Sprott Physical Gold Etf Technical Analysis
| PHYS Etf | USD 18.01 0.05 0.28% |
As of the 24th of April, Sprott Physical has the Semi Deviation of 0.6003, risk adjusted performance of 0.1617, and Coefficient Of Variation of 392.48. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sprott Physical Gold, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Sprott Physical Gold, which can be compared to its competition. Please validate Sprott Physical Gold information ratio and downside variance to decide if Sprott Physical is priced more or less accurately, providing market reflects its prevalent price of 18.01 per share.
Sprott Physical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sprott, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SprottSprott |
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.
Sprott Physical Gold Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sprott Physical Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sprott Physical Gold Trend Analysis
Use this graph to draw trend lines for Sprott Physical Gold. You can use it to identify possible trend reversals for Sprott Physical as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sprott Physical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sprott Physical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sprott Physical Gold applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Sprott Physical Gold will continue generating value for investors. It has 122 observation points and a regression sum of squares at 114.65, which is the sum of squared deviations for the predicted Sprott Physical price change compared to its average price change.About Sprott Physical Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sprott Physical Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sprott Physical Gold based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Sprott Physical Gold price pattern first instead of the macroeconomic environment surrounding Sprott Physical Gold. By analyzing Sprott Physical's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sprott Physical's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sprott Physical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sprott Physical April 24, 2024 Technical Indicators
Most technical analysis of Sprott help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sprott from various momentum indicators to cycle indicators. When you analyze Sprott charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1617 | |||
| Market Risk Adjusted Performance | 3.0 | |||
| Mean Deviation | 0.6566 | |||
| Semi Deviation | 0.6003 | |||
| Downside Deviation | 0.9056 | |||
| Coefficient Of Variation | 392.48 | |||
| Standard Deviation | 0.8619 | |||
| Variance | 0.7429 | |||
| Information Ratio | 0.1442 | |||
| Jensen Alpha | 0.2036 | |||
| Total Risk Alpha | 0.0917 | |||
| Sortino Ratio | 0.1372 | |||
| Treynor Ratio | 2.99 | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.67 | |||
| Downside Variance | 0.8202 | |||
| Semi Variance | 0.3603 | |||
| Expected Short fall | (0.79) | |||
| Skewness | (0.36) | |||
| Kurtosis | 0.7176 |
Sprott Physical Gold One Year Return
Based on the recorded statements, Sprott Physical Gold has an One Year Return of 1.5%. This is 90.17% lower than that of the UBS family and 95.46% lower than that of the Sector category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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 etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Sprott Physical Gold 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.