Sprott Silver Miners Etf Net Income
| SLVR Etf | USD 57.32 0.14 0.24% |
Fundamental analysis of Sprott Silver allows traders to better anticipate movements in Sprott Silver's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Sprott Silver Miners ETF Net Income Analysis
Sprott Silver's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Sprott Silver Net Income | 9.2 M |
Most of Sprott Silver's fundamental indicators, such as Net Income, 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 Silver Miners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Sprott Silver Miners reported net income of 9.2 M. This is much higher than that of the Capital Markets family and significantly higher than that of the Equity Precious Metals category. The net income for all United States etfs is notably lower than that of the firm.
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Sprott Fundamentals
| Return On Asset | -0.002 | |||
| Current Valuation | 326.79 M | |||
| Shares Outstanding | 25 M | |||
| Shares Owned By Institutions | 93.97 % | |||
| Number Of Shares Shorted | 2.5 K | |||
| Price To Earning | 142.00 X | |||
| Price To Book | 1.30 X | |||
| EBITDA | (7.62 M) | |||
| Net Income | 9.2 M | |||
| Cash And Equivalents | 163.28 K | |||
| Total Debt | 24 K | |||
| Debt To Equity | 9.41 % | |||
| Current Ratio | 0.57 X | |||
| Book Value Per Share | (0.34) X | |||
| Cash Flow From Operations | (425.28 K) | |||
| Short Ratio | 0.53 X | |||
| Earnings Per Share | 0.34 X | |||
| Market Capitalization | 327.19 M | |||
| Total Asset | 253.84 M | |||
| Retained Earnings | (11.76 M) | |||
| Working Capital | (807.24 K) | |||
| Net Asset | 253.84 M |
About Sprott Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Silver Miners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Silver Miners 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.
Pair Trading with Sprott Silver
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 Silver 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 Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Etf
| 0.95 | GDX | VanEck Gold Miners Aggressive Push | PairCorr |
| 0.98 | SIL | Global X Silver | PairCorr |
| 0.99 | SILJ | Amplify Junior Silver | PairCorr |
| 0.95 | SGDM | Sprott Gold Miners | PairCorr |
Moving against Sprott Etf
The ability to find closely correlated positions to Sprott Silver 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 Silver 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 Silver - 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 Silver Miners to buy it.
The correlation of Sprott Silver 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 Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Silver 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 Silver 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 Sprott Silver Piotroski F Score and Sprott Silver Altman Z Score analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of Sprott Silver 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 Silver's value that differs from its market value or its book value, called intrinsic value, which is Sprott Silver'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 Silver's market value can be influenced by many factors that don't directly affect Sprott Silver'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 Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Silver'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.