GraniteShares Platinum Correlations

PLTM Etf

USD 9.26 0.04 0.43%

The current 90-days correlation between GraniteShares Platinum and Barclays Capital is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GraniteShares Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares Platinum Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GraniteShares Platinum Correlation With Market

Significant diversification

The correlation between GraniteShares Platinum Trust and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GraniteShares Platinum Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in GraniteShares Platinum Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with GraniteShares Etf

0.77	GLD	SPDR Gold Shares	Pair Corr
0.77	IAU	iShares Gold Trust	Pair Corr
0.9	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.76	GLDM	SPDR Gold MiniShares	Pair Corr
0.76	SGOL	abrdn Physical Gold	Pair Corr
0.9	GLTR	abrdn Physical Precious	Pair Corr
0.9	SIVR	abrdn Physical Silver	Pair Corr
0.76	IAUM	iShares Gold Trust	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against GraniteShares Etf

0.82	DBA	Invesco DB Agriculture	Pair Corr
0.8	ARKW	ARK Next Generation	Pair Corr
0.57	WTMF	WisdomTree Managed	Pair Corr
0.54	BST	BlackRock Science Tech	Pair Corr
0.43	IAUF	IShares	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.62	T	ATT Inc Sell-off Trend	Pair Corr
0.43	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PGM	PPLT	PALL	SPPP	BAR
PGM		0.71	0.75	0.73	0.47	PGM
PPLT	0.71		0.91	0.9	0.76	PPLT
PALL	0.75	0.91		0.93	0.78	PALL
SPPP	0.73	0.9	0.93		0.74	SPPP
BAR	0.47	0.76	0.78	0.74		BAR
	PGM	PPLT	PALL	SPPP	BAR

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GraniteShares Platinum Constituents Risk-Adjusted Indicators

There is a big difference between GraniteShares Etf performing well and GraniteShares Platinum ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GraniteShares Platinum's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGM	0.75	(0.09)	0.00	8.83	0.00	0.00	1.48	(2.47)	6.66
PPLT	1.10	(0.06)	0.00	(1.25)	0.00	0.00	2.00	(1.93)	5.79
PALL	1.73	(0.12)	0.00	0.65	0.00	0.00	3.17	(3.42)	13.91
SPPP	1.22	(0.12)	0.00	(1.76)	0.00	0.00	2.37	(2.40)	7.58
BAR	0.76	0.00	(0.01)	0.02	1.19	(0.69)	1.29	(1.92)	4.78

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