Sprott Lithium Miners Etf Price on January 19, 2024
| LITP Etf | 8.45 0.10 1.20% |
If you're considering investing in Sprott Etf, it is important to understand the factors that can impact its price. As of today, the current price of Sprott Lithium stands at 8.45, as last reported on the 26th of November, with the highest price reaching 8.55 and the lowest price hitting 8.36 during the day. Sprott Lithium appears to be slightly risky, given 3 months investment horizon. Sprott Lithium Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0911, which indicates the etf had a 0.0911% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Lithium Miners, which you can use to evaluate the volatility of the etf. Please review Sprott Lithium's Coefficient Of Variation of 1310.71, risk adjusted performance of 0.0664, and Semi Deviation of 2.86 to confirm if our risk estimates are consistent with your expectations.
Sprott Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Sprott |
Sharpe Ratio = 0.0911
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Estimated Market Risk
| 3.6 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Sprott Lithium is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sprott Lithium by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 2.5 K |
Sprott Lithium Valuation on January 19, 2024
It is possible to determine the worth of Sprott Lithium on a given historical date. On January 19, 2024 Sprott was worth 10.0 at the beginning of the trading date compared to the closed value of 9.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sprott Lithium etf. Still, in general, we apply an absolute valuation method to find Sprott Lithium's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sprott Lithium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sprott Lithium's related companies.
| Open | High | Low | Close | Volume | |
| 10.13 | 10.13 | 10.00 | 10.02 | 11,200 | |
01/19/2024 | 10.00 | 10.00 | 9.72 | 9.83 | 11,500 |
| 9.52 | 9.68 | 9.28 | 9.48 | 27,100 |
| Backtest Sprott Lithium | | | Sprott Lithium History | | | Sprott Lithium Valuation | Previous | Next |
Sprott Lithium Trading Date Momentum on January 19, 2024
| On January 22 2024 Sprott Lithium Miners was traded for 9.48 at the closing time. The top price for the day was 9.68 and the lowest listed price was 9.28 . The trading volume for the day was 27.1 K. The trading history from January 22, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.56% . The trading price change against the current closing price is 0.81% . |
About Sprott Lithium Etf history
Sprott Lithium investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sprott is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sprott Lithium Miners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sprott Lithium stock prices may prove useful in developing a viable investing in Sprott Lithium
Sprott Lithium Etf Technical Analysis
Sprott Lithium technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Sprott Lithium Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Sprott Lithium Miners cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sprott Lithium November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Sprott Lithium etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sprott Lithium shares will generate the highest return on investment. By undertsting and applying Sprott Lithium etf market strength indicators, traders can identify Sprott Lithium Miners entry and exit signals to maximize returns
Sprott Lithium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sprott Lithium's price direction in advance. Along with the technical and fundamental analysis of Sprott Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sprott to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.1228 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0446 | |||
| Treynor Ratio | 0.2282 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sprott Lithium 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 estimate. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Sprott Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Lithium'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.