Sprott Nickel Miners Etf Buy Hold or Sell Recommendation

NIKL Etf   10.25  0.06  0.58%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Sprott Nickel Miners is 'Hold'. The recommendation algorithm takes into account all of Sprott Nickel's available fundamental, technical, and predictive indicators you will find on this site.
  
Check out Sprott Nickel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Sprott and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Sprott Nickel Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Execute Sprott Nickel Buy or Sell Advice

The Sprott recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Sprott Nickel Miners. Macroaxis does not own or have any residual interests in Sprott Nickel Miners or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Sprott Nickel's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Sprott NickelBuy Sprott Nickel
Hold

Market Performance

Very WeakDetails

Volatility

Not too volatileDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Not AvailableDetails

Financial Leverage

Not RatedDetails
For the selected time horizon Sprott Nickel Miners has a Risk Adjusted Performance of (0.19), Jensen Alpha of (0.34), Total Risk Alpha of (0.44) and Treynor Ratio of (0.65)
Our advice tool can cross-verify current analyst consensus on Sprott Nickel and to analyze the entity potential to grow in the current economic cycle. Be advised to validate Sprott Nickel one year return to validate our buy or sell recommendation.

Sprott Nickel Trading Alerts and Improvement Suggestions

Sprott Nickel Miners generated a negative expected return over the last 90 days
Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily

Sprott Nickel Returns Distribution Density

The distribution of Sprott Nickel's historical returns is an attempt to chart the uncertainty of Sprott Nickel's future price movements. The chart of the probability distribution of Sprott Nickel daily returns describes the distribution of returns around its average expected value. We use Sprott Nickel Miners price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Sprott Nickel returns is essential to provide solid investment advice for Sprott Nickel.
Mean Return
-0.29
Value At Risk
-2.3
Potential Upside
2.01
Standard Deviation
1.28
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Sprott Nickel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Sprott Nickel Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Sprott Nickel or Natural Resources sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Sprott Nickel's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Sprott etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.34
β
Beta against Dow Jones0.46
σ
Overall volatility
1.30
Ir
Information ratio -0.31

Sprott Nickel Volatility Alert

Sprott Nickel Miners exhibits very low volatility with skewness of -0.26 and kurtosis of 0.74. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Sprott Nickel's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Sprott Nickel's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Sprott Nickel Fundamentals Vs Peers

Comparing Sprott Nickel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Sprott Nickel's direct or indirect competition across all of the common fundamentals between Sprott Nickel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Sprott Nickel or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Sprott Nickel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Sprott Nickel by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Sprott Nickel to competition
FundamentalsSprott NickelPeer Average
One Year Return(15.30) %(0.97) %

Sprott Nickel Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Sprott . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Sprott Nickel Buy or Sell Advice

When is the right time to buy or sell Sprott Nickel Miners? Buying financial instruments such as Sprott Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Sprott Nickel 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 Toys Thematic Idea Now

Toys
Toys Theme
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 41 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 Toys Theme or any other thematic opportunities.
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When determining whether Sprott Nickel Miners is a strong investment it is important to analyze Sprott Nickel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sprott Nickel's future performance. For an informed investment choice regarding Sprott Etf, refer to the following important reports:
Check out Sprott Nickel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of Sprott Nickel 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 Nickel's value that differs from its market value or its book value, called intrinsic value, which is Sprott Nickel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Nickel's market value can be influenced by many factors that don't directly affect Sprott Nickel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sprott Nickel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Nickel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Nickel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.