Platinum Group (Germany) Market Value
| P6MB Stock | EUR 1.38 0.02 1.43% |
| Symbol | Platinum |
Platinum Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Platinum Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Platinum Group.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Platinum Group on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Platinum Group Metals or generate 0.0% return on investment in Platinum Group over 30 days. Platinum Group is related to or competes with CEOTRONICS, Coor Service, Ares Management, BURLINGTON STORES, Platinum Investment, and COSTCO WHOLESALE. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties More
Platinum Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Platinum Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Platinum Group Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 23.43 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 10.85 |
Platinum Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum Group's standard deviation. In reality, there are many statistical measures that can use Platinum Group historical prices to predict the future Platinum Group's volatility.| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 0.4963 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1131 | |||
| Treynor Ratio | 0.6141 |
Platinum Group Metals Backtested Returns
Platinum Group appears to be extremely dangerous, given 3 months investment horizon. Platinum Group Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.0547, which implies the firm had a 0.0547% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Platinum Group Metals, which you can use to evaluate the volatility of the company. Please evaluate Platinum Group's Semi Deviation of 4.04, coefficient of variation of 877.94, and Risk Adjusted Performance of 0.0914 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Platinum Group holds a performance score of 4. The company holds a Beta of 0.97, which implies possible diversification benefits within a given portfolio. Platinum Group returns are very sensitive to returns on the market. As the market goes up or down, Platinum Group is expected to follow. Please check Platinum Group's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Platinum Group's historical price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Platinum Group Metals has insignificant predictability. Overlapping area represents the amount of predictability between Platinum Group time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Platinum Group Metals price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Platinum Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Platinum Group Metals lagged returns against current returns
Autocorrelation, which is Platinum Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Platinum Group's stock expected returns. We can calculate the autocorrelation of Platinum Group returns to help us make a trade decision. For example, suppose you find that Platinum Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Platinum Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Platinum Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum Group stock over time.
Current vs Lagged Prices |
| Timeline |
Platinum Group Lagged Returns
When evaluating Platinum Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum Group stock have on its future price. Platinum Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Platinum Group autocorrelation shows the relationship between Platinum Group stock current value and its past values and can show if there is a momentum factor associated with investing in Platinum Group Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Platinum Stock
When determining whether Platinum Group Metals is a strong investment it is important to analyze Platinum Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Platinum Group's future performance. For an informed investment choice regarding Platinum Stock, refer to the following important reports:Check out Platinum Group Correlation, Platinum Group Volatility and Platinum Group Alpha and Beta module to complement your research on Platinum Group. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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.