Sprott Gold Miners ETF Technical Analysis
| SGDM ETF | USD 75.38 4.85 6.88% |
As of the 7th of May, the last recorded price for Sprott Gold is 75.38 per share. Primary technical drivers reflect Semi Deviation of 3.69, coefficient of variation of 4650.69, and Risk Adjusted Performance of 0.0279. Quantitative analysis incorporates volatility metrics and price behavior to assess directional bias. Metrics are compared to industry averages to assess relative positioning.
Sprott Gold 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 Gold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sprott GoldSprott Gold |
Sprott Gold Miners can be assessed through both market price and NAV, which can tell different stories during volatile periods.
Sprott Gold's quoted price and NAV often reflect different short-term dynamics. Sprott Gold's market quotation reflects the latest level where a willing buyer met a willing seller.
What-If Analysis
Backtesting a what-if scenario on Sprott Gold Miners shows how the etf may have behaved if the position had been entered, held, or resized under different historical assumptions. This becomes more informative when investors use the backtest to challenge timing assumptions rather than to search for a perfect historical entry point.
| 02/06/2026 |
| 05/07/2026 |
If you invested 0.00 in Sprott Gold on February 6, 2026 and closed the position today, you would realize 0.00 in aggregate gains. The net result is a 0.0% cumulative return in Sprott Gold on balance over the 90 day window. Sprott Gold has comparable peers such as VanEck Pharmaceutical, VictoryShares 500, First Trust, SPDR SAMPP, VanEck Vietnam, Franklin FTSE, and ALPS Equal. The underlying index aims to track the performance of gold companies located in the U.S More
Sprott Gold Upside and Downside Indicators Dashboard
Upside and downside indicators for Sprott Gold summarize momentum balance and potential range context for the ETF. Divergence between momentum direction and price direction can precede trend shifts.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0157 | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | -6.24 | |||
| Potential Upside | 5.73 |
Market Risk Indicators for Sprott Gold Overview
Return variability and drawdown behavior for Sprott Gold are summarized through these risk indicators. Risk-adjusted return metrics like Sharpe or Sortino ratio normalize performance against the volatility required to achieve it.| Risk Adjusted Performance | 0.0279 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | 0.0283 | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.0332 |
Mean reversion setups in Sprott Gold emerge when price has deviated materially from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in Sprott Gold. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in Sprott Gold. The mean reversion signal gains reliability when combined with fundamental confirmation for Sprott Gold.
Technical Indicators
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0279 | |||
| Market Risk Adjusted Performance | 0.0432 | |||
| Mean Deviation | 2.64 | |||
| Semi Deviation | 3.69 | |||
| Downside Deviation | 3.84 | |||
| Coefficient Of Variation | 4650.69 | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.66 | |||
| Information Ratio | 0.0157 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | 0.0283 | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.0332 | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | -6.24 | |||
| Potential Upside | 5.73 | |||
| Downside Variance | 14.78 | |||
| Semi Variance | 13.65 | |||
| Expected Short fall | -2.45 | |||
| Skewness | -0.27 | |||
| Kurtosis | -0.04 |
Sprott Gold Miners Backtested Returns
Over the selected 3 months, Sprott Gold demonstrates a very low volatility profile. It maintains a Sharpe Ratio (Efficiency) of close to zero, representing negative adjusted performance consistency. We identified thirty technical indicators influencing the company's volatility profile. Please analyze metrics such as Semi Deviation of 3.69, coefficient of variation of 4650.69, and risk-adjusted performance of 0.0279 to assess dispersion and downside exposure. The ETF secures a market beta of 1.91, which conveys elevated sensitivity to broad market movements. With a beta above 1, Sprott Gold typically delivers outsized gains in rising markets at the cost of steeper drawdowns.
Auto-correlation | 0.70 |
Good predictability
The autocorrelation profile for Sprott Gold Miners registers good predictability between the two measured intervals. When lagged price patterns show consistency, they can serve as a partial input for modeling Sprott Gold Miners's near-term price behavior. A serial correlation of 0.7 indicates that around 70.0% of current Sprott Gold price fluctuations can be explained by its historical price movements.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 23.07 |
Price and volume behavior for Sprott Gold form the basis of this analysis. Indicators include moving averages, RSI, and price correlation measures.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. 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 Gold Miners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of Sprott Gold evaluates traded price structure, volume, and spread stability relative to NAV behavior. Volume and liquidity conditions influence signal reliability. Reduced trading volume may increase short-term pricing variability.
Sprott Gold Miners values are built from fund disclosures and market reference feeds, with reporting definitions aligned before display.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Technical Indicators
Investors following Sprott Gold Miners often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. A disciplined technical workflow separates stronger setups from noisier price action.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0279 | |||
| Market Risk Adjusted Performance | 0.0432 | |||
| Mean Deviation | 2.64 | |||
| Semi Deviation | 3.69 | |||
| Downside Deviation | 3.84 | |||
| Coefficient Of Variation | 4650.69 | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.66 | |||
| Information Ratio | 0.0157 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | 0.0283 | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.0332 | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | -6.24 | |||
| Potential Upside | 5.73 | |||
| Downside Variance | 14.78 | |||
| Semi Variance | 13.65 | |||
| Expected Short fall | -2.45 | |||
| Skewness | -0.27 | |||
| Kurtosis | -0.04 |
May 7, 2026 Daily Trend Indicators
Investors following Sprott Gold Miners often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. A disciplined technical workflow separates stronger setups from noisier price action.
| Accumulation Distribution | 1,399 | ||
| Daily Balance Of Power | 1.84 | ||
| Rate Of Daily Change | 1.07 | ||
| Day Median Price | 74.65 | ||
| Day Typical Price | 74.89 | ||
| Price Action Indicator | 3.16 |