Sprott Physical Gold Stock Market Value
| CEF-U Stock | USD 26.97 0.43 1.62% |
| Symbol | Sprott |
Sprott Physical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sprott Physical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sprott Physical.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Sprott Physical on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Gold or generate 0.0% return on investment in Sprott Physical over 90 days. Sprott Physical is related to or competes with UnitedHealth Group, Canaf Investments, NorthWest Healthcare, Roadman Investments, CNJ Capital, Reliq Health, and Nova Leap. Sprott Physical is entity of Canada. It is traded as Stock on TO exchange. More
Sprott Physical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sprott Physical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sprott Physical Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.2447 | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.62 |
Sprott Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Physical's standard deviation. In reality, there are many statistical measures that can use Sprott Physical historical prices to predict the future Sprott Physical's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.1121 | |||
| Total Risk Alpha | 0.2846 | |||
| Sortino Ratio | 0.2048 | |||
| Treynor Ratio | (1.09) |
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 Gold Backtested Returns
Currently, Sprott Physical Gold is very steady. Sprott Physical Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Physical Gold, which you can use to evaluate the volatility of the company. Please validate Sprott Physical's Risk Adjusted Performance of 0.1118, semi deviation of 0.8542, and Coefficient Of Variation of 757.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Sprott Physical has a performance score of 13 on a scale of 0 to 100. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sprott Physical are expected to decrease at a much lower rate. During the bear market, Sprott Physical is likely to outperform the market. Sprott Physical Gold right now has a risk of 1.01%. Please validate Sprott Physical semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Sprott Physical will be following its existing price patterns.
Auto-correlation | 0.30 |
Below average predictability
Sprott Physical Gold has below average predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprott Physical Gold price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sprott Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Sprott Physical Gold lagged returns against current returns
Autocorrelation, which is Sprott Physical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sprott Physical's stock expected returns. We can calculate the autocorrelation of Sprott Physical returns to help us make a trade decision. For example, suppose you find that Sprott Physical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sprott Physical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sprott Physical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical stock over time.
Current vs Lagged Prices |
| Timeline |
Sprott Physical Lagged Returns
When evaluating Sprott Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Physical stock have on its future price. Sprott Physical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sprott Physical autocorrelation shows the relationship between Sprott Physical stock current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Gold.
Regressed Prices |
| Timeline |
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 against Sprott Stock
| 0.72 | TSLA | Tesla Inc CDR | PairCorr |
| 0.69 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.57 | NVDA | NVIDIA CDR | PairCorr |
| 0.51 | AAPL | Apple Inc CDR | PairCorr |
| 0.36 | GOOG | Alphabet CDR | 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 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.Additional Tools for Sprott Stock Analysis
When running Sprott Physical's price analysis, check to measure Sprott Physical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sprott Physical is operating at the current time. Most of Sprott Physical's value examination focuses on studying past and present price action to predict the probability of Sprott Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sprott Physical's price. Additionally, you may evaluate how the addition of Sprott Physical to your portfolios can decrease your overall portfolio volatility.