Sprott Physical Gold and Silver Trust (Sprott Physical Gold and Silver Trust) Momentum Rank : 2 (As of Apr. 27, 2024)

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What is Sprott Physical Gold and Silver Trust Momentum Rank?

Sprott Physical Gold and Silver Trust has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Sprott Physical Gold and Silver Trust's Momentum Rank

For the Asset Management subindustry, Sprott Physical Gold and Silver Trust's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sprott Physical Gold and Silver Trust's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott Physical Gold and Silver Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sprott Physical Gold and Silver Trust's Momentum Rank falls into.

Sprott Physical Gold and Silver Trust Momentum Rank Related Terms

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Sprott Physical Gold and Silver Trust (Sprott Physical Gold and Silver Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Physical Gold and Silver Trust (ARCA:CEF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CEF.U:Canada

Address

200 Bay Street, Suite 2600, P.O. Box 26, Royal Bank Plaza, South Tower, Calgary, AB, CAN, M5J 2J1

Website

https://www.sprott.com

Sprott Physical Gold and Silver Trust is a closed-end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment.