Graniteshares Platinum Trust Etf Price on November 25, 2024
| PLTM Etf | USD 9.21 0.22 2.45% |
Below is the normalized historical share price chart for GraniteShares Platinum Trust extending back to February 05, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of GraniteShares Platinum stands at 9.21, as last reported on the 2nd of December, with the highest price reaching 9.22 and the lowest price hitting 9.10 during the day.
If you're considering investing in GraniteShares Etf, it is important to understand the factors that can impact its price. As of now, GraniteShares Etf is not too volatile. GraniteShares Platinum holds Efficiency (Sharpe) Ratio of 0.0554, which attests that the entity had a 0.0554% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for GraniteShares Platinum, which you can use to evaluate the volatility of the entity. Please check out GraniteShares Platinum's market risk adjusted performance of 0.0921, and Risk Adjusted Performance of 0.0232 to validate if the risk estimate we provide is consistent with the expected return of 0.0843%.
GraniteShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 20.06 | 200 Day MA 9.35 | 1 y Volatility 20.4 | 50 Day MA 9.5212 | Inception Date 2018-01-22 |
GraniteShares |
Sharpe Ratio = 0.0554
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Estimated Market Risk
| 1.52 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average GraniteShares Platinum is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GraniteShares Platinum by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Related Headline
Ares Management Headline on 25th of November 2024
Disposition of 100 shares by Michael Arougheti of Ares Manag... by Michael Arougheti
Filed transaction by Ares Management LP Director, Officer: Co-founder, Ceo And President. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
GraniteShares Platinum Valuation on November 25, 2024
It is possible to determine the worth of GraniteShares Platinum on a given historical date. On November 25, 2024 GraniteShares was worth 9.22 at the beginning of the trading date compared to the closed value of 9.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GraniteShares Platinum etf. Still, in general, we apply an absolute valuation method to find GraniteShares Platinum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GraniteShares Platinum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GraniteShares Platinum's related companies.
| Open | High | Low | Close | Volume | |
| 9.35 | 9.38 | 9.32 | 9.32 | 15,305 | |
11/25/2024 | 9.22 | 9.22 | 9.09 | 9.10 | 55,300 |
| 9.01 | 9.05 | 8.95 | 8.98 | 88,200 |
| Backtest GraniteShares Platinum | | | GraniteShares Platinum History | | | GraniteShares Platinum Valuation | Previous | Next |
GraniteShares Platinum Trading Date Momentum on November 25, 2024
| On November 26 2024 GraniteShares Platinum Trust was traded for 8.98 at the closing time. The top price for the day was 9.05 and the lowest listed price was 8.95 . The trading volume for the day was 88.2 K. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.32% . The overall trading delta against the current closing price is 0.00% . |
GraniteShares Platinum Fundamentals Correlations and Trends
By evaluating GraniteShares Platinum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GraniteShares Platinum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GraniteShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About GraniteShares Platinum Etf history
GraniteShares Platinum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GraniteShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GraniteShares Platinum will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GraniteShares Platinum stock prices may prove useful in developing a viable investing in GraniteShares Platinum
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.
GraniteShares Platinum Etf Technical Analysis
GraniteShares Platinum technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
GraniteShares Platinum Period Price Range
Low | December 2, 2024
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0.00 | 0.00 |
GraniteShares Platinum Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
GraniteShares Platinum December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how GraniteShares Platinum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GraniteShares Platinum shares will generate the highest return on investment. By undertsting and applying GraniteShares Platinum etf market strength indicators, traders can identify GraniteShares Platinum Trust entry and exit signals to maximize returns
GraniteShares Platinum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GraniteShares Platinum's price direction in advance. Along with the technical and fundamental analysis of GraniteShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of GraniteShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0821 |
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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.