Platinum Asia (Australia) Market Value
| PAI Stock | 0.97 0.01 1.02% |
| Symbol | Platinum |
Platinum Asia '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 Asia'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 Asia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Platinum Asia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Platinum Asia Investments or generate 0.0% return on investment in Platinum Asia over 30 days. Platinum Asia is related to or competes with Centaurus Metals, Perseus Mining, Regal Funds, Hotel Property, and Andean Silver. Platinum Asia is entity of Australia. It is traded as Stock on AU exchange. More
Platinum Asia 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 Asia'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 Asia Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.06 |
Platinum Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum Asia's standard deviation. In reality, there are many statistical measures that can use Platinum Asia historical prices to predict the future Platinum Asia's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.0733 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.19) |
Platinum Asia Investments Backtested Returns
Currently, Platinum Asia Investments is risky. Platinum Asia Investments maintains Sharpe Ratio (i.e., Efficiency) of 0.0595, which implies the firm had a 0.0595% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Platinum Asia Investments, which you can use to evaluate the volatility of the company. Please check Platinum Asia's Risk Adjusted Performance of 0.0382, semi deviation of 1.02, and Coefficient Of Variation of 2220.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0733%. Platinum Asia has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Platinum Asia are expected to decrease at a much lower rate. During the bear market, Platinum Asia is likely to outperform the market. Platinum Asia Investments right now holds a risk of 1.23%. Please check Platinum Asia Investments mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Platinum Asia Investments will be following its historical price patterns.
Auto-correlation | 0.41 |
Average predictability
Platinum Asia Investments has average predictability. Overlapping area represents the amount of predictability between Platinum Asia time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Asia Investments price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Platinum Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Platinum Asia Investments lagged returns against current returns
Autocorrelation, which is Platinum Asia 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 Asia's stock expected returns. We can calculate the autocorrelation of Platinum Asia returns to help us make a trade decision. For example, suppose you find that Platinum Asia 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 Asia 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 Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Platinum Asia Lagged Returns
When evaluating Platinum Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum Asia stock have on its future price. Platinum Asia 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 Asia autocorrelation shows the relationship between Platinum Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Platinum Asia Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Platinum Stock Analysis
When running Platinum Asia's price analysis, check to measure Platinum Asia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Platinum Asia is operating at the current time. Most of Platinum Asia's value examination focuses on studying past and present price action to predict the probability of Platinum Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Platinum Asia's price. Additionally, you may evaluate how the addition of Platinum Asia to your portfolios can decrease your overall portfolio volatility.