Sprott Uranium Miners Etf Price on October 7, 2024
| URNM Etf | USD 42.05 1.25 2.89% |
Below is the normalized historical share price chart for Sprott Uranium Miners extending back to December 04, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sprott Uranium stands at 42.05, as last reported on the 16th of December 2024, with the highest price reaching 44.59 and the lowest price hitting 42.05 during the day.
If you're considering investing in Sprott Etf, it is important to understand the factors that can impact its price. As of now, Sprott Etf is very steady. Sprott Uranium Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates the etf had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Uranium Miners, which you can use to evaluate the volatility of the etf. Please validate Sprott Uranium's Coefficient Of Variation of 2001.67, semi deviation of 1.83, and Risk Adjusted Performance of 0.0429 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
Sprott Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 36.9 | 200 Day MA 48.2206 | 1 y Volatility 30.49 | 50 Day MA 47.7974 | Inception Date 2019-12-03 |
Sprott |
Sharpe Ratio = 0.0662
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Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Sprott Uranium is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sprott Uranium by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 3.1 K |
Sprott Uranium Valuation on October 7, 2024
It is possible to determine the worth of Sprott Uranium on a given historical date. On October 7, 2024 Sprott was worth 47.19 at the beginning of the trading date compared to the closed value of 46.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sprott Uranium etf. Still, in general, we apply an absolute valuation method to find Sprott Uranium's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sprott Uranium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sprott Uranium's related companies.
| Open | High | Low | Close | Volume | |
| 46.17 | 47.29 | 45.93 | 47.14 | 300,558 | |
10/07/2024 | 47.19 | 47.20 | 45.42 | 46.03 | 474,140 |
| 45.71 | 46.43 | 45.32 | 46.37 | 475,086 |
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Sprott Uranium Trading Date Momentum on October 7, 2024
| On October 08 2024 Sprott Uranium Miners was traded for 46.37 at the closing time. The top price for the day was 46.43 and the lowest listed price was 45.32 . The trading volume for the day was 475.1 K. The trading history from October 8, 2024 was a factor to the next trading day price boost. The trading price change against the next closing price was 0.74% . The trading price change against the current closing price is 9.39% . |
Sprott Uranium Miners Fundamentals Correlations and Trends
By evaluating Sprott Uranium's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sprott Uranium's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sprott financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sprott Uranium Etf history
Sprott Uranium investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sprott is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sprott Uranium Miners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sprott Uranium stock prices may prove useful in developing a viable investing in Sprott Uranium
Sprott Uranium Etf Technical Analysis
Sprott Uranium technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Sprott Uranium Period Price Range
Low | December 16, 2024
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0.00 | 0.00 |
Sprott Uranium Miners cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sprott Uranium December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Sprott Uranium etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sprott Uranium shares will generate the highest return on investment. By undertsting and applying Sprott Uranium etf market strength indicators, traders can identify Sprott Uranium Miners entry and exit signals to maximize returns
Sprott Uranium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sprott Uranium's price direction in advance. Along with the technical and fundamental analysis of Sprott Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sprott to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.1751 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Uranium Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Sprott Uranium Miners 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 Uranium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Uranium'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 Uranium's market value can be influenced by many factors that don't directly affect Sprott Uranium'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 Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Uranium'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.