Platinum Group Metals Stock Technical Analysis
| PLG Stock | USD 1.69 0.02 1.17% |
As of the 22nd of November, Platinum Group holds the Semi Deviation of 4.02, risk adjusted performance of 0.065, and Coefficient Of Variation of 1349.31. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Platinum Group, as well as the relationship between them. Please check Platinum Group Metals jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Platinum Group Metals is priced some-what accurately, providing market reflects its current price of 1.69 per share. Please also confirm Platinum Group Metals total risk alpha, which is currently at (0.30) to check out the company can sustain itself at a future point.
Platinum Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Platinum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PlatinumPlatinum |
Platinum Group Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 6.96 | Buy | 3 | Odds |
Most Platinum analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Platinum stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Platinum Group Metals, talking to its executives and customers, or listening to Platinum conference calls.
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.
Platinum Group Metals Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Platinum Group Metals volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Platinum Group Metals Trend Analysis
Use this graph to draw trend lines for Platinum Group Metals. You can use it to identify possible trend reversals for Platinum Group as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Platinum Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Platinum Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Platinum Group Metals applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that Platinum Group Metals will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 4.13, which is the sum of squared deviations for the predicted Platinum Group price change compared to its average price change.About Platinum Group Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Platinum Group Metals on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Platinum Group Metals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Platinum Group Metals price pattern first instead of the macroeconomic environment surrounding Platinum Group Metals. By analyzing Platinum Group's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Platinum Group's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Platinum Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Graham Number | 0.66 | 0.63 | Receivables Turnover | 0.0935 | 0.08 |
Platinum Group November 22, 2024 Technical Indicators
Most technical analysis of Platinum help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Platinum from various momentum indicators to cycle indicators. When you analyze Platinum charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.065 | |||
| Market Risk Adjusted Performance | 0.5 | |||
| Mean Deviation | 3.92 | |||
| Semi Deviation | 4.02 | |||
| Downside Deviation | 4.33 | |||
| Coefficient Of Variation | 1349.31 | |||
| Standard Deviation | 5.1 | |||
| Variance | 25.97 | |||
| Information Ratio | 0.0526 | |||
| Jensen Alpha | 0.2931 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.062 | |||
| Treynor Ratio | 0.49 | |||
| Maximum Drawdown | 25.39 | |||
| Value At Risk | (6.39) | |||
| Potential Upside | 10.66 | |||
| Downside Variance | 18.72 | |||
| Semi Variance | 16.13 | |||
| Expected Short fall | (4.56) | |||
| Skewness | 0.8726 | |||
| Kurtosis | 1.03 |
Complementary Tools for Platinum Stock analysis
When running Platinum Group's price analysis, check to measure Platinum Group'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 Group is operating at the current time. Most of Platinum Group's value examination focuses on studying past and present price action to predict the probability of Platinum Group'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 Group's price. Additionally, you may evaluate how the addition of Platinum Group to your portfolios can decrease your overall portfolio volatility.
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