Sprott Physical Silver Etf Market Value
| PSLV Etf | USD 10.26 0.05 0.49% |
| Symbol | Sprott |
The market value of Sprott Physical Silver 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.
Sprott Physical '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 Physical'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 Physical.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sprott Physical on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Silver or generate 0.0% return on investment in Sprott Physical over 300 days. Sprott Physical is related to or competes with Sprott Physical, Sprott Physical, Blue Owl, Ares Management, Sprott Physical, Sprott, and BlackRock ESG. Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP More
Sprott Physical 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 Physical'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 Physical Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 3.18 |
Sprott Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Physical's standard deviation. In reality, there are many statistical measures that can use Sprott Physical historical prices to predict the future Sprott Physical's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1896 |
Sprott Physical Silver Backtested Returns
At this stage we consider Sprott Etf to be not too volatile. Sprott Physical Silver owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0306, which indicates the etf had a 0.0306% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sprott Physical Silver, which you can use to evaluate the volatility of the etf. Please validate Sprott Physical's Semi Deviation of 2.13, coefficient of variation of 7388.4, and Risk Adjusted Performance of 0.0165 to confirm if the risk estimate we provide is consistent with the expected return of 0.0614%. The entity has a beta of 0.0904, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sprott Physical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Physical is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Sprott Physical Silver has modest predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th of November 2024. 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 Physical Silver price movement. The serial correlation of 0.55 indicates that about 55.0% of current Sprott Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Sprott Physical Silver lagged returns against current returns
Autocorrelation, which is Sprott Physical 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 Physical's etf expected returns. We can calculate the autocorrelation of Sprott Physical returns to help us make a trade decision. For example, suppose you find that Sprott Physical 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 Physical 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 Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Physical Lagged Returns
When evaluating Sprott Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Physical etf have on its future price. Sprott Physical 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 Physical autocorrelation shows the relationship between Sprott Physical etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Silver.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sprott Etf
Sprott Physical financial ratios help investors to determine whether Sprott Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sprott with respect to the benefits of owning Sprott Physical security.