Graniteshares Platinum Trust Etf Beta
| PLTM Etf | USD 9.21 0.22 2.45% |
GraniteShares Platinum Trust fundamentals help investors to digest information that contributes to GraniteShares Platinum's financial success or failures. It also enables traders to predict the movement of GraniteShares Etf. The fundamental analysis module provides a way to measure GraniteShares Platinum's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GraniteShares Platinum etf.
GraniteShares |
GraniteShares Platinum Trust ETF Beta Analysis
GraniteShares Platinum's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current GraniteShares Platinum Beta | 0.34 |
Most of GraniteShares Platinum's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GraniteShares Platinum Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, GraniteShares Platinum Trust has a Beta of 0.34. This is much higher than that of the Graniteshares family and significantly higher than that of the Commodities Focused category. The beta for all United States etfs is notably lower than that of the firm.
GraniteShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GraniteShares Platinum's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of GraniteShares Platinum could also be used in its relative valuation, which is a method of valuing GraniteShares Platinum by comparing valuation metrics of similar companies.GraniteShares Platinum is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, GraniteShares Platinum's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares Platinum is expected to be smaller as well.
GraniteShares Fundamentals
| Price To Earning | 14.95 X | |||
| Price To Book | 0.55 X | |||
| Price To Sales | 0.84 X | |||
| Number Of Employees | 618 | |||
| Beta | 0.34 | |||
| Total Asset | 39.67 M | |||
| One Year Return | (2.00) % | |||
| Three Year Return | (1.50) % | |||
| Five Year Return | 0.20 % | |||
| Net Asset | 39.67 M |
About GraniteShares Platinum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares Platinum Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares Platinum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares Platinum Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out GraniteShares Platinum Piotroski F Score and GraniteShares Platinum Altman Z Score analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.