Sprott Physical Platinum Etf Debt To Equity
| SPPP Etf | USD 9.76 0.10 1.01% |
Sprott Physical Platinum fundamentals help investors to digest information that contributes to Sprott Physical'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 Physical'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 Physical etf.
Sprott |
Sprott Physical Platinum ETF Debt To Equity Analysis
Sprott Physical's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Sprott Physical Debt To Equity | 0 % |
Most of Sprott Physical's fundamental indicators, such as Debt To Equity, 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 Physical Platinum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
According to the company disclosure, Sprott Physical Platinum has a Debt To Equity of 0.003%. This is much higher than that of the UBS family and significantly higher than that of the Commodities Focused category. The debt to equity for all United States etfs is notably lower than that of the firm.
Sprott Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Physical's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sprott Physical could also be used in its relative valuation, which is a method of valuing Sprott Physical by comparing valuation metrics of similar companies.Sprott Physical is currently under evaluation in debt to equity as compared to similar ETFs.
Sprott Fundamentals
| Return On Asset | -0.32 | |||
| Current Valuation | 146.6 M | |||
| Shares Outstanding | 8.78 M | |||
| Shares Owned By Institutions | 19.49 % | |||
| Number Of Shares Shorted | 2.08 K | |||
| Price To Earning | (2.47) X | |||
| Price To Book | 1.52 X | |||
| Price To Sales | (2.55) X | |||
| Revenue | (46.93 M) | |||
| Gross Profit | (46.93 M) | |||
| EBITDA | (48.45 M) | |||
| Net Income | (48.45 M) | |||
| Cash And Equivalents | 668.32 K | |||
| Cash Per Share | (0.07) X | |||
| Total Debt | 37.03 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 395.26 X | |||
| Cash Flow From Operations | (1.45 M) | |||
| Short Ratio | 0.04 X | |||
| Earnings Per Share | (2.49) X | |||
| Beta | -0.26 | |||
| Market Capitalization | 122.34 M | |||
| Total Asset | 96.47 M | |||
| Retained Earnings | (41.73 M) | |||
| Working Capital | 96.23 M | |||
| Current Asset | 96.47 M | |||
| Current Liabilities | 244.08 K | |||
| One Year Return | (2.40) % | |||
| Three Year Return | (14.10) % | |||
| Five Year Return | (5.40) % | |||
| Ten Year Return | 1.20 % |
About Sprott Physical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Physical Platinum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Physical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Physical Platinum 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 Physical
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 Physical 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 Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Etf
| 0.85 | GLD | SPDR Gold Shares | PairCorr |
| 0.85 | IAU | iShares Gold Trust | PairCorr |
| 0.88 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.85 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.85 | SGOL | abrdn Physical Gold | PairCorr |
The ability to find closely correlated positions to Sprott Physical 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 Physical 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 Physical - 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 Physical Platinum to buy it.
The correlation of Sprott Physical 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 Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Platinum 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 Physical 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 Physical Piotroski F Score and Sprott Physical Altman Z Score analysis. 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 Physical Platinum 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 Physical's value that differs from its market value or its book value, called intrinsic value, which is Sprott Physical'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 Physical's market value can be influenced by many factors that don't directly affect Sprott Physical'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 Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Physical'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.