Platinum Group Metals Stock Price on November 18, 2024
| PTM Stock | CAD 2.25 0.17 7.02% |
If you're considering investing in Platinum Stock, it is important to understand the factors that can impact its price. As of today, the current price of Platinum Group stands at 2.25, as last reported on the 27th of November, with the highest price reaching 2.40 and the lowest price hitting 2.20 during the day. Platinum Group appears to be dangerous, given 3 months investment horizon. Platinum Group Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Platinum Group's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Platinum Group's Risk Adjusted Performance of 0.0931, semi deviation of 3.46, and Coefficient Of Variation of 903.41 to confirm if our risk estimates are consistent with your expectations.
Platinum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Platinum |
Sharpe Ratio = 0.1107
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Estimated Market Risk
| 4.89 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Platinum Group is performing at about 8% 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 Platinum Group by adding it to a well-diversified portfolio.
Platinum Group Valuation on November 18, 2024
It is possible to determine the worth of Platinum Group on a given historical date. On November 18, 2024 Platinum was worth 2.3 at the beginning of the trading date compared to the closed value of 2.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Platinum Group stock. Still, in general, we apply an absolute valuation method to find Platinum Group'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 Platinum Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Platinum Group's related companies.
| Open | High | Low | Close | Volume | |
| 2.31 | 2.36 | 2.24 | 2.25 | 23,400 | |
11/18/2024 | 2.30 | 2.53 | 2.28 | 2.45 | 49,443 |
| 2.41 | 2.45 | 2.30 | 2.36 | 18,800 |
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Platinum Group Trading Date Momentum on November 18, 2024
| On November 19 2024 Platinum Group Metals was traded for 2.36 at the closing time. The maximum traded price for the trading interval was 2.45 and the lowest daily price was 2.30 . The daily volume was recorded at 18.8 K. The volume of trading on 19th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 3.67% . The trading delta at closing time to the closing price today is 2.04% . |
Platinum Group Metals Fundamentals Correlations and Trends
By evaluating Platinum Group'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 Platinum Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Platinum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Platinum Group Stock history
Platinum Group 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 Platinum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Platinum Group Metals 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 Platinum Group stock prices may prove useful in developing a viable investing in Platinum Group
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada. PLATINUM GROUP operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 13 people.
Platinum Group Stock Technical Analysis
Platinum Group technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Platinum Group Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Platinum Group Metals cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Platinum Group November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Platinum Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Platinum Group shares will generate the highest return on investment. By undertsting and applying Platinum Group stock market strength indicators, traders can identify Platinum Group Metals entry and exit signals to maximize returns
Platinum Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Platinum Group's price direction in advance. Along with the technical and fundamental analysis of Platinum Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Platinum 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 | 0.0931 | |||
| Jensen Alpha | 0.3815 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1042 | |||
| Treynor Ratio | 0.4264 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.