Sprott Energy Transition Etf Fundamentals
| SETM Etf | 17.91 0.02 0.11% |
Sprott Energy Transition fundamentals help investors to digest information that contributes to Sprott Energy's financial success or failures. It also enables traders to predict the movement of Sprott Etf. The fundamental analysis module provides a way to measure Sprott Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sprott Energy etf.
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Sprott Energy Transition ETF One Year Return Analysis
Sprott Energy's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Sprott Energy One Year Return | 8.70 % |
Most of Sprott Energy's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sprott Energy Transition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Sprott Energy Transition has an One Year Return of 8.7%. This is much higher than that of the family and significantly higher than that of the Natural Resources category. The one year return for all United States etfs is notably lower than that of the firm.
Sprott One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Energy's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sprott Energy could also be used in its relative valuation, which is a method of valuing Sprott Energy by comparing valuation metrics of similar companies.Sprott Energy is currently under evaluation in one year return as compared to similar ETFs.
About Sprott Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Energy Transition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Energy Transition based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Sprott Energy is entity of United States. It is traded as Etf on NASDAQ exchange.
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The market value of Sprott Energy Transition 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is Sprott Energy'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 Energy's market value can be influenced by many factors that don't directly affect Sprott Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Energy'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.