Sprott Ptb Ratio vs Book Value Per Share Analysis
| SPPP Stock | CAD 13.66 0.12 0.87% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Platinum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Platinum is a good investment. Please check the relationship between Sprott Physical Ptb Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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.
Ptb Ratio vs Book Value Per Share
Ptb Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Platinum Ptb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sprott Physical's Ptb Ratio and Book Value Per Share is -0.55. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Sprott Physical Platinum, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Ptb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Sprott Physical Platinum are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Ptb Ratio i.e., Sprott Physical's Ptb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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 Platinum 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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. At this time, Sprott Physical's Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Issuance Of Capital Stock is likely to grow to about 19.8 M, though Sales General And Administrative To Revenue is likely to grow to (0.01).
| 2021 | 2023 | 2024 (projected) | Total Operating Expenses | 791K | 674K | 618.0K | Cost Of Revenue | 1.2M | 1.4M | 838.3K |
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) | ||
| Total Assets | 118.1M | 127.1M | 132.5M | 138.3M | 116.5M | 110.3M | |
| Total Stockholder Equity | 117.7M | 126.8M | 131.8M | 138.3M | 116.3M | 110.1M | |
| Net Debt | (269.3K) | (1.2M) | (892K) | (375K) | (594K) | (623.7K) | |
| Retained Earnings | 53.5M | 67.3M | 35.7M | 26.6M | (9.5M) | (9.0M) | |
| Cash | 269.3K | 1.2M | 892K | 375K | 594K | 518.8K | |
| Non Current Assets Total | 117.6M | 125.8M | 131.5M | 138.0M | 115.9M | 109.9M | |
| Cash And Short Term Investments | 269.3K | 1.2M | 892K | 375K | 594K | 564.3K | |
| Common Stock Total Equity | 131.7M | 98.5M | 79.4M | 74.9M | 67.4M | 120.1M | |
| Common Stock Shares Outstanding | 11.2M | 8.6M | 7.0M | 8.3M | 10.3M | 11.3M | |
| Liabilities And Stockholders Equity | 118.1M | 127.1M | 132.5M | 138.3M | 116.5M | 110.3M | |
| Other Stockholder Equity | (15.2M) | (15.4M) | (15.7M) | (16.1M) | (16.2M) | (17.1M) | |
| Total Current Assets | 269.3K | 1.2M | 892K | 375K | 594K | 564.3K | |
| Common Stock | 79.4M | 74.9M | 111.9M | 127.8M | 142.0M | 115.1M | |
| Other Current Liab | (346.2K) | (240K) | (267K) | (59K) | (212K) | (222.6K) | |
| Total Current Liabilities | 346.2K | 240K | 267K | 59K | 212K | 181.8K | |
| Accounts Payable | 346.2K | 240K | 267K | 59K | 212K | 178.9K | |
| Total Liab | 346.2K | 240K | 267K | 59K | 212K | 181.8K | |
| Non Currrent Assets Other | (117.6M) | (125.8M) | (131.5M) | (138.0M) | (115.9M) | (121.7M) | |
| Short Term Investments | 101.5M | 117.6M | 125.8M | 131.5M | 151.3M | 129.3M | |
| Long Term Investments | 117.6M | 125.8M | 131.5M | 138.0M | 115.9M | 131.9M | |
| Capital Stock | 79.4M | 74.9M | 111.9M | 127.8M | 142.0M | 116.3M |
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 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.Other Information on Investing in Sprott Stock
Balance Sheet is a snapshot of the financial position of Sprott Physical Platinum at a specified time, usually calculated after every quarter, six months, or one year. Sprott Physical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sprott Physical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sprott currently owns. An asset can also be divided into two categories, current and non-current.