I have been trying to figure the NAV for AWP before the open and trade on it.
As I figure it, the NAV is announced after the NY close each day. The stock is currently trading at a 12.5% discount to NAV ($6.68/$7.62)...it has been narrowing. A good amount of that calcualtion must already set by the AM NY open, since many of the overseas exchanges have already closed and as of last report ~82% of AWP's holdings are non-US. I assume that someof the non-US holdings trade on the US excahnges and thus the 82% figure must be tempered. However, even if it is 50% it would seem possible to get some indication of AWP's daily movement based on these closes before it is announced in the end of day NAV. While it is difficult and not fully relevent to track each stock (since the last holdings update is often 3 or more months old) are there oversea's REIT/RealEstate indexes that correlate with AWP's movements?