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

Buy indicator:            
              [ What are these indicators? | Switch to NIKL's monthly backtests ]
Profit target:           [ A higher % profit will take longer and is less likely to be achieved ]
Expectancy: 9.19%.   Win rate: 100%.   Sharpe Ratio: ∞.   Maximum drawdown: 12.97% on 21 February 2024.
Mean CAGR: 23.01%. Time in market: 155 days.   Hypothetical return: $1000 would be worth $1091.93 on 17 May 2024.
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 1 signal(s) occurring before 24 January 2024 for a 5% profit target: (100% * 9.19%) + (0% * 0%) - (0% * 0%) = 9.19%.
Wins: 1 Breakevens: 0 Losses: 0

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.

 

Large Gap Down Backtest Summary

This table summarises how profitable it would have been to have bought this stock at each gap down 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 Price Performance (mouseover for details)
5% 7.5% 10% 20%
30 January 2026 $18.34 schedule schedule schedule schedule
05 August 2024 $11.46 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
14 December 2023 $14.08 select_check_box select_check_box select_check_box electric_bolt select_check_box

 

The data for Sprott Nickel Miners (Global) (exchange: XNAS symbol: NIKL) was last updated 31 Jan 2026 13:00. Data for this ETF is available from 22 Mar 2023 - 30 Jan 2026.