Sprott Nickel Miners (Global) (NIKL) Daily/Weekly Backtest Results

Signal:                  
                [ What are these? | Switch to NIKL's monthly backtests ]
Fixed profit target:               -or-  
Show signal scores:           Threshold:         [ What are these scores? ]
Expectancy: -10.06%.   Win rate: 50.0%.   Sharpe Ratio: -1.197.   Maximum drawdown: -62.35% on 09 April 2025.
Mean CAGR: 57.93%. Time in market: 2379 days.   Hypothetical return: $1000 would be worth $523.08 on 04 December 2025.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Global Nickel Miners

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 6 signal(s) occurring before 22 May 2024 for a 7.5% profit target: (50.0% * 8.03%) + (0% * 0%) - (50.0% * 28.16%) = -10.06%.
Wins: 3 Breakevens: 0 Losses: 3

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

 

50 day low Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each 50 day low entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date and Score Buy Signal Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
19 May 2026  bubble_chart   LOW   smart_toy0.769  factory0.441   50 Day Low $ 14.86 schedule schedule schedule schedule schedule
17 March 2026  bubble_chart   MEDIUM   smart_toy0.735  factory0.602   50 Day Low $ 16.27 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt schedule
21 November 2025  bubble_chart   MEDIUM   smart_toy0.503  factory0.424   50 Day Low $ 13.23 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt
01 April 2025   MEDIUM   smart_toy0.877  factory0.807   FIRE SALE 50 Day Low $ 8.93 select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
26 February 2025   MEDIUM   smart_toy0.769  factory0.562   50 Day Low $ 9.78 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt
08 January 2025   MEDIUM   smart_toy0.958  factory0.612   50 Day Low $ 10.48 select_check_box select_check_box select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt
21 November 2024   MEDIUM   smart_toy0.687  factory0.341   50 Day Low $ 11.88 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt
19 July 2024   MEDIUM   smart_toy0.274  factory0.246   50 Day Low $ 12.70 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box select_check_box
17 June 2024   MEDIUM   smart_toy0.612  factory0.268   50 Day Low $ 13.11 select_check_box select_check_box select_check_box select_check_box select_check_box
13 February 2024   LOW   smart_toy0.87  factory0.45   50 Day Low $ 12.37 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
09 January 2024   LOW   smart_toy0.781  factory0.531   50 Day Low $ 13.52 select_check_box select_check_box select_check_box select_check_box electric_bolt select_check_box
04 December 2023   LOW   smart_toy0.955  factory0.694   50 Day Low $ 16.78 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
23 October 2023   LOW   smart_toy0.829  factory0.477   50 Day Low $ 16.90 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt disabled_by_default disabled_by_default
19 September 2023   LOW   smart_toy0.434  factory0.245   50 Day Low $ 19.70 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
15 August 2023   LOW   smart_toy0.674  factory0.377   50 Day Low $ 20.19 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default

 

The data for Sprott Nickel Miners (Global) (exchange: XNAS symbol: NIKL) was last updated 30 May 2026 15:00. Data for this ETF is available from 22 Mar 2023 - 29 May 2026.