Sprott Free Cash Flow Yield vs Free Cash Flow Per Share Analysis
| PHYS Stock | CAD 28.86 0.17 0.59% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Gold is a good investment. Please check the relationship between Sprott Physical Free Cash Flow Yield and its Free Cash Flow Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Free Cash Flow Yield vs Free Cash Flow Per Share
Free Cash Flow Yield vs Free Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Gold Free Cash Flow Yield account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have totally related.
The correlation between Sprott Physical's Free Cash Flow Yield and Free Cash Flow Per Share is 1.0. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Sprott Physical Gold, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Free Cash Flow Yield and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Sprott Physical Gold are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Free Cash Flow Yield i.e., Sprott Physical's Free Cash Flow Yield and Free Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most indicators from Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Sprott Physical's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 24th of December 2024, Enterprise Value Over EBITDA is likely to grow to 8.29, while Selling General Administrative is likely to drop about 1.9 M.
Sprott Physical fundamental ratios Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.5B | 4.9B | 5.0B | 5.7B | 6.5B | 6.9B | |
| Total Stockholder Equity | 2.5B | 4.9B | 5.0B | 5.7B | 6.5B | 6.9B | |
| Net Debt | (4.9M) | (4.4M) | (7.0M) | (294K) | (25.5M) | (24.2M) | |
| Cash | 4.9M | 4.4M | 7.0M | 294K | 25.5M | 26.8M | |
| Cash And Short Term Investments | 4.9M | 4.4M | 7.0M | 294K | 25.5M | 24.2M | |
| Common Stock Shares Outstanding | 206.0M | 196.5M | 274.5M | 333.6M | 402.4M | 226.4M | |
| Liabilities And Stockholders Equity | 2.5B | 4.9B | 5.0B | 5.7B | 6.5B | 6.9B | |
| Other Stockholder Equity | (101.9M) | (110.8M) | (111.7M) | (113.5M) | (114.1M) | (108.4M) | |
| Total Current Assets | 4.9M | 4.4M | 7.0M | 294K | 25.5M | 24.2M | |
| Total Current Liabilities | 424.7K | 186K | 40K | 144K | 126K | 192.1K | |
| Retained Earnings | 151.4M | 898.6M | 689.5M | 607.0M | 1.3B | 1.3B | |
| Accounts Payable | 425K | 186K | 40K | 144K | 126K | 192.1K | |
| Total Liab | 424.7K | 186K | 40K | 144K | 126K | 192.1K | |
| Non Current Assets Total | 2.5B | 4.9B | 5.0B | 5.7B | 6.5B | 3.5B | |
| Non Currrent Assets Other | (2.5B) | (4.9B) | (5.0B) | (5.7B) | (6.5B) | (6.2B) | |
| Common Stock Total Equity | 2.5B | 2.3B | 2.4B | 4.1B | 4.7B | 2.8B | |
| Common Stock | 2.4B | 4.1B | 4.4B | 5.3B | 5.4B | 3.5B | |
| Other Current Liab | (278.0) | (186K) | (40K) | (144K) | (126K) | (132.3K) | |
| Long Term Investments | 2.5B | 4.9B | 5.0B | 5.7B | 6.5B | 4.3B | |
| Capital Stock | 2.4B | 4.1B | 4.4B | 5.3B | 5.4B | 4.4B |
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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.