Allspring Multi-Sectorome Fund's quarterly market cap
increased
from Oct. 2022 ($251.58 Mil) to Apr. 2023 ($255.96 Mil) but then
declined
from Apr. 2023 ($255.96 Mil) to Oct. 2023 ($244.18 Mil).
Allspring Multi-Sectorome Fund's annual market cap
declined
from Oct. 2021 ($374.64 Mil) to Oct. 2022 ($251.58 Mil) and
declined
from Oct. 2022 ($251.58 Mil) to Oct. 2023 ($244.18 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Allspring Multi-Sectorome Fund's Enterprise Value for Today is $368.38 Mil.
Allspring Multi-Sectorome Fund Market Cap Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Allspring Multi-Sectorome Fund's Market Cap
For the Asset Management subindustry, Allspring Multi-Sectorome Fund's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Allspring Multi-Sectorome Fund's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allspring Multi-Sectorome Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where Allspring Multi-Sectorome Fund's Market Cap falls into.
Allspring Multi-Sectorome Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Allspring Multi-Sectorome Fund (AMEX:ERC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Allspring Multi-Sectorome Fund Market Cap Related Terms
Thank you for viewing the detailed overview of Allspring Multi-Sectorome Fund's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
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