Sprott Correlations

SII Stock

CAD 197.31 17.84 9.94%

The current 90-days correlation between Sprott Inc and Brookfield Business Corp is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sprott Correlation With Market

Poor diversification

The correlation between Sprott Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprott Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sprott could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Inc to buy it.

Moving together with Sprott Stock

0.69	SBI	Serabi Gold PLC	Pair Corr
0.7	LOVE	Cannara Biotech	Pair Corr
0.75	BTE	Baytex Energy Corp	Pair Corr
0.79	IPO	InPlay Oil Corp	Pair Corr
0.82	WAST	Waste Management CDR	Pair Corr
0.88	SGR-U	Slate Grocery REIT	Pair Corr
0.74	QNC	Quantum eMotion Corp	Pair Corr
0.84	ETG	Entree Resources	Pair Corr
0.87	MGG	Minaurum Silver	Pair Corr
0.74	PDV	Prime Dividend Corp	Pair Corr
0.64	DOS	Dios Exploration	Pair Corr
0.77	WPRT	Westport Fuel Systems	Pair Corr
0.79	PWF-PA	Power Financial Corp	Pair Corr
0.62	TRU	Trius Investments	Pair Corr
0.93	FTT	Finning International	Pair Corr
0.73	ENB-PFC	Enbridge Pref 11	Pair Corr
0.93	PGDC	Patagonia Gold Corp	Pair Corr
0.78	TUF	Honey Badger Silver	Pair Corr
0.89	TI	Titan Mining Corp	Pair Corr
0.87	BPF-UN	Boston Pizza Royalties	Pair Corr
0.9	ACQ	Autocanada	Pair Corr
0.69	CCA	Cogeco Communications	Pair Corr
0.76	EXE	Extendicare Earnings Call This Week	Pair Corr
0.81	CWEB	Charlottes Web Holdings	Pair Corr
0.95	MKO	Mako Mining Corp	Pair Corr

Moving against Sprott Stock

0.7	MSFT	Microsoft Corp CDR	Pair Corr
0.7	MSFT	Microsoft CDR	Pair Corr
0.69	AAPL	Apple Inc CDR	Pair Corr
0.69	AAPL	Apple CDR	Pair Corr

Related Correlations Analysis

	BBUC	GCG-A	GSY	GCG	CYB	BITF	UNC	EQB	AGF-B
BBUC		0.18	0.41	0.32	0.2	0.13	0.03	0.32	0.23	BBUC
GCG-A	0.18		0.09	0.87	0.9	-0.56	0.75	0.88	0.92	GCG-A
GSY	0.41	0.09		-0.03	0.05	0.4	0.17	0.02	0.0	GSY
GCG	0.32	0.87	-0.03		0.83	-0.51	0.65	0.8	0.82	GCG
CYB	0.2	0.9	0.05	0.83		-0.49	0.75	0.82	0.88	CYB
BITF	0.13	-0.56	0.4	-0.51	-0.49		-0.44	-0.7	-0.73	BITF
UNC	0.03	0.75	0.17	0.65	0.75	-0.44		0.66	0.71	UNC
EQB	0.32	0.88	0.02	0.8	0.82	-0.7	0.66		0.96	EQB
AGF-B	0.23	0.92	0.0	0.82	0.88	-0.73	0.71	0.96		AGF-B
	BBUC	GCG-A	GSY	GCG	CYB	BITF	UNC	EQB	AGF-B

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

AGF-B	+ 0.96	EQB
AGF-B	+ 0.92	GCG-A
CYB	+ 0.9	GCG-A
EQB	+ 0.88	GCG-A
AGF-B	+ 0.88	CYB
GCG	+ 0.87	GCG-A

High negative correlations

AGF-B	- 0.73	BITF
EQB	- 0.7	BITF
BITF	- 0.56	GCG-A
BITF	- 0.51	GCG
BITF	- 0.49	CYB
UNC	- 0.44	BITF

Risk-Adjusted Indicators

There is a big difference between Sprott Stock performing well and Sprott Company 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'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
BBUC	1.73	0.11	0.04	0.24	2.05	(1.95)	4.48	(2.93)	11.86
GCG-A	0.08	0.01	(0.61)	0.50	0.00	(0.12)	0.16	(0.18)	0.80
GSY	1.58	(0.05)	(0.03)	0.00	2.18	(1.55)	3.30	(3.21)	11.54
GCG	0.12	0.01	(0.21)	(0.62)	0.09	(0.19)	0.24	(0.30)	2.57
CYB	1.11	0.20	0.11	0.46	1.17	(1.22)	1.97	(1.94)	7.25
BITF	4.61	(0.54)	0.00	(0.07)	0.00	0.00	10.64	(7.65)	31.68
UNC	1.79	0.25	0.04	(0.34)	2.85	(2.05)	9.92	(6.84)	20.33
EQB	1.16	0.54	0.42	(8.05)	0.57	(1.50)	2.56	(1.76)	16.06
AGF-B	1.20	0.57	0.38	1.73	0.75	(1.43)	3.08	(2.35)	9.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sprott without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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