Graniteshares Platinum Trust Etf Buy Hold or Sell Recommendation
| PLTM Etf | USD 9.35 0.09 0.97% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding GraniteShares Platinum Trust is 'Strong Hold'. The recommendation algorithm takes into account all of GraniteShares Platinum's available fundamental, technical, and predictive indicators you will find on this site.
Check out GraniteShares Platinum Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as GraniteShares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards 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.
GraniteShares |
Execute GraniteShares Platinum Buy or Sell Advice
The GraniteShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on GraniteShares Platinum Trust. Macroaxis does not own or have any residual interests in GraniteShares Platinum Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute GraniteShares Platinum's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
GraniteShares Platinum Trading Alerts and Improvement Suggestions
| GraniteShares Platinum generated a negative expected return over the last 90 days | |
| GraniteShares Platinum created five year return of -1.0% | |
| This fund maintains all of the assets in different exotic instruments |
GraniteShares Platinum Returns Distribution Density
The distribution of GraniteShares Platinum's historical returns is an attempt to chart the uncertainty of GraniteShares Platinum's future price movements. The chart of the probability distribution of GraniteShares Platinum daily returns describes the distribution of returns around its average expected value. We use GraniteShares Platinum Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of GraniteShares Platinum returns is essential to provide solid investment advice for GraniteShares Platinum.
| Mean Return | -0.05 | Value At Risk | -2.35 | Potential Upside | 2.17 | Standard Deviation | 1.36 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of GraniteShares Platinum historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
GraniteShares Platinum Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to GraniteShares Platinum or Graniteshares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that GraniteShares Platinum's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a GraniteShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.11 | |
σ | Overall volatility | 1.33 | |
Ir | Information ratio | -0.05 |
GraniteShares Platinum Volatility Alert
GraniteShares Platinum Trust exhibits very low volatility with skewness of 0.04 and kurtosis of -0.41. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure GraniteShares Platinum's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact GraniteShares Platinum's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.GraniteShares Platinum Fundamentals Vs Peers
Comparing GraniteShares Platinum's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze GraniteShares Platinum's direct or indirect competition across all of the common fundamentals between GraniteShares Platinum and the related equities. This way, we can detect undervalued stocks with similar characteristics as GraniteShares Platinum or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of GraniteShares Platinum's fundamental indicators could also be used in its relative valuation, which is a method of valuing GraniteShares Platinum by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare GraniteShares Platinum to competition |
| Fundamentals | GraniteShares Platinum | Peer Average |
| Price To Earning | 14.95 X | 3.15 X |
| Price To Book | 0.55 X | 0.39 X |
| Price To Sales | 0.84 X | 0.33 X |
| Beta | 0.29 | |
| One Year Return | 2.00 % | (0.97) % |
| Three Year Return | (0.50) % | 3.23 % |
| Five Year Return | (0.60) % | 1.12 % |
| Net Asset | 39.67 M | 2.29 B |
GraniteShares Platinum Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as GraniteShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About GraniteShares Platinum Buy or Sell Advice
When is the right time to buy or sell GraniteShares Platinum Trust? Buying financial instruments such as GraniteShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out GraniteShares Platinum Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.