Sprott Price To Sales Ratio vs Ev To Sales Analysis
| SPPP Stock | CAD 13.40 0.10 0.74% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Platinum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Platinum is a good investment. Please check the relationship between Sprott Physical Price To Sales Ratio and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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.
Price To Sales Ratio vs Ev To Sales
Price To Sales Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Platinum Price To Sales Ratio account and Ev To Sales. At this time, the significance of the direction appears to have totally related.
The correlation between Sprott Physical's Price To Sales Ratio and Ev To Sales is 1.0. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Sprott Physical Platinum, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Price To Sales Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Sprott Physical Platinum are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Price To Sales Ratio i.e., Sprott Physical's Price To Sales Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sprott Physical Platinum stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sprott Physical sales, a figure that is much harder to manipulate than other Sprott Physical Platinum multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.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 Platinum 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Physical Platinum. 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. At this time, Sprott Physical's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Issuance Of Capital Stock is likely to grow to about 19.8 M, though Sales General And Administrative To Revenue is likely to grow to (0.01).
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 | 118.1M | 127.1M | 132.5M | 138.3M | 116.5M | 110.3M | |
| Total Stockholder Equity | 117.7M | 126.8M | 131.8M | 138.3M | 116.3M | 110.1M | |
| Net Debt | (269.3K) | (1.2M) | (892K) | (375K) | (594K) | (623.7K) | |
| Retained Earnings | 53.5M | 67.3M | 35.7M | 26.6M | (9.5M) | (9.0M) | |
| Cash | 269.3K | 1.2M | 892K | 375K | 594K | 518.8K | |
| Non Current Assets Total | 117.6M | 125.8M | 131.5M | 138.0M | 115.9M | 109.9M | |
| Cash And Short Term Investments | 269.3K | 1.2M | 892K | 375K | 594K | 564.3K | |
| Common Stock Total Equity | 131.7M | 98.5M | 79.4M | 74.9M | 67.4M | 120.1M | |
| Common Stock Shares Outstanding | 11.2M | 8.6M | 7.0M | 8.3M | 10.3M | 11.3M | |
| Liabilities And Stockholders Equity | 118.1M | 127.1M | 132.5M | 138.3M | 116.5M | 110.3M | |
| Other Stockholder Equity | (15.2M) | (15.4M) | (15.7M) | (16.1M) | (16.2M) | (17.1M) | |
| Total Current Assets | 269.3K | 1.2M | 892K | 375K | 594K | 564.3K | |
| Common Stock | 79.4M | 74.9M | 111.9M | 127.8M | 142.0M | 115.1M | |
| Other Current Liab | 177.0 | (240K) | (267K) | (59K) | (212K) | (201.4K) | |
| Total Current Liabilities | 346.2K | 240K | 267K | 59K | 212K | 181.8K | |
| Accounts Payable | 346K | 240K | 267K | 59K | 212K | 178.9K | |
| Total Liab | 346.2K | 240K | 267K | 59K | 212K | 181.8K | |
| Non Currrent Assets Other | (117.6M) | (125.8M) | (131.5M) | (138.0M) | (115.9M) | (121.7M) | |
| Short Term Investments | 101.5M | 117.6M | 125.8M | 131.5M | 151.3M | 129.3M | |
| Other Current Assets | 144.8K | 139.2K | 139K | 66K | 59.4K | 90.6K | |
| Long Term Investments | 117.6M | 125.8M | 131.5M | 138.0M | 115.9M | 131.9M | |
| Capital Stock | 79.4M | 74.9M | 111.9M | 127.8M | 142.0M | 116.3M |
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.Moving against Sprott Stock
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 Platinum 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 Platinum 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.Other Information on Investing in Sprott Stock
Balance Sheet is a snapshot of the financial position of Sprott Physical Platinum at a specified time, usually calculated after every quarter, six months, or one year. Sprott Physical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sprott Physical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sprott currently owns. An asset can also be divided into two categories, current and non-current.