Sprott Physical Gold Etf Probability of Future Etf Price Finishing Under 18.03
| PHYS Etf | USD 20.13 0.12 0.59% |
Sprott |
Sprott Physical Target Price Odds to finish below 18.03
The tendency of Sprott Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 18.03 or more in 90 days |
| 20.13 | 90 days | 18.03 | near 1 |
Based on a normal probability distribution, the odds of Sprott Physical to drop to $ 18.03 or more in 90 days from now is near 1 (This Sprott Physical Gold probability density function shows the probability of Sprott Etf to fall within a particular range of prices over 90 days) . Probability of Sprott Physical Gold price to stay between $ 18.03 and its current price of $20.13 at the end of the 90-day period is about 16.93 .
Given the investment horizon of 90 days Sprott Physical has a beta of 0.13 indicating as returns on the market go up, Sprott Physical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sprott Physical Gold will be expected to be much smaller as well. Additionally Sprott Physical Gold has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Sprott Physical Price Density |
| Price |
Predictive Modules for Sprott Physical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sprott Physical Gold. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Physical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sprott Physical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sprott Physical is not an exception. The market had few large corrections towards the Sprott Physical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Sprott Physical Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sprott Physical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | -0.06 |
Sprott Physical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Sprott Physical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sprott Physical Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sprott Physical Gold generated a negative expected return over the last 90 days | |
| Sprott Physical Gold currently holds about 598.32 K in cash with (24.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.046. | |
| Latest headline from thelincolnianonline.com: O Brien Greene Co. Inc Sells 13,848 Shares of Sprott Physical Gold Trust | |
| The fund maintains all of the assets in different exotic instruments |
Sprott Physical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Sprott Etf often depends not only on the future outlook of the current and potential Sprott Physical's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Sprott Physical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 400.2 M | |
| Cash And Short Term Investments | 6.5 B |
Sprott Physical Technical Analysis
Sprott Physical's future price can be derived by breaking down and analyzing its technical indicators over time. Sprott Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sprott Physical Gold. In general, you should focus on analyzing Sprott Etf price patterns and their correlations with different microeconomic environments and drivers.
Sprott Physical Predictive Forecast Models
Sprott Physical's time-series forecasting models is one of many Sprott Physical's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Sprott Physical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about Sprott Physical Gold
Checking the ongoing alerts about Sprott Physical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sprott Physical Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sprott Physical Gold generated a negative expected return over the last 90 days | |
| Sprott Physical Gold currently holds about 598.32 K in cash with (24.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.046. | |
| Latest headline from thelincolnianonline.com: O Brien Greene Co. Inc Sells 13,848 Shares of Sprott Physical Gold Trust | |
| The fund maintains all of the assets in different exotic instruments |
Check out Sprott Physical Backtesting, Portfolio Optimization, Sprott Physical Correlation, Sprott Physical Hype Analysis, Sprott Physical Volatility, Sprott Physical History as well as Sprott Physical Performance. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of Sprott Physical Gold 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.