Sprott Lithium Miners Etf One Year Return
| LITP Etf | 7.19 0.01 0.14% |
Sprott Lithium Miners fundamentals help investors to digest information that contributes to Sprott Lithium's financial success or failures. It also enables traders to predict the movement of Sprott Etf. The fundamental analysis module provides a way to measure Sprott Lithium's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sprott Lithium etf.
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Sprott Lithium Miners ETF One Year Return Analysis
Sprott Lithium's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Sprott Lithium One Year Return | (31.70) % |
Most of Sprott Lithium's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sprott Lithium Miners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Sprott Lithium Miners has an One Year Return of -31.7%. This is much lower than that of the family and significantly lower than that of the Natural Resources category. The one year return for all United States etfs is notably higher than that of the company.
Sprott One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Lithium's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sprott Lithium could also be used in its relative valuation, which is a method of valuing Sprott Lithium by comparing valuation metrics of similar companies.Sprott Lithium is currently under evaluation in one year return as compared to similar ETFs.
About Sprott Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Lithium Miners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Lithium Miners based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Sprott Lithium
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 Lithium 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 Lithium will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Etf
Moving against Sprott Etf
| 0.69 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.63 | MKC | McCormick Company Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | CA | Xtrackers California | PairCorr |
The ability to find closely correlated positions to Sprott Lithium 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 Lithium 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 Lithium - 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 Lithium Miners to buy it.
The correlation of Sprott Lithium 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 Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Lithium Miners 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 Lithium 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 Sprott Lithium Piotroski F Score and Sprott Lithium Altman Z Score analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Sprott Lithium 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 Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Lithium'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 Lithium's market value can be influenced by many factors that don't directly affect Sprott Lithium'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 Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Lithium'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.