Sprott Uranium Miners Etf Profile
| URNM Etf | USD 49.82 0.13 0.26% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Sprott Uranium is selling at 49.82 as of the 19th of April 2024; that is -0.26 percent decrease since the beginning of the trading day. The etf's lowest day price was 49.42. Sprott Uranium has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Sprott Uranium Miners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund will normally invest at least 80 percent of its total assets in securities of the index. Sprott Uranium is traded on NYSEARCA Exchange in the United States. More on Sprott Uranium Miners
Moving against Sprott Etf
| 0.72 | DSJA | DSJA | PairCorr |
| 0.65 | PHO | Invesco Water Resources | PairCorr |
| 0.62 | MPAY | Akros Monthly Payout | PairCorr |
| 0.61 | FIW | First Trust Water | PairCorr |
| 0.6 | CGW | Invesco SP Global | PairCorr |
| 0.6 | ITDD | Ishares Lifepath Target | PairCorr |
| 0.56 | XLB | Materials Select Sector | PairCorr |
Sprott Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Sprott Uranium's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sprott Uranium or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Energy ETFs, Sector ETFs, Natural Resources, Sprott (View all Sectors) |
| Issuer | Sprott |
| Inception Date | 2019-12-03 |
| Benchmark | North Shore Global Uranium Mining Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.64 Billion |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | Sprott Asset Management LP |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Ryan Mischker, Andrew Hicks |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 41.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.85 |
| Management Fee | 0.85 |
| Country Name | USA |
| Returns Y T D | 3.48 |
| Name | Sprott Uranium Miners ETF |
| Currency Code | USD |
| Open Figi | BBG016ZGFKV6 |
| In Threey Volatility | 38.34 |
| 1y Volatility | 31.7 |
| 200 Day M A | 45.6504 |
| 50 Day M A | 50.4142 |
| Code | URNM |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.7 |
Sprott Uranium Miners [URNM] is traded in USA and was established 2019-12-03. The fund is listed under Natural Resources category and is part of Sprott family. The entity is thematically classified as Energy ETFs. Sprott Uranium Miners at this time have 861.27 M in net assets. , while the total return for the last 3 years was 24.5%.
Check Sprott Uranium Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Sprott Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Sprott Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Sprott Uranium Miners Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Sprott Uranium Miners Currency Exposure
Sprott Uranium Miners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Sprott Uranium will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Sprott Uranium Miners.
Top Sprott Uranium Miners Etf Constituents
| 7WT | Western Uranium Vanadium | Stock | Industrial Metals & Minerals |
| EFR | Energy Fuels | Stock | Energy |
| MGA | Mega Uranium | Stock | Energy |
| UEC | Uranium Energy Corp | Stock | Energy |
| URE | Ur Energy | Stock | Energy |
| DML | Denison Mines Corp | Stock | Energy |
| AGE | Alligator Energy | Stock | Energy |
Sprott Uranium Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Sprott Uranium jumping above the current price in 90 days from now is about 71.68%. The Sprott Uranium Miners probability density function shows the probability of Sprott Uranium etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.277. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sprott Uranium will likely underperform. Additionally, sprott Uranium Miners has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Sprott Uranium to move above the current price in 90 days from now is about 71.68 (This Sprott Uranium Miners probability density function shows the probability of Sprott Etf to fall within a particular range of prices over 90 days) .
Sprott Uranium Miners Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sprott Uranium market risk premium is the additional return an investor will receive from holding Sprott Uranium long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sprott Uranium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Sprott Uranium's alpha and beta are two of the key measurements used to evaluate Sprott Uranium's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.13) |
Sprott Uranium Against Markets
Picking the right benchmark for Sprott Uranium etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sprott Uranium etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sprott Uranium is critical whether you are bullish or bearish towards Sprott Uranium Miners at a given time. Please also check how Sprott Uranium's historical prices are related to one of the top price index indicators.
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How to buy Sprott Etf?
Before investing in Sprott Uranium, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Sprott Uranium. To buy Sprott Uranium etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sprott Uranium. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Sprott Uranium etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sprott Uranium Miners etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Sprott Uranium Miners etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Sprott Uranium Miners, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Sprott Etf please use our How to Invest in Sprott Uranium guide.
Already Invested in Sprott Uranium Miners?
The danger of trading Sprott Uranium Miners is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sprott Uranium is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sprott Uranium. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sprott Uranium Miners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Sprott Uranium Miners is a strong investment it is important to analyze Sprott Uranium's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sprott Uranium's future performance. For an informed investment choice regarding Sprott Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Uranium Miners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Uranium 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 Uranium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Uranium'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 Uranium's market value can be influenced by many factors that don't directly affect Sprott Uranium'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 Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Uranium'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.