Platinum Group Correlations
| PTM Stock | CAD 2.46 0.10 4.24% |
The current 90-days correlation between Platinum Group Metals and Entree Resources is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Platinum Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Platinum Group Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Platinum Group Correlation With Market
Good diversification
The correlation between Platinum Group Metals and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Platinum Group Metals and DJI in the same portfolio, assuming nothing else is changed.
Platinum |
The ability to find closely correlated positions to Platinum Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Platinum Group 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 Platinum Group - 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 Platinum Group Metals to buy it.
Moving together with Platinum Stock
| 0.93 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
| 0.84 | CDR | Condor Energies | PairCorr |
| 0.77 | IMP | Intermap Technologies | PairCorr |
| 0.65 | ETG | Entree Resources | PairCorr |
| 0.66 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.82 | NVDA | NVIDIA CDR | PairCorr |
Moving against Platinum Stock
Related Correlations Analysis
| 0.66 | -0.09 | 0.21 | 0.63 | ELR | ||
| 0.66 | -0.62 | 0.18 | 0.69 | ETG | ||
| -0.09 | -0.62 | -0.31 | -0.52 | SLR | ||
| 0.21 | 0.18 | -0.31 | 0.66 | MSV | ||
| 0.63 | 0.69 | -0.52 | 0.66 | USA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Platinum Stock performing well and Platinum Group Company 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 Platinum Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELR | 4.51 | 0.19 | 0.01 | (2.48) | 4.43 | 12.50 | 32.54 | |||
| ETG | 2.27 | 0.62 | 0.18 | (1.68) | 2.20 | 5.24 | 19.87 | |||
| SLR | 2.42 | (0.34) | 0.00 | 0.50 | 0.00 | 4.94 | 23.58 | |||
| MSV | 2.82 | 0.18 | 0.02 | 0.39 | 3.05 | 6.25 | 20.05 | |||
| USA | 4.25 | 0.63 | 0.10 | 4.66 | 4.35 | 10.91 | 30.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Platinum Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Platinum Group Corporate Management
Elected by the shareholders, the Platinum Group's board of directors comprises two types of representatives: Platinum Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Platinum. The board's role is to monitor Platinum Group's management team and ensure that shareholders' interests are well served. Platinum Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Platinum Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BBA CA | CEO Pres | Profile | |
| Carlos Agueero | Chief Inc | Profile | |
| Amjad Ali | Project Board | Profile | |
| Kresimir Begic | Vice Development | Profile | |
| Schalk Engelbrecht | PTM Executive | Profile | |
| Vilma FernandezMaldonado | Corporate Secretary | Profile | |
| Gabriel Wet | Head Engineering | Profile |