Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.

STRN — Fair Value Analysis

SMART Trend 25 ETF

Current: $26.47Overvalued

Fair Value Range

Bear Case (25th pct.)

$0.67

-97.5% vs price

Base Case (Median)

$0.85

-96.8% vs price

Bull Case (75th pct.)

$1.04

-96.1% vs price

$0.67$0.85$1.04

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
PE Comparable	$0.48	-98.2%	Medium (25%)
Graham Number	$1.22	-95.4%	High (80%)

Interpretation

Based on 2 out of 8 methods, STRN appears overvalued at the current price of $26.47. The base case fair value of $0.85 implies 96.8% downside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.