Sprott Physical Total Asset vs. Market Capitalization
| SPPP Stock | CAD 13.37 0.01 0.07% |
For Sprott Physical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sprott Physical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sprott Physical Platinum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sprott Physical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sprott Physical Platinum over time as well as its relative position and ranking within its peers.
Sprott |
Sprott Physical Platinum Market Capitalization vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sprott Physical's current stock value. Our valuation model uses many indicators to compare Sprott Physical value to that of its competitors to determine the firm's financial worth. Sprott Physical Platinum is currently regarded as top stock in total asset category among its peers. It also is currently regarded as top stock in market capitalization category among its peers creating about 1.72 of Market Capitalization per Total Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sprott Physical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sprott Physical's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Sprott Market Capitalization vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Sprott Physical |
| = | 116.5 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Sprott Physical |
| = | 200.85 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Sprott Market Capitalization vs Competition
Sprott Physical Platinum is currently regarded as top stock in market capitalization category among its peers. Market capitalization of Financials industry is at this time estimated at about 35.8 Billion. Sprott Physical maintains roughly 200.85 Million in market capitalization contributing less than 1% to equities under Financials industry.
Sprott Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sprott Physical. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sprott Physical position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sprott Physical's important profitability drivers and their relationship over time.
Use Sprott Physical in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott Physical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Sprott Physical Pair Trading
Sprott Physical Platinum Pair Trading Analysis
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott Physical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Physical Platinum to buy it.
The correlation of Sprott Physical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Platinum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott Physical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Sprott Physical position
In addition to having Sprott Physical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Tech Growth Thematic Idea Now
Tech Growth
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 66 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Growth Theme or any other thematic opportunities.
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Other Information on Investing in Sprott Stock
To fully project Sprott Physical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sprott Physical Platinum at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Sprott Physical's income statement, its balance sheet, and the statement of cash flows.