Sprott Physical Uranium Stock Market Value
| SRUUF Stock | USD 17.82 0.73 3.94% |
| Symbol | Sprott |
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 otc stock 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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sprott Physical on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Uranium or generate 0.0% return on investment in Sprott Physical over 180 days. Sprott Physical is related to or competes with Denison Mines, Energy Fuels, EnCore Energy, Ur Energy, Cameco Corp, Uranium Energy, and Centrus Energy. Sprott Physical Uranium Trust Fund is headquartered in Toronto, Ontario, Canada 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 otc stock 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 Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 4.1 |
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 | 0.0118 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0096 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Physical'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 Physical Uranium Backtested Returns
Sprott Physical Uranium owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0075, which indicates the firm had a -0.0075% return per unit of risk over the last 3 months. Sprott Physical Uranium exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprott Physical's Risk Adjusted Performance of 0.0118, coefficient of variation of 15430.3, and Semi Deviation of 2.19 to confirm the risk estimate we provide. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. 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. At this point, Sprott Physical Uranium has a negative expected return of -0.0187%. Please make sure to validate Sprott Physical's potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Sprott Physical Uranium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Sprott Physical Uranium has very weak predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Uranium price movement. The serial correlation of 0.16 indicates that over 16.0% of current Sprott Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Sprott Physical Uranium lagged returns against current returns
Autocorrelation, which is Sprott Physical otc stock'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 otc stock 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 otc stock 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical otc stock 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 otc stock 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Uranium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sprott OTC Stock
Sprott Physical financial ratios help investors to determine whether Sprott OTC Stock 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.