James Fox - Sprott Physical President of Sprott Asset Management LP
| PHYS Stock | CAD 28.92 0.06 0.21% |
President
Mr. James R. Fox is President of Sprott Asset Management LP, the Manager of Sprott Physical Gold Trust since November 2009. Prior to that Mr. Fox served as Senior VicePresident of Sales Marketing at the Manager where he initiated the development of new products, formed a wholesale group to increase fund distribution and led marketing efforts to increase the company brand awareness in Canada and abroad. Mr. Fox was a key contributor to the Manager sales effort and strategic business initiatives, which have resulted in assets under management growing from 50 million to 4.3 billion his tenure since 2009.
| Tenure | 15 years |
| Address | 200 Bay Street, Toronto, ON, Canada, M5J 2J1 |
| Phone | 416 943 8099 |
| Web | https://sprott.com/investment-strategies/physical- |
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Sprott Physical Gold Leadership Team
Elected by the shareholders, the Sprott Physical's board of directors comprises two types of representatives: Sprott Physical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sprott. The board's role is to monitor Sprott Physical's management team and ensure that shareholders' interests are well served. Sprott Physical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sprott Physical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Scott CFA, Co LP | ||
| John Wilson, CoChief CEO | ||
| James Fox, President of Sprott Asset Management LP | ||
| Kirstin McTaggart, Chief Compliance Officer of Sprott Asset Management LP |
Sprott Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sprott Physical a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Shares Outstanding | 397.02 M | ||||
| Shares Owned By Institutions | 26.87 % | ||||
| Number Of Shares Shorted | 26.99 K | ||||
| Price To Book | 0.98 X | ||||
| Price To Sales | 3.41 X | ||||
| Revenue | 727.25 M | ||||
| EBITDA | 723.52 M | ||||
| Net Income | 723.52 M | ||||
| Total Debt | 126 K | ||||
| Cash Flow From Operations | (24.57 M) |
Pair Trading with Sprott Physical
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.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 Gold 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 Gold 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.