Sprott Junior Gold Etf Technical Analysis
| SGDJ Etf | USD 37.60 0.46 1.24% |
As of the 1st of February, Sprott Junior has the Coefficient Of Variation of (5,512), risk adjusted performance of (0.01), and Variance of 4.65. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sprott Junior Gold, as well as the relationship between them.
Sprott Junior Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sprott, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SprottSprott |
Sprott Junior technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Sprott Junior Gold Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sprott Junior Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sprott Junior Gold Trend Analysis
Use this graph to draw trend lines for Sprott Junior Gold. You can use it to identify possible trend reversals for Sprott Junior as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sprott Junior price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sprott Junior Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sprott Junior Gold applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Sprott Junior Gold will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.71, which is the sum of squared deviations for the predicted Sprott Junior price change compared to its average price change.About Sprott Junior Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sprott Junior Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sprott Junior Gold based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Sprott Junior Gold price pattern first instead of the macroeconomic environment surrounding Sprott Junior Gold. By analyzing Sprott Junior's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sprott Junior's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sprott Junior specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sprott Junior February 1, 2025 Technical Indicators
Most technical analysis of Sprott help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sprott from various momentum indicators to cycle indicators. When you analyze Sprott charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 1.61 | |||
| Coefficient Of Variation | (5,512) | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.65 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.75 | |||
| Skewness | 0.1998 | |||
| Kurtosis | 0.55 |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.