GraniteShares Platinum Correlations

PLTM Etf

USD 9.21 0.22 2.45%

The current 90-days correlation between GraniteShares Platinum and Barclays Capital is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares Platinum Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GraniteShares Platinum Correlation With Market

Average diversification

The correlation between GraniteShares Platinum Trust and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares Platinum Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in GraniteShares Platinum Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with GraniteShares Etf

0.8	GLD	SPDR Gold Shares	Pair Corr
0.8	IAU	iShares Gold Trust	Pair Corr
0.89	SLV	iShares Silver Trust	Pair Corr
0.79	GLDM	SPDR Gold MiniShares	Pair Corr
0.79	SGOL	abrdn Physical Gold	Pair Corr
0.87	GLTR	abrdn Physical Precious	Pair Corr
0.89	SIVR	abrdn Physical Silver	Pair Corr
0.79	IAUM	iShares Gold Trust	Pair Corr

Moving against GraniteShares Etf

0.35

AMPD

Tidal Trust II Downward Rally

Pair Corr

Related Correlations Analysis

	PGM	PPLT	PALL	SPPP	BAR
PGM		-0.35	-0.3	-0.41	-0.66	PGM
PPLT	-0.35		0.83	0.92	0.79	PPLT
PALL	-0.3	0.83		0.97	0.72	PALL
SPPP	-0.41	0.92	0.97		0.82	SPPP
BAR	-0.66	0.79	0.72	0.82		BAR
	PGM	PPLT	PALL	SPPP	BAR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPPP	+ 0.97	PALL
SPPP	+ 0.92	PPLT
PALL	+ 0.83	PPLT
BAR	+ 0.82	SPPP
BAR	+ 0.79	PPLT
BAR	+ 0.72	PALL

High negative correlations

BAR	- 0.66	PGM
SPPP	- 0.41	PGM
PPLT	- 0.35	PGM
PALL	- 0.3	PGM

GraniteShares Platinum Constituents Risk-Adjusted Indicators

There is a big difference between GraniteShares Etf performing well and GraniteShares Platinum ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GraniteShares Platinum's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGM	0.75	(0.11)	0.00	(0.61)	0.00	0.00	1.48	(2.47)	6.66
PPLT	1.29	(0.10)	0.00	(0.12)	0.00	0.00	2.43	(2.53)	6.58
PALL	2.25	(0.01)	(0.03)	0.10	2.48	(2.43)	3.95	(3.48)	13.91
SPPP	1.57	(0.06)	0.00	(0.03)	0.00	0.00	2.95	(2.98)	7.58
BAR	0.74	0.08	(0.05)	(0.37)	1.02	(0.79)	1.47	(1.49)	4.84

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