Sprott Physical Correlations

CEF Etf

USD 25.42 0.00 0.00%

The current 90-days correlation between Sprott Physical Gold and Sprott Physical Silver is -0.12 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sprott Physical Correlation With Market

Significant diversification

The correlation between Sprott Physical Gold and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Physical Gold and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Sprott Etf

0.85	GLD	SPDR Gold Shares Sell-off Trend	Pair Corr
0.85	IAU	iShares Gold Trust Sell-off Trend	Pair Corr
0.83	SLV	iShares Silver Trust	Pair Corr
0.94	GLDM	SPDR Gold MiniShares Sell-off Trend	Pair Corr
0.85	SGOL	abrdn Physical Gold Sell-off Trend	Pair Corr
0.9	GLTR	abrdn Physical Precious	Pair Corr
0.83	SIVR	abrdn Physical Silver	Pair Corr
0.94	IAUM	iShares Gold Trust Sell-off Trend	Pair Corr
0.67	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.63	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.62	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Moving against Sprott Etf

0.54	DBA	Invesco DB Agriculture	Pair Corr
0.52	DSJA	DSJA	Pair Corr
0.41	RFDA	RiverFront Dynamic	Pair Corr
0.38	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.37	RSPY	Tuttle Capital Management	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.54	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.54	WMT	Walmart Aggressive Push	Pair Corr
0.52	BAC	Bank of America	Pair Corr
0.5	AXP	American Express Earnings Call Today	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.68	-0.65	-0.64	0.29	0.57	0.52	0.37	-0.12	-0.72	META
MSFT	0.68		-0.5	-0.25	0.53	0.38	0.62	0.3	-0.07	-0.47	MSFT
UBER	-0.65	-0.5		0.66	-0.5	-0.22	-0.75	-0.44	0.54	0.8	UBER
F	-0.64	-0.25	0.66		0.05	-0.3	-0.18	-0.09	0.2	0.91	F
T	0.29	0.53	-0.5	0.05		0.13	0.77	0.48	-0.3	-0.15	T
A	0.57	0.38	-0.22	-0.3	0.13		0.22	0.56	-0.07	-0.32	A
CRM	0.52	0.62	-0.75	-0.18	0.77	0.22		0.6	-0.5	-0.4	CRM
JPM	0.37	0.3	-0.44	-0.09	0.48	0.56	0.6		-0.62	-0.23	JPM
MRK	-0.12	-0.07	0.54	0.2	-0.3	-0.07	-0.5	-0.62		0.26	MRK
XOM	-0.72	-0.47	0.8	0.91	-0.15	-0.32	-0.4	-0.23	0.26		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XOM	+ 0.91	F
XOM	+ 0.8	UBER
CRM	+ 0.77	T
MSFT	+ 0.68	META
F	+ 0.66	UBER
CRM	+ 0.62	MSFT

High negative correlations

CRM	- 0.75	UBER
XOM	- 0.72	META
UBER	- 0.65	META
F	- 0.64	META
MRK	- 0.62	JPM
MRK	- 0.5	CRM

Sprott Physical Competition Risk-Adjusted Indicators

There is a big difference between Sprott Etf performing well and Sprott Physical 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 Physical'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
META	1.35	0.13	0.05	(1.26)	1.51	(1.52)	3.43	(3.15)	7.43
MSFT	0.96	0.11	0.04	1.84	1.50	(0.95)	2.12	(1.73)	8.14
UBER	1.57	(0.22)	0.00	(2.31)	0.00	0.00	2.67	(5.35)	12.29
F	1.46	(0.12)	0.00	(0.19)	0.00	0.00	2.46	(2.90)	11.21
T	0.98	0.06	0.03	0.20	1.12	(1.06)	1.91	(1.84)	7.96
A	1.20	0.14	0.09	0.33	1.17	(1.40)	2.81	(2.42)	8.06
CRM	1.42	0.22	0.11	0.87	1.47	(1.61)	3.16	(2.88)	14.80
JPM	1.06	0.26	0.18	1.04	1.06	(1.24)	1.92	(1.42)	15.87
MRK	1.00	(0.19)	0.00	(0.99)	0.00	0.00	1.74	(2.17)	5.24
XOM	0.75	(0.14)	0.00	(0.31)	0.00	0.00	1.71	(1.67)	6.06

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