Sprott Junior Competition
| COPJ Etf | 48.90 2.83 6.14% |
Sprott Junior vs PGIM ETF Correlation
Almost no diversification
The correlation between Sprott Junior Copper and PJFV is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Junior Copper and PJFV in the same portfolio, assuming nothing else is changed.
Moving together with Sprott Etf
| 0.98 | XLB | Materials Select Sector Aggressive Push | PairCorr |
| 0.98 | VAW | Vanguard Materials Index | PairCorr |
| 0.98 | XME | SPDR SP Metals | PairCorr |
| 0.64 | PHO | Invesco Water Resources | PairCorr |
Moving against Sprott Etf
Sprott Junior Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Sprott Junior and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Sprott and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Sprott Junior Copper does not affect the price movement of the other competitor.
Sprott Junior Constituents Risk-Adjusted Indicators
There is a big difference between Sprott Etf performing well and Sprott Junior ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sprott Junior's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EWK | 0.53 | 0.15 | 0.17 | 17.42 | 0.36 | 1.05 | 3.12 | |||
| FPWR | 0.51 | 0.05 | 0.04 | 0.22 | 0.51 | 1.05 | 2.67 | |||
| STXI | 0.60 | 0.09 | 0.11 | 0.16 | 0.56 | 1.24 | 2.89 | |||
| COAL | 1.22 | 0.27 | 0.15 | 0.34 | 1.43 | 2.55 | 8.70 | |||
| AUMI | 2.16 | 0.47 | 0.13 | 0.53 | 2.90 | 5.04 | 20.64 | |||
| FORH | 0.72 | (0.07) | 0.00 | (0.04) | 0.00 | 1.39 | 4.37 | |||
| STXM | 0.76 | 0.06 | 0.07 | 0.11 | 0.81 | 1.58 | 3.63 | |||
| PSCD | 1.08 | 0.03 | 0.04 | 0.07 | 1.03 | 2.95 | 6.68 | |||
| AVNV | 0.56 | 0.15 | 0.17 | 0.29 | 0.52 | 1.18 | 3.81 | |||
| PJFV | 0.57 | 0.07 | 0.08 | 0.12 | 0.64 | 1.17 | 3.56 |
Sprott Junior Competitive Analysis
The better you understand Sprott Junior competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Sprott Junior's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Sprott Junior's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Sprott Junior Competition Performance Charts
Five steps to successful analysis of Sprott Junior Competition
Sprott Junior's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Sprott Junior Copper in relation to its competition. Sprott Junior's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Sprott Junior in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Sprott Junior's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Sprott Junior Copper, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Sprott Junior position
In addition to having Sprott Junior in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cannabis Thematic Idea Now
Cannabis
Equities that are involved in production and delivery of legal cannabis. This theme is designed for investors that are willing to accept higher levels of market risk inherited by cannabis production and distribution globally. The Cannabis theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cannabis Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Sprott Junior Correlation with its peers. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Sprott Junior Copper 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. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated 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.
It's important to distinguish between Sprott Junior's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Sprott Junior should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Sprott Junior's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.