Sprott Junior Gold Etf Performance
| SGDJ Etf | USD 37.92 0.89 2.40% |
The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sprott Junior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Junior is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Sprott Junior Gold are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Even with relatively conflicting fundamental indicators, Sprott Junior may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Sprott Junior Gold Miners ETF is One Plus One Wealth Management LLCs 4th Largest Position | 11/06/2024 |
| In Threey Sharp Ratio | 0.10 |
Sprott |
Sprott Junior Relative Risk vs. Return Landscape
If you would invest 3,605 in Sprott Junior Gold on August 24, 2024 and sell it today you would earn a total of 187.00 from holding Sprott Junior Gold or generate 5.19% return on investment over 90 days. Sprott Junior Gold is currently generating 0.101% in daily expected returns and assumes 2.0598% risk (volatility on return distribution) over the 90 days horizon. In different words, 18% of etfs are less volatile than Sprott, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Sprott Junior Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Junior's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Sprott Junior Gold, and traders can use it to determine the average amount a Sprott Junior'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 = 0.0491
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| Cash | Small Risk | SGDJ | High Risk | Huge Risk |
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Estimated Market Risk
| 2.06 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Sprott Junior is performing at about 3% 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 Junior by adding it to a well-diversified portfolio.
Sprott Junior Fundamentals Growth
Sprott Etf prices reflect investors' perceptions of the future prospects and financial health of Sprott Junior, and Sprott Junior fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Sprott Etf performance.
| Price To Earning | 22.71 X | |||
| Price To Book | 0.99 X | |||
| Price To Sales | 1.84 X | |||
| Total Asset | 83.08 M | |||
About Sprott Junior Performance
By evaluating Sprott Junior's fundamental ratios, stakeholders can gain valuable insights into Sprott Junior's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Sprott Junior has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Sprott Junior has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund will invest at least 90 percent of its net assets in securities that comprise the underlying index. Alps ETF is traded on NYSEARCA Exchange in the United States.| Latest headline from thelincolnianonline.com: Sprott Junior Gold Miners ETF is One Plus One Wealth Management LLCs 4th Largest Position | |
| The fund created three year return of -3.0% | |
| Sprott Junior Gold maintains 100.08% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Junior Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Sprott Junior Gold 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 Junior's value that differs from its market value or its book value, called intrinsic value, which is Sprott Junior'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 Junior's market value can be influenced by many factors that don't directly affect Sprott Junior'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 Junior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Junior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Junior'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.