Sprott Energy Transition Etf Market Value
| SETM Etf | 17.82 0.09 0.50% |
| Symbol | Sprott |
The market value of Sprott Energy Transition 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is Sprott Energy'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 Energy's market value can be influenced by many factors that don't directly affect Sprott Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Energy'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 Energy '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 Energy'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 Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sprott Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Energy Transition or generate 0.0% return on investment in Sprott Energy over 30 days. Sprott Energy is related to or competes with Sprott Lithium, Sprott Junior, Sprott Junior, Sprott Nickel, and Sprott Uranium. Sprott Energy is entity of United States More
Sprott Energy 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 Energy'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 Energy Transition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0277 | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.53 |
Sprott Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Energy's standard deviation. In reality, there are many statistical measures that can use Sprott Energy historical prices to predict the future Sprott Energy's volatility.| Risk Adjusted Performance | 0.07 | |||
| Jensen Alpha | 0.0583 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | 0.1756 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Energy'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 Energy Transition Backtested Returns
As of now, Sprott Etf is not too volatile. Sprott Energy Transition owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the etf had a 0.0677% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sprott Energy Transition, which you can use to evaluate the volatility of the etf. Please validate Sprott Energy's Coefficient Of Variation of 1214.32, semi deviation of 1.84, and Risk Adjusted Performance of 0.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. Sprott Energy returns are very sensitive to returns on the market. As the market goes up or down, Sprott Energy is expected to follow.
Auto-correlation | 0.30 |
Below average predictability
Sprott Energy Transition has below average predictability. Overlapping area represents the amount of predictability between Sprott Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Energy Transition price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sprott Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Sprott Energy Transition lagged returns against current returns
Autocorrelation, which is Sprott Energy 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 Energy's etf expected returns. We can calculate the autocorrelation of Sprott Energy returns to help us make a trade decision. For example, suppose you find that Sprott Energy 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 Energy 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 Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Energy etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Energy Lagged Returns
When evaluating Sprott Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Energy etf have on its future price. Sprott Energy 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 Energy autocorrelation shows the relationship between Sprott Energy etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Energy Transition.
Regressed Prices |
| Timeline |
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Sprott Energy 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.