Platinum Group Metals Stock Probability of Future Stock Price Finishing Under 1.89
| PLG Stock | USD 1.62 0.12 6.90% |
Platinum |
Platinum Group Target Price Odds to finish below 1.89
The tendency of Platinum Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 1.89 after 90 days |
| 1.62 | 90 days | 1.89 | about 91.5 |
Based on a normal probability distribution, the odds of Platinum Group to stay under $ 1.89 after 90 days from now is about 91.5 (This Platinum Group Metals probability density function shows the probability of Platinum Stock to fall within a particular range of prices over 90 days) . Probability of Platinum Group Metals price to stay between its current price of $ 1.62 and $ 1.89 at the end of the 90-day period is about 31.67 .
Considering the 90-day investment horizon Platinum Group has a beta of 0.58 indicating as returns on the market go up, Platinum Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Platinum Group Metals will be expected to be much smaller as well. Additionally Platinum Group Metals has an alpha of 0.3347, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Platinum Group Price Density |
| Price |
Predictive Modules for Platinum Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Platinum Group Metals. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Platinum Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Platinum Group is not an exception. The market had few large corrections towards the Platinum Group's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Platinum Group Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Platinum Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | 0.06 |
Platinum Group Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Platinum Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Platinum Group Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Platinum Group is way too risky over 90 days horizon | |
| Platinum Group may become a speculative penny stock | |
| Platinum Group appears to be risky and price may revert if volatility continues | |
| Reported Net Loss for the year was (5.66 M) with profit before taxes, overhead, and interest of 0. | |
| Platinum Group Metals has about 12.33 M in cash with (3.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Platinum Group has a frail financial position based on the latest SEC disclosures | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Platinum Group Metals Ltd. Reports 2024 Annual Results |
Platinum Group Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Platinum Stock often depends not only on the future outlook of the current and potential Platinum Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Platinum Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.9 M | |
| Cash And Short Term Investments | 7 M |
Platinum Group Technical Analysis
Platinum Group's future price can be derived by breaking down and analyzing its technical indicators over time. Platinum Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Platinum Group Metals. In general, you should focus on analyzing Platinum Stock price patterns and their correlations with different microeconomic environments and drivers.
Platinum Group Predictive Forecast Models
Platinum Group's time-series forecasting models is one of many Platinum Group's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Platinum Group's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Platinum Group Metals
Checking the ongoing alerts about Platinum Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Platinum Group Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Platinum Group is way too risky over 90 days horizon | |
| Platinum Group may become a speculative penny stock | |
| Platinum Group appears to be risky and price may revert if volatility continues | |
| Reported Net Loss for the year was (5.66 M) with profit before taxes, overhead, and interest of 0. | |
| Platinum Group Metals has about 12.33 M in cash with (3.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Platinum Group has a frail financial position based on the latest SEC disclosures | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Platinum Group Metals Ltd. Reports 2024 Annual Results |
Check out Platinum Group Backtesting, Platinum Group Valuation, Platinum Group Correlation, Platinum Group Hype Analysis, Platinum Group Volatility, Platinum Group History as well as Platinum Group Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Platinum Group. If investors know Platinum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Platinum Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.05) | Return On Assets (0.11) | Return On Equity (0.12) |
The market value of Platinum Group Metals is measured differently than its book value, which is the value of Platinum that is recorded on the company's balance sheet. Investors also form their own opinion of Platinum Group's value that differs from its market value or its book value, called intrinsic value, which is Platinum Group'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 Platinum Group's market value can be influenced by many factors that don't directly affect Platinum Group'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 Platinum Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Platinum Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Platinum Group'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.