Sprott Energy Correlations

SETM Etf

17.91 0.02 0.11%

The current 90-days correlation between Sprott Energy Transition and Sprott Nickel Miners is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Energy Transition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sprott Energy Correlation With Market

Weak diversification

The correlation between Sprott Energy Transition and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Energy Transition and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Energy Transition. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Sprott Etf

0.84	EV	Mast Global Battery	Pair Corr
0.79	XLB	Materials Select Sector	Pair Corr
0.89	VAW	Vanguard Materials Index	Pair Corr
0.9	XME	SPDR SP Metals	Pair Corr
0.69	PHO	Invesco Water Resources	Pair Corr
0.82	FXZ	First Trust Materials	Pair Corr
0.71	FIW	First Trust Water	Pair Corr
0.95	URNM	Sprott Uranium Miners	Pair Corr
0.87	IYM	iShares Basic Materials	Pair Corr
0.77	DSJA	DSJA	Pair Corr
0.67	RSPY	Tuttle Capital Management	Pair Corr
0.92	GMET	VanEck Vectors ETF	Pair Corr
0.92	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.66	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.87	HD	Home Depot	Pair Corr

Moving against Sprott Etf

0.55

Procter Gamble

Pair Corr

Related Correlations Analysis

	NIKL	URNM	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF
NIKL		0.64	0.0	0.79	0.48	0.58	0.3	-0.46	0.69	-0.3	NIKL
URNM	0.64		0.0	0.85	0.56	0.23	-0.15	0.06	0.65	0.15	URNM
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.79	0.85	0.0		0.72	0.4	0.03	-0.09	0.82	-0.03	MSTSX
LBHIX	0.48	0.56	0.0	0.72		0.62	-0.21	0.17	0.73	0.21	LBHIX
ABHYX	0.58	0.23	0.0	0.4	0.62		-0.01	-0.21	0.47	0.01	ABHYX
SCAXF	0.3	-0.15	0.0	0.03	-0.21	-0.01		-0.71	-0.01	-1.0	SCAXF
VIASP	-0.46	0.06	0.0	-0.09	0.17	-0.21	-0.71		-0.03	0.71	VIASP
RRTLX	0.69	0.65	0.0	0.82	0.73	0.47	-0.01	-0.03		0.01	RRTLX
OSHDF	-0.3	0.15	0.0	-0.03	0.21	0.01	-1.0	0.71	0.01		OSHDF
	NIKL	URNM	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF

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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

MSTSX	+ 0.85	URNM
RRTLX	+ 0.82	MSTSX
MSTSX	+ 0.79	NIKL
RRTLX	+ 0.73	LBHIX
LBHIX	+ 0.72	MSTSX
OSHDF	+ 0.71	VIASP

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.71	SCAXF
VIASP	- 0.46	NIKL
OSHDF	- 0.3	NIKL
VIASP	- 0.21	ABHYX
SCAXF	- 0.21	LBHIX

Sprott Energy Constituents Risk-Adjusted Indicators

There is a big difference between Sprott Etf performing well and Sprott Energy 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 Energy'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
NIKL	1.28	(0.08)	0.00	(0.07)	0.00	0.00	3.49	(2.74)	9.62
URNM	1.94	0.16	0.08	0.21	2.08	(2.21)	5.47	(3.40)	14.77
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
RRTLX	0.24	0.00	(0.23)	0.89	0.26	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	21.86	0.00	(0.99)	0.00	0.00	0.00	0.00	1,329

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