Sprott Physical Total Revenue from 2010 to 2024
| SPPP Etf | USD 8.96 0.16 1.75% |
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 , as well as many indicators such as . Sprott financial statements analysis is a perfect complement when working with Sprott Physical Valuation or Volatility modules.
Sprott |
About Sprott Physical Financial Statements
Sprott Physical shareholders use historical fundamental indicators, such as Total Revenue, to determine how well the company is positioned to perform in the future. Although Sprott Physical investors may analyze each financial statement separately, they are all interrelated. The changes in Sprott Physical's assets and liabilities, for example, are also reflected in the revenues and expenses on on Sprott Physical's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. Sprott Physical is listed under Asset Management in the United States and is traded on NYSEARCA Exchange exchange.
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.Moving together with Sprott Etf
| 0.76 | GLD | SPDR Gold Shares | PairCorr |
| 0.76 | IAU | iShares Gold Trust | PairCorr |
| 0.82 | SLV | iShares Silver Trust | PairCorr |
| 0.75 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.68 | SGOL | abrdn Physical Gold | PairCorr |
Moving against Sprott Etf
| 0.85 | VCAR | Simplify Volt RoboCar | PairCorr |
| 0.83 | DBA | Invesco DB Agriculture | PairCorr |
| 0.76 | BITX | Volatility Shares Trust | PairCorr |
| 0.75 | FNGU | MicroSectors FANG Index | PairCorr |
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 Platinum 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 Platinum 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.Check out the analysis of Sprott Physical Correlation against competitors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of Sprott Physical Platinum is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Physical's value that differs from its market value or its book value, called intrinsic value, which is Sprott Physical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Physical's market value can be influenced by many factors that don't directly affect Sprott Physical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.