Sprott Active Metals Etf Market Value
| METL Etf | 25.86 0.10 0.39% |
| Symbol | Sprott |
The market value of Sprott Active Metals 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 Active's value that differs from its market value or its book value, called intrinsic value, which is Sprott Active'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 Active's market value can be influenced by many factors that don't directly affect Sprott Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Active'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.
Sprott Active 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sprott Active's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sprott Active.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in Sprott Active on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding Sprott Active Metals or generate 0.0% return on investment in Sprott Active over 180 days. Sprott Active is related to or competes with LAFFERTENGLER Equity, AIM ETF, Innovator ETFs, Listed Funds, Innovator ETFs, Innovator ETFs, and Pacer Small. Sprott Active is entity of United States More
Sprott Active Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sprott Active's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sprott Active Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 4.1 |
Sprott Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Active's standard deviation. In reality, there are many statistical measures that can use Sprott Active historical prices to predict the future Sprott Active's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.2197 | |||
| Total Risk Alpha | 0.1039 | |||
| Sortino Ratio | 0.0935 | |||
| Treynor Ratio | 0.196 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Active's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sprott Active Metals Backtested Returns
Sprott Active appears to be very steady, given 3 months investment horizon. Sprott Active Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the etf had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Active Metals, which you can use to evaluate the volatility of the etf. Please review Sprott Active's Coefficient Of Variation of 778.3, semi deviation of 2.47, and Risk Adjusted Performance of 0.0973 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.6, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sprott Active will likely underperform.
Auto-correlation | 0.87 |
Very good predictability
Sprott Active Metals has very good predictability. Overlapping area represents the amount of predictability between Sprott Active time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprott Active Metals price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Sprott Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Sprott Active Metals lagged returns against current returns
Autocorrelation, which is Sprott Active etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sprott Active's etf expected returns. We can calculate the autocorrelation of Sprott Active returns to help us make a trade decision. For example, suppose you find that Sprott Active has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sprott Active regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sprott Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Active etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Active Lagged Returns
When evaluating Sprott Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Active etf have on its future price. Sprott Active autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sprott Active autocorrelation shows the relationship between Sprott Active etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Active Metals.
Regressed Prices |
| Timeline |
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Sprott Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.