Sprott Physical Platinum Etf Market Value

SPPP Etf  USD 9.65  0.16  1.69%   
Sprott Physical's market value is the price at which a share of Sprott Physical trades on a public exchange. It measures the collective expectations of Sprott Physical Platinum investors about its performance. Sprott Physical is selling at 9.65 as of the 28th of March 2024; that is 1.69 percent increase since the beginning of the trading day. The etf's last reported lowest price was 9.57.
With this module, you can estimate the performance of a buy and hold strategy of Sprott Physical Platinum and determine expected loss or profit from investing in Sprott Physical over a given investment horizon. Check out Sprott Physical Correlation, Sprott Physical Volatility and Sprott Physical Alpha and Beta module to complement your research on Sprott Physical.
Symbol

The market value of Sprott Physical Platinum 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 Physical's value that differs from its market value or its book value, called intrinsic value, which is Sprott Physical'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 Physical's market value can be influenced by many factors that don't directly affect Sprott Physical'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 Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Physical'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.

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 etf 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Sprott Physical on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Platinum or generate 0.0% return on investment in Sprott Physical over 30 days. Sprott Physical is related to or competes with Verizon Communications, Boeing, Travelers Companies, Intel, General Electric, Cisco Systems, and Alcoa Corp. Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Manage... 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 etf 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 Platinum upside and downside potential and time the market with a certain degree of confidence.

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.
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.
Hype
Prediction
LowEstimatedHigh
7.899.6411.39
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Intrinsic
Valuation
LowRealHigh
7.839.5811.33
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sprott Physical. Your research has to be compared to or analyzed against Sprott Physical's peers to derive any actionable benefits. When done correctly, Sprott Physical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sprott Physical Platinum.

Sprott Physical Platinum Backtested Returns

Sprott Physical Platinum owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0324, which indicates the etf had a -0.0324% return per unit of risk over the last 3 months. Sprott Physical Platinum exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprott Physical's Coefficient Of Variation of (1,264), risk adjusted performance of (0.04), and Variance of 2.89 to confirm the risk estimate we provide. The entity has a beta of 0.14, 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.

Auto-correlation

    
  -0.68  

Very good reverse predictability

Sprott Physical Platinum has very good reverse predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Platinum price movement. The serial correlation of -0.68 indicates that around 68.0% of current Sprott Physical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.66
Residual Average0.0
Price Variance0.03

Sprott Physical Platinum lagged returns against current returns

Autocorrelation, which is Sprott Physical etf'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 etf 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 etf 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical etf 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 etf 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 etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Platinum.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether Sprott Physical Platinum is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Sprott Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sprott Physical Platinum Etf. Highlighted below are key reports to facilitate an investment decision about Sprott Physical Platinum Etf:
Check out Sprott Physical Correlation, Sprott Physical Volatility and Sprott Physical Alpha and Beta module to complement your research on Sprott Physical.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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.
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Sprott Physical technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Sprott Physical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sprott Physical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...