Sprott Nickel Miners Etf Market Value
| NIKL Etf | 9.42 0.08 0.86% |
| Symbol | Sprott |
The market value of Sprott Nickel 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 Nickel's value that differs from its market value or its book value, called intrinsic value, which is Sprott Nickel'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 Nickel's market value can be influenced by many factors that don't directly affect Sprott Nickel'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 Nickel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Nickel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Nickel'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.
Sprott Nickel '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 Nickel's etf 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 Nickel.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Sprott Nickel on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Nickel Miners or generate 0.0% return on investment in Sprott Nickel over 90 days. Sprott Nickel is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. More
Sprott Nickel 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 Nickel's etf 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 Nickel Miners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 2.25 |
Sprott Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Nickel's standard deviation. In reality, there are many statistical measures that can use Sprott Nickel historical prices to predict the future Sprott Nickel's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.63) |
Sprott Nickel Miners Backtested Returns
Sprott Nickel Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the etf had a -0.16 % return per unit of risk over the last 3 months. Sprott Nickel Miners exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprott Nickel's Variance of 3.02, coefficient of variation of (613.17), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sprott Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Nickel is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Sprott Nickel Miners has average predictability. Overlapping area represents the amount of predictability between Sprott Nickel time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Nickel Miners price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Sprott Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Sprott Nickel Miners lagged returns against current returns
Autocorrelation, which is Sprott Nickel etf'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 Nickel's etf expected returns. We can calculate the autocorrelation of Sprott Nickel returns to help us make a trade decision. For example, suppose you find that Sprott Nickel has exhibited high autocorrelation historically, and you observe that the etf 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 Nickel 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 Nickel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Nickel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Nickel etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Nickel Lagged Returns
When evaluating Sprott Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Nickel etf have on its future price. Sprott Nickel 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 Nickel autocorrelation shows the relationship between Sprott Nickel etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Nickel Miners.
Regressed Prices |
| Timeline |
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Sprott Nickel 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.