Sprott Physical Uranium Stock Market Value
| SRUUF Stock | USD 18.50 0.48 2.66% |
| Symbol | Sprott |
Sprott Physical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sprott Physical's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sprott Physical.
| 11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Sprott Physical on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Uranium or generate 0.0% return on investment in Sprott Physical over 30 days. Sprott Physical is related to or competes with Denison Mines, Energy Fuels, EnCore Energy, Ur Energy, Cameco Corp, Uranium Energy, and Centrus Energy. Sprott Physical Uranium Trust Fund is headquartered in Toronto, Ontario, Canada More
Sprott Physical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sprott Physical's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sprott Physical Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.86 |
Sprott Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Physical's standard deviation. In reality, there are many statistical measures that can use Sprott Physical historical prices to predict the future Sprott Physical's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.0523 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.333 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Physical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sprott Physical Uranium Backtested Returns
At this point, Sprott Physical is not too volatile. Sprott Physical Uranium owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0637, which indicates the firm had a 0.0637% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sprott Physical Uranium, which you can use to evaluate the volatility of the company. Please validate Sprott Physical's Coefficient Of Variation of 2427.24, semi deviation of 2.01, and Risk Adjusted Performance of 0.0373 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Sprott Physical has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sprott Physical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Physical is expected to be smaller as well. Sprott Physical Uranium right now has a risk of 2.27%. Please validate Sprott Physical potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Sprott Physical will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Sprott Physical Uranium has poor predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprott Physical Uranium price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Sprott Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Sprott Physical Uranium lagged returns against current returns
Autocorrelation, which is Sprott Physical otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sprott Physical's otc stock expected returns. We can calculate the autocorrelation of Sprott Physical returns to help us make a trade decision. For example, suppose you find that Sprott Physical has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sprott Physical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sprott Physical otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sprott Physical Lagged Returns
When evaluating Sprott Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Physical otc stock have on its future price. Sprott Physical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sprott Physical autocorrelation shows the relationship between Sprott Physical otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Uranium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sprott OTC Stock
Sprott Physical financial ratios help investors to determine whether Sprott OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sprott with respect to the benefits of owning Sprott Physical security.