Sprott Lithium Miners Etf Performance
| LITP Etf | 8.35 0.11 1.30% |
The entity has a beta of 1.14, which indicates a somewhat significant risk relative to the market. Sprott Lithium returns are very sensitive to returns on the market. As the market goes up or down, Sprott Lithium is expected to follow.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Sprott Lithium Miners are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Even with relatively sluggish basic indicators, Sprott Lithium reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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Sprott |
Sprott Lithium Relative Risk vs. Return Landscape
If you would invest 741.00 in Sprott Lithium Miners on August 27, 2024 and sell it today you would earn a total of 94.00 from holding Sprott Lithium Miners or generate 12.69% return on investment over 90 days. Sprott Lithium Miners is currently generating 0.2493% in daily expected returns and assumes 3.6017% risk (volatility on return distribution) over the 90 days horizon. In different words, 32% of etfs are less volatile than Sprott, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Sprott Lithium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Lithium's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Sprott Lithium Miners, and traders can use it to determine the average amount a Sprott Lithium's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0692
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.6 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Sprott Lithium is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sprott Lithium by adding it to a well-diversified portfolio.
About Sprott Lithium Performance
Assessing Sprott Lithium's fundamental ratios provides investors with valuable insights into Sprott Lithium's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Sprott Lithium is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Sprott Lithium is entity of United States. It is traded as Etf on NASDAQ exchange.| Sprott Lithium had very high historical volatility over the last 90 days | |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sprott Lithium Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of Sprott Lithium Miners 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 Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Lithium'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 Lithium's market value can be influenced by many factors that don't directly affect Sprott Lithium'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 Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Lithium'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.