Sprott Physical Gold Etf Probability Of Bankruptcy
| PHYS Etf | USD 18.44 0.04 0.22% |
Sprott |
Sprott Physical Gold ETF probability of financial unrest Analysis
Sprott Physical's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Sprott Physical Probability Of Bankruptcy | Less than 26% |
Most of Sprott Physical's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sprott Physical Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Sprott Physical probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Sprott Physical odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Sprott Physical Gold financial health.
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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Sprott Physical Gold has a Probability Of Bankruptcy of 26.0%. This is much higher than that of the UBS family and significantly higher than that of the Sector category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
Sprott Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Physical's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sprott Physical could also be used in its relative valuation, which is a method of valuing Sprott Physical by comparing valuation metrics of similar companies.Sprott Physical is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
Sprott Fundamentals
| Return On Asset | -0.11 | |||
| Current Valuation | 1.37 B | |||
| Shares Outstanding | 340.59 M | |||
| Shares Owned By Institutions | 26.07 % | |||
| Number Of Shares Shorted | 131.19 K | |||
| Price To Earning | (8.39) X | |||
| Price To Book | 1.11 X | |||
| Price To Sales | (8.76) X | |||
| Revenue | (148.39 M) | |||
| Gross Profit | (148.39 M) | |||
| EBITDA | (155.26 M) | |||
| Net Income | (155.26 M) | |||
| Cash And Equivalents | 598.32 K | |||
| Cash Per Share | (0.05) X | |||
| Current Ratio | 3,559 X | |||
| Cash Flow From Operations | (6.79 M) | |||
| Short Ratio | 0.06 X | |||
| Earnings Per Share | (1.04) X | |||
| Number Of Employees | 11 | |||
| Beta | -0.06 | |||
| Market Capitalization | 4.64 B | |||
| Total Asset | 1.24 B | |||
| Retained Earnings | (545.86 M) | |||
| Working Capital | 1.24 B | |||
| Current Asset | 1.24 B | |||
| Current Liabilities | 347.45 K | |||
| One Year Return | 1.50 % | |||
| Three Year Return | 8.80 % | |||
| Five Year Return | 7.10 % | |||
| Ten Year Return | 0.60 % |
About Sprott Physical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Physical Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Physical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Physical Gold based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sprott Physical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sprott Physical's short interest history, or implied volatility extrapolated from Sprott Physical options trading.
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Check out Sprott Physical Piotroski F Score and Sprott Physical Altman Z Score analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.