> For the complete documentation index, see [llms.txt](https://docs.blockhorizon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blockhorizon.io/chart-tutorials/price-and-valuation/sts-nupl.md).

# STS NUPL

STS NUPL (Short-Term Supply Net Unrealized Profit/Loss) captures the unrealized profit or loss of STS by comparing its market value to its realized value.

$$
\text{NUPL}*{\text{STS}} = \frac{\text{Market Value}*{\text{STS}} - \text{Realized Value}*{\text{STS}}}{\text{Market Value}*{\text{STS}}}
$$