Sprott Nickel Miners Etf Performance
| NIKL Etf | 9.19 0.24 2.55% |
The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. 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.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Sprott Nickel Miners has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Etf's forward-looking signals remain quite persistent which may send shares a bit higher in April 2025. The latest mess may also be a sign of long-standing up-swing for the ETF venture institutional investors. ...more
Sprott |
Sprott Nickel Relative Risk vs. Return Landscape
If you would invest 1,063 in Sprott Nickel Miners on December 24, 2024 and sell it today you would lose (144.00) from holding Sprott Nickel Miners or give up 13.55% of portfolio value over 90 days. Sprott Nickel Miners is currently does not generate positive expected returns and assumes 1.7764% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of etfs are less volatile than Sprott, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Sprott Nickel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Nickel's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Sprott Nickel Miners, and traders can use it to determine the average amount a Sprott Nickel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1277
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NIKL |
Estimated Market Risk
| 1.78 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sprott Nickel is not performing at its full potential. However, 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 Nickel by adding Sprott Nickel to a well-diversified portfolio.
About Sprott Nickel Performance
By examining Sprott Nickel's fundamental ratios, stakeholders can obtain critical insights into Sprott Nickel's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Sprott Nickel is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Sprott Nickel Miners generated a negative expected return over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sprott Nickel 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 industry. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.