Sprott Physical Gold Etf Number Of Shares Shorted
| PHYS Etf | USD 18.75 0.29 1.57% |
Sprott Physical Gold fundamentals help investors to digest information that contributes to Sprott Physical's financial success or failures. It also enables traders to predict the movement of Sprott Etf. The fundamental analysis module provides a way to measure Sprott Physical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sprott Physical etf.
Sprott |
Sprott Physical Gold ETF Number Of Shares Shorted Analysis
Sprott Physical's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Sprott Physical Number Of Shares Shorted | 131.19 K |
Most of Sprott Physical's fundamental indicators, such as Number Of Shares Shorted, 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.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Sprott Physical Gold has 131.19 K of outstending shares currently sold short by investors. This is much higher than that of the UBS family and significantly higher than that of the Sector category. The number of shares shorted for all United States etfs is notably lower than that of the firm.
Sprott Number Of Shares Shorted 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 Number Of Shares Shorted 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 number of shares shorted 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.
Pair Trading with Sprott Physical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott Physical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Etf
| 0.99 | SHNY | Microsectors Gold | PairCorr |
Moving against Sprott Etf
| 0.76 | YCL | ProShares Ultra Yen | PairCorr |
| 0.72 | FXY | Invesco CurrencyShares | PairCorr |
| 0.52 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
| 0.41 | ULE | ProShares Ultra Euro | PairCorr |
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott Physical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Physical Gold to buy it.
The correlation of Sprott Physical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott Physical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Sprott Physical Piotroski F Score and Sprott Physical Altman Z Score analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.