Sprott Retained Earnings vs Long Term Investments Analysis
| CEF-U Stock | USD 24.49 0.63 2.51% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Gold is a good investment. Please check the relationship between Sprott Physical Retained Earnings and its Long Term Investments accounts. Check out Trending Equities 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 employment.
Retained Earnings vs Long Term Investments
Retained Earnings vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Gold Retained Earnings account and Long Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between Sprott Physical's Retained Earnings and Long Term Investments is 0.99. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Sprott Physical Gold, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Retained Earnings and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sprott Physical Gold are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Retained Earnings i.e., Sprott Physical's Retained Earnings and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Long Term Investments
Long Term Investments is an item on the asset side of Sprott Physical balance sheet that represents investments Sprott Physical Gold intends to hold for over a year. Sprott Physical Gold long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities 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 employment. Selling General Administrative is likely to gain to about 3.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Sprott Physical fundamental ratios Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Total Stockholder Equity | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Retained Earnings | 226.6M | 1.2B | 914.2M | 896.0M | 1.2B | 777.2M | |
| Accounts Payable | 1.2M | 125K | 62K | 783K | 1.8M | 996.7K | |
| Cash | 1.3M | 1.4M | 679K | 3.4M | 6.9M | 7.2M | |
| Common Stock Shares Outstanding | 194.8M | 221.7M | 220.7M | 214.9M | 211.1M | 234.4M | |
| Total Liab | 1.2M | 125K | 62K | 1.2M | 1.8M | 1.1M | |
| Long Term Investments | 3.0B | 4.4B | 4.1B | 4.0B | 4.2B | 4.1B | |
| Capital Stock | 2.7B | 3.2B | 3.2B | 3.1B | 3.1B | 3.4B |
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.Additional Tools for Sprott Stock Analysis
When running Sprott Physical's price analysis, check to measure Sprott Physical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sprott Physical is operating at the current time. Most of Sprott Physical's value examination focuses on studying past and present price action to predict the probability of Sprott Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sprott Physical's price. Additionally, you may evaluate how the addition of Sprott Physical to your portfolios can decrease your overall portfolio volatility.