AL30C ratio in the case of tickers quoted in ARS (e.g., AAPL) and AL30D/AL30C for tickers quoted in Dólar MEP (e.g., AAPLD).

If the CEDEAR or ETF quote is higher than Fair Value, it highlights the difference in red; if it is lower, it highlights it in green. If any of the markets is closed or in an auction period, it notifies the user and changes the background color.

AAPL
AAPLD
SPY
SPYD
TSLA
TSLAD
CEDEARS
ETFs
ByMA

17 déc.

Notes de version

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**FAIR VALUE CEDEARS - Fair Value Indicator for CEDEARs**

This indicator compares CEDEAR prices traded on BYMA against their theoretical fair value derived from the underlying stocks on NYSE/NASDAQ, adjusted for the exchange rate using AL30 bonds.

**How it works:**
Fair Value = (Underlying Price x Implicit FX Rate) / Conversion Ratio

The indicator fetches the underlying stock price from US markets, applies the implicit dollar rate (derived from AL30/AL30D), and adjusts for the CEDEAR conversion ratio to calculate what the CEDEAR should theoretically be worth in ARS.

**Features:**
• Real-time fair value calculation for CEDEARs
• Automatic detection of underlying ticker and conversion ratio
• FX adjustment using AL30/AL30D implicit rate
• Visual comparison between market price and fair value
• Identifies overvalued and undervalued CEDEARs

**How to use:**
Apply the indicator to any CEDEAR chart on BYMA. The indicator automatically detects the underlying asset, fetches its price, and calculates the fair value. Compare the fair value line against the current market price to identify potential arbitrage opportunities.

**Disclaimer:** This indicator is for informational and educational purposes only. Eco Valores S.A. does NOT provide investment advice or recommendations to buy or sell financial instruments. Past performance does not guarantee future results. Always consult a qualified financial advisor before making investment decisions.

Eco Valores S.A. - ALyC 109/CNV

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**Descripcion en Espanol:**

**FAIR VALUE CEDEARS - Indicador de Valor Justo para CEDEARs**

Este indicador compara los precios de CEDEARs operados en BYMA contra su valor justo teorico derivado de las acciones subyacentes en NYSE/NASDAQ, ajustado por tipo de cambio usando bonos AL30.

**Como funciona:**
Valor Justo = (Precio Subyacente x Tipo de Cambio Implicito) / Ratio de Conversion

El indicador obtiene el precio de la accion subyacente de mercados estadounidenses, aplica el dolar implicito (derivado de AL30/AL30D), y ajusta por el ratio de conversion del CEDEAR para calcular su valor teorico en ARS.

**Caracteristicas:**
• Calculo de valor justo en tiempo real
• Deteccion automatica del ticker subyacente y ratio de conversion
• Ajuste de tipo de cambio usando tasa implicita AL30/AL30D
• Comparacion visual entre precio de mercado y valor justo
• Identifica CEDEARs sobrevaluados y subvaluados

**Como usar:**
Aplicar el indicador a cualquier grafico de CEDEAR en BYMA. El indicador detecta automaticamente el activo subyacente, obtiene su precio y calcula el valor justo. Compare la linea de valor justo contra el precio de mercado para identificar oportunidades de arbitraje.

**Aviso Legal:** Este indicador es solo para fines informativos y educativos. Eco Valores S.A. NO brinda asesoramiento ni recomendaciones de inversion. El rendimiento pasado no garantiza resultados futuros. Consulte siempre con un asesor financiero calificado antes de invertir.

Eco Valores S.A. - ALyC 109/CNV

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il y a 5 jours

Notes de version

Se actualiza a la versión 10 del Library CEDEARData incorporando algunos ETF de Cedears faltantes.