Sprott Net Income from 2010 to 2024

PHYS Stock  CAD 28.86  0.17  0.59%   
Sprott Physical Net Income yearly trend continues to be very stable with very little volatility. Net Income is likely to grow to about 759.7 M this year. During the period from 2010 to 2024, Sprott Physical Net Income quarterly data regression pattern had sample variance of 163762.3 T and median of  127,741,501. View All Fundamentals
 
Net Income  
First Reported
2010-03-31
Previous Quarter
289.9 M
Current Value
973.5 M
Quarterly Volatility
265.4 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Sprott Physical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sprott Physical's main balance sheet or income statement drivers, such as Depreciation And Amortization of 176.3 K, Interest Expense of 0.0 or Selling General Administrative of 1.9 M, as well as many indicators such as Price To Sales Ratio of 9.21, Dividend Yield of 0.0 or PTB Ratio of 0.76. Sprott financial statements analysis is a perfect complement when working with Sprott Physical Valuation or Volatility modules.
  
This module can also supplement various Sprott Physical Technical models . Check out the analysis of Sprott Physical Correlation against competitors.

Pair Trading with Sprott Physical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott Physical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott Physical will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott Physical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Physical Gold to buy it.
The correlation of Sprott Physical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott Physical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Sprott Physical Gold is a strong investment it is important to analyze Sprott Physical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sprott Physical's future performance. For an informed investment choice regarding Sprott Stock, refer to the following important reports:
Check out the analysis of Sprott Physical Correlation against competitors.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
Please note, there is a significant difference between Sprott Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Physical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.