Sprott Gold Equity Fund Market Value

SGDLX Fund  USD 56.12  0.49  0.88%   
Sprott Gold's market value is the price at which a share of Sprott Gold trades on a public exchange. It measures the collective expectations of Sprott Gold Equity investors about its performance. Sprott Gold is trading at 56.12 as of the 30th of January 2025; that is 0.88 percent up since the beginning of the trading day. The fund's open price was 55.63.
With this module, you can estimate the performance of a buy and hold strategy of Sprott Gold Equity and determine expected loss or profit from investing in Sprott Gold over a given investment horizon. Check out Sprott Gold Correlation, Sprott Gold Volatility and Sprott Gold Alpha and Beta module to complement your research on Sprott Gold.
Symbol

Please note, there is a significant difference between Sprott Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Gold'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 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.
0.00
12/31/2024
No Change 0.00  0.0 
In 31 days
01/30/2025
0.00
If you would invest  0.00  in Sprott Gold on December 31, 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.

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.
Hype
Prediction
LowEstimatedHigh
53.9155.6557.39
Details
Intrinsic
Valuation
LowRealHigh
53.3855.1256.86
Details
Naive
Forecast
LowNextHigh
53.0454.7856.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
50.5353.7356.94
Details

Sprott Gold Equity Backtested Returns

Sprott Gold Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0277, which indicates the fund had a -0.0277 % return per unit of risk over the last 3 months. Sprott Gold Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprott Gold's Coefficient Of Variation of (1,044), risk adjusted performance of (0.08), and Variance of 2.93 to confirm the risk estimate we provide. The entity has a beta of 0.15, 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

    
  0.62  

Good predictability

Sprott Gold Equity has good predictability. Overlapping area represents the amount of predictability between Sprott Gold time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 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 Gold Equity price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Sprott Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.7
Residual Average0.0
Price Variance0.4

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  

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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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