Sprott Uranium Miners Etf Profile
| URNM Etf | USD 48.00 0.53 1.12% |
Performance11 of 100
| Odds Of DistressLess than 9
|
Sprott Uranium is selling at 48.00 as of the 30th of November 2024; that is 1.12 percent increase since the beginning of the trading day. The etf's lowest day price was 47.48. Sprott Uranium has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Sprott Uranium Miners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund will normally invest at least 80 percent of its total assets in securities of the index. Sprott Uranium is traded on NYSEARCA Exchange in the United States. More on Sprott Uranium Miners
Moving together with Sprott Etf
Sprott Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Energy ETFs, Natural Resources, Sprott (View all Sectors) |
| Issuer | Sprott |
| Inception Date | 2019-12-03 |
| Benchmark | North Shore Global Uranium Mining Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.68 Billion |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | Sprott Asset Management LP |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Ryan Mischker, Andrew Hicks |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 41.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.75 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (1.66) |
| Name | Sprott Uranium Miners ETF |
| Currency Code | USD |
| Open Figi | BBG016ZGFKV6 |
| In Threey Volatility | 37.12 |
| 1y Volatility | 31.02 |
| 200 Day M A | 48.384 |
| 50 Day M A | 47.6402 |
| Code | URNM |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.22 |
Sprott Uranium Miners [URNM] is traded in USA and was established 2019-12-03. The fund is listed under Natural Resources category and is part of Sprott family. The entity is thematically classified as Sector ETFs. Sprott Uranium Miners at this time have 861.27 M in net assets. , while the total return for the last 3 years was 7.1%.
Check Sprott Uranium Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Sprott Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Sprott Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Sprott Uranium Miners Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Sprott Uranium Miners Currency Exposure
Sprott Uranium Miners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Sprott Uranium will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Sprott Uranium Miners.
Top Sprott Uranium Miners Etf Constituents
| 7WT | Western Uranium Vanadium | Stock | Industrial Metals & Minerals | |
| EFR | Energy Fuels | Stock | Energy | |
| MGA | Mega Uranium | Stock | Energy | |
| UEC | Uranium Energy Corp | Stock | Energy | |
| URE | Ur Energy | Stock | Energy | |
| DML | Denison Mines Corp | Stock | Energy | |
| AGE | Alligator Energy | Stock | Energy | |
| BOE | Boss Energy Limited | Stock | Materials |
Sprott Uranium Miners Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sprott Uranium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.113 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0451 |
Sprott Uranium Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Uranium 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 board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Sprott Uranium 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 Uranium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Uranium'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 Uranium's market value can be influenced by many factors that don't directly affect Sprott Uranium'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 Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Uranium'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.