Sprott Junior Gold Etf Market Value
| SGDJ Etf | USD 33.20 0.33 1.00% |
| Symbol | Sprott |
The market value of Sprott Junior Gold 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 Junior's value that differs from its market value or its book value, called intrinsic value, which is Sprott Junior'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 Junior's market value can be influenced by many factors that don't directly affect Sprott Junior'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 Junior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Junior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Junior'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 Junior '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 Junior'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 Junior.
| 05/01/2022 |
| 04/20/2024 |
If you would invest 0.00 in Sprott Junior on May 1, 2022 and sell it all today you would earn a total of 0.00 from holding Sprott Junior Gold or generate 0.0% return on investment in Sprott Junior over 720 days. Sprott Junior is related to or competes with Sprott Gold, ETFMG Prime, US Global, Global X, and IShares MSCI. The fund will invest at least 90 percent of its net assets in securities that comprise the underlying index More
Sprott Junior 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 Junior'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 Junior Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1328 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.05 |
Sprott Junior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Junior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Junior's standard deviation. In reality, there are many statistical measures that can use Sprott Junior historical prices to predict the future Sprott Junior's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.1951 | |||
| Total Risk Alpha | 0.0952 | |||
| Sortino Ratio | 0.1505 | |||
| Treynor Ratio | 0.1706 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Junior'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 Junior Gold Backtested Returns
Sprott Junior appears to be very steady, given 3 months investment horizon. Sprott Junior Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Junior Gold, which you can use to evaluate the volatility of the etf. Please review Sprott Junior's Semi Deviation of 1.54, risk adjusted performance of 0.1136, and Coefficient Of Variation of 574.36 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 2.05, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sprott Junior will likely underperform.
Auto-correlation | 0.72 |
Good predictability
Sprott Junior Gold has good predictability. Overlapping area represents the amount of predictability between Sprott Junior time series from 1st of May 2022 to 26th of April 2023 and 26th of April 2023 to 20th of April 2024. 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 Junior Gold price movement. The serial correlation of 0.72 indicates that around 72.0% of current Sprott Junior price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 5.22 |
Sprott Junior Gold lagged returns against current returns
Autocorrelation, which is Sprott Junior 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 Junior's etf expected returns. We can calculate the autocorrelation of Sprott Junior returns to help us make a trade decision. For example, suppose you find that Sprott Junior 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 Junior 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 Junior etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Junior etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Junior etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Junior Lagged Returns
When evaluating Sprott Junior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Junior etf have on its future price. Sprott Junior 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 Junior autocorrelation shows the relationship between Sprott Junior etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Junior Gold.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sprott Junior in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sprott Junior's short interest history, or implied volatility extrapolated from Sprott Junior options trading.
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When determining whether Sprott Junior Gold is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Sprott Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sprott Junior Gold Etf. Highlighted below are key reports to facilitate an investment decision about Sprott Junior Gold Etf:Check out Sprott Junior Correlation, Sprott Junior Volatility and Sprott Junior Alpha and Beta module to complement your research on Sprott Junior. Note that the Sprott Junior Gold information on this page should be used as a complementary analysis to other Sprott Junior's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Sprott Junior 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.