Sprott Gold Equity Fund Market Value
| SGDLX Fund | USD 55.29 0.43 0.78% |
| Symbol | Sprott |
Sprott Gold '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 Gold's mutual fund 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 Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sprott Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Gold Equity or generate 0.0% return on investment in Sprott Gold over 30 days. Sprott Gold is related to or competes with Sprott Junior, Sprott Gold, Europac Gold, US Global, and First Eagle. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
Sprott Gold 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 Gold's mutual fund 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 Gold Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.78 |
Sprott Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Gold's standard deviation. In reality, there are many statistical measures that can use Sprott Gold historical prices to predict the future Sprott Gold's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1395 |
Sprott Gold Equity Backtested Returns
At this stage we consider Sprott Mutual Fund to be very steady. Sprott Gold Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.06, which indicates the fund had a 0.06% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sprott Gold Equity, which you can use to evaluate the volatility of the fund. Please validate Sprott Gold's Semi Deviation of 1.64, risk adjusted performance of 0.0188, and Coefficient Of Variation of 5795.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sprott Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Gold is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Sprott Gold Equity has good reverse predictability. Overlapping area represents the amount of predictability between Sprott Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Gold Equity price movement. The serial correlation of -0.52 indicates that about 52.0% of current Sprott Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Sprott Gold Equity lagged returns against current returns
Autocorrelation, which is Sprott Gold mutual fund'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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Sprott Gold returns to help us make a trade decision. For example, suppose you find that Sprott Gold has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Gold mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Gold mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sprott Gold Lagged Returns
When evaluating Sprott Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Gold mutual fund have on its future price. Sprott Gold 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 Gold autocorrelation shows the relationship between Sprott Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sprott Gold Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sprott Mutual Fund
Sprott Gold financial ratios help investors to determine whether Sprott Mutual Fund 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 Gold security.
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