Sprott Gold Miners Etf Buy Hold or Sell Recommendation
| SGDM Etf | USD 26.53 0.12 0.45% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Sprott Gold Miners is 'Strong Hold'. Macroaxis provides Sprott Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SGDM positions. The advice algorithm takes into account all of Sprott Gold's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Sprott Gold's buy or sell advice are summarized below:
Real Value 25.87 | Hype Value 26.52 | Market Value 26.53 | Naive Value 26.66 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Sprott Gold Miners given historical horizon and risk tolerance towards Sprott Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for Sprott Gold Miners, the advice is generated through an automated system that utilizes algorithms and statistical models.
Sprott |
Execute Sprott Gold Buy or Sell Advice
The Sprott recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Sprott Gold Miners. Macroaxis does not own or have any residual interests in Sprott Gold Miners or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Sprott Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
Sprott Gold Trading Alerts and Improvement Suggestions
| Latest headline from news.google.com: ETFs To Gain Exposure To Gold etf.com - etf.com | |
| The fund created three year return of -3.0% | |
| Sprott Gold Miners maintains 99.83% of its assets in stocks |
Sprott Gold Returns Distribution Density
The distribution of Sprott Gold's historical returns is an attempt to chart the uncertainty of Sprott Gold's future price movements. The chart of the probability distribution of Sprott Gold daily returns describes the distribution of returns around its average expected value. We use Sprott Gold Miners price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Sprott Gold returns is essential to provide solid investment advice for Sprott Gold.
| Mean Return | 0.16 | Value At Risk | -2.47 | Potential Upside | 3.34 | Standard Deviation | 1.92 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Sprott Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Sprott Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Sprott Gold or Sprott sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Sprott Gold's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Sprott etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.07 | |
β | Beta against NYSE Composite | 1.70 | |
σ | Overall volatility | 1.88 | |
Ir | Information ratio | 0.05 |
Sprott Gold Volatility Alert
Sprott Gold Miners has relatively low volatility with skewness of -0.4 and kurtosis of 1.7. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Sprott Gold's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Sprott Gold's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Sprott Gold Fundamentals Vs Peers
Comparing Sprott Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Sprott Gold's direct or indirect competition across all of the common fundamentals between Sprott Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Sprott Gold or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Sprott Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Sprott Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Sprott Gold to competition |
| Fundamentals | Sprott Gold | Peer Average |
| Price To Earning | 19.99 X | 3.15 X |
| Price To Book | 1.33 X | 0.39 X |
| Price To Sales | 2.61 X | 0.33 X |
| Beta | 0.87 | |
| One Year Return | (13.10) % | (0.97) % |
| Three Year Return | (3.10) % | 3.23 % |
| Five Year Return | 8.30 % | 1.12 % |
| Net Asset | 188.81 M | 2.29 B |
| Last Dividend Paid | 0.063 | 0.14 |
| Equity Positions Weight | 99.83 % | 52.82 % |
Sprott Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Sprott . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Sprott Gold Buy or Sell Advice
When is the right time to buy or sell Sprott Gold Miners? Buying financial instruments such as Sprott Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Sprott Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 100 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold and Gold Mining Theme or any other thematic opportunities.
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Check out Sprott Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Sprott Gold Miners information on this page should be used as a complementary analysis to other Sprott Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Sprott Gold Miners 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is Sprott Gold'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 Gold's market value can be influenced by many factors that don't directly affect Sprott Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Gold'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.