Sprott Retained Earnings vs Common Stock Total Equity Analysis
CEF Stock | CAD 34.86 0.08 0.23% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Gold is a good investment. Please check the relationship between Sprott Physical Retained Earnings and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Retained Earnings vs Common Stock Total Equity
Retained Earnings vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Gold Retained Earnings account and Common Stock Total Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Sprott Physical's Retained Earnings and Common Stock Total Equity is 0.05. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Sprott Physical Gold, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sprott Physical Gold are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., Sprott Physical's Retained Earnings and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 17th of December 2024, Selling General Administrative is likely to drop to about 2.8 M. In addition to that, Tax Provision is likely to drop to about 13.5 K
2023 | 2024 (projected) | Interest Income | 900.0 | 855.0 | Net Interest Income | 38.3K | 64.9K |
Sprott Physical fundamental ratios Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 196.7M | 209.4M | 220.8M | 217.7M | 214.6M | 219.3M | |
Total Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
Other Current Liab | (1.2M) | (125K) | (62K) | (783K) | (1.8M) | (1.7M) | |
Total Current Liabilities | 1.2M | 125K | 62K | 783K | 1.8M | 2.2M | |
Total Stockholder Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
Retained Earnings | 226.6M | 1.2B | 914.2M | 896.0M | 1.2B | 1.2B | |
Accounts Payable | 1.2M | 125K | 62K | 783K | 1.8M | 1.4M | |
Non Current Assets Total | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.5B | |
Non Currrent Assets Other | (3.0B) | (4.4B) | (4.1B) | (4.0B) | (8.5B) | (8.0B) | |
Common Stock Total Equity | 2.4B | 3.0B | 2.7B | 3.2B | 3.7B | 2.2B | |
Liabilities And Stockholders Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 3.3B | |
Non Current Liabilities Total | 1.2M | 125K | 62K | 783K | 1.8M | 898.7K | |
Other Current Assets | 3.0B | 4.4B | 4.1B | 4.0B | (4.2B) | (4.0B) | |
Other Stockholder Equity | (226.6M) | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (3.3M) | |
Total Liab | 1.2M | 125K | 62K | 1.2M | 1.8M | 1.7M | |
Total Current Assets | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 6.6M | |
Common Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 2.4B | |
Net Debt | (1.3M) | (1.4M) | (679K) | (3.4M) | (6.9M) | (7.2M) | |
Cash | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 6.6M | |
Cash And Short Term Investments | 1.3M | 1.4M | 679K | 3.4M | 4.2B | 4.4B | |
Short Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 2.8B | |
Accumulated Other Comprehensive Income | 62.2K | (3.1M) | (3.1M) | (3.2M) | (3.2M) | (3.0M) | |
Net Tangible Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.6B | 3.9B | |
Long Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.0B | |
Capital Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 3.4B |
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 Stock
Moving against Sprott Stock
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 Gold 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 Gold 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.