Sprott Lithium Financial Statements From 2010 to 2026
| LITP Etf | 12.75 0.35 2.67% |
Check Sprott Lithium financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sprott Lithium's main balance sheet or income statement drivers, such as , as well as many indicators such as . Sprott financial statements analysis is a perfect complement when working with Sprott Lithium Valuation or Volatility modules.
This module can also supplement various Sprott Lithium Technical models . Check out the analysis of Sprott Lithium Correlation against competitors. Pair Trading with Sprott Lithium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott Lithium will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Etf
| 0.67 | XLB | Materials Select Sector | PairCorr |
| 0.72 | VAW | Vanguard Materials Index | PairCorr |
| 0.9 | XME | SPDR SP Metals | PairCorr |
| 0.69 | PHO | Invesco Water Resources | PairCorr |
Moving against Sprott Etf
The ability to find closely correlated positions to Sprott Lithium 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 Lithium 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 Lithium - 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 Lithium Miners to buy it.
The correlation of Sprott Lithium 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Lithium Miners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Sprott Lithium Correlation against competitors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Sprott Lithium Miners 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 Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Lithium's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Sprott Lithium's market value can be influenced by many factors that don't directly affect Sprott Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Sprott Lithium's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Sprott Lithium represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Sprott Lithium's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.