GraniteShares Platinum Financials
| PLTM Etf | USD 8.99 0.01 0.11% |
Net Expense Ratio 0.005 | 3 y Sharp Ratio (0.15) |
GraniteShares |
The data published in GraniteShares Platinum's official financial statements typically reflect GraniteShares Platinum's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving GraniteShares Platinum's quantitative information. For example, before you start analyzing numbers published by GraniteShares accountants, it's essential to understand GraniteShares Platinum's liquidity, profitability, and earnings quality within the context of the Graniteshares space in which it operates.
GraniteShares Platinum Etf Summary
GraniteShares Platinum competes with Abrdn Physical, Abrdn Physical, Sprott Physical, and GraniteShares Gold. The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in platinum. Graniteshares Platinum is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US38748T1034 |
| CUSIP | 38748T103 |
| Region | Global |
| Investment Issuer | GraniteShares |
| Etf Family | Graniteshares |
| Fund Category | Precious Metals |
| Portfolio Concentration | Platinum |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
GraniteShares Platinum Key Financial Ratios
GraniteShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining GraniteShares Platinum's current stock value. Our valuation model uses many indicators to compare GraniteShares Platinum value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across GraniteShares Platinum competition to find correlations between indicators driving GraniteShares Platinum's intrinsic value. More Info.GraniteShares Platinum Trust is rated number one ETF in price to earning as compared to similar ETFs. It is regarded second largest ETF in price to book as compared to similar ETFs fabricating about 0.04 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for GraniteShares Platinum Trust is roughly 27.18 . Comparative valuation analysis is a catch-all technique that is used if you cannot value GraniteShares Platinum by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.GraniteShares Platinum Systematic Risk
GraniteShares Platinum's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. GraniteShares Platinum volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on GraniteShares Platinum correlated with the market. If Beta is less than 0 GraniteShares Platinum generally moves in the opposite direction as compared to the market. If GraniteShares Platinum Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one GraniteShares Platinum is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of GraniteShares Platinum is generally in the same direction as the market. If Beta > 1 GraniteShares Platinum moves generally in the same direction as, but more than the movement of the benchmark.
GraniteShares Platinum Thematic Clasifications
GraniteShares Platinum Trust is part of Precious Metals ETFs investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA ETFs from Precious Metals clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs
This theme covers USA ETFs from Precious Metals clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. Get More Thematic Ideas
| Precious Metals ETFs | View |
GraniteShares Platinum November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of GraniteShares Platinum help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of GraniteShares Platinum Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of GraniteShares Platinum Trust based on widely used predictive technical indicators. In general, we focus on analyzing GraniteShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build GraniteShares Platinum's daily price indicators and compare them against related drivers.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.36 |
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. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of GraniteShares Platinum is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares Platinum's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Platinum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GraniteShares Platinum's market value can be influenced by many factors that don't directly affect GraniteShares Platinum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GraniteShares Platinum's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Platinum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Platinum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.