Platinum Commodity Price on October 31, 2024
| PLUSD Commodity | 951.20 2.10 0.22% |
If you're considering investing in Platinum Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Platinum stands at 951.20, as last reported on the 11th of December 2024, with the highest price reaching 955.70 and the lowest price hitting 940.70 during the day. Platinum maintains Sharpe Ratio (i.e., Efficiency) of -0.0239, which implies the entity had a -0.0239% return per unit of risk over the last 3 months. Platinum exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Platinum's Coefficient Of Variation of 8873.21, semi deviation of 1.6, and Risk Adjusted Performance of 0.0136 to confirm the risk estimate we provide.
Platinum Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Platinum |
Sharpe Ratio = -0.0239
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Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Platinum is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Platinum by adding Platinum to a well-diversified portfolio.
Platinum Valuation on October 31, 2024
It is possible to determine the worth of Platinum on a given historical date. On October 31, 2024 Platinum was worth 1022.6 at the beginning of the trading date compared to the closed value of 999.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Platinum commodity. Still, in general, we apply an absolute valuation method to find Platinum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Platinum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Platinum's related companies.
| Open | High | Low | Close | Volume | |
| 1,063 | 1,065 | 1,019 | 1,022 | 29,520 | |
10/31/2024 | 1,023 | 1,023 | 993.00 | 999.60 | 26,873 |
| 999.90 | 1,014 | 994.20 | 1,003 | 21,300 |
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Platinum Trading Date Momentum on October 31, 2024
| On November 01 2024 Platinum was traded for 1,003 at the closing time. The highest daily price throughout the period was 1,014 and the lowest price was 994.20 . The daily volume was 21.3 K. The net trading volume on 11/01/2024 added to the next day price growth. The trading delta at closing time to closing price of the next trading day was 0.33% . The trading delta at closing time to current closing price is 2.14% . |
Price Boundaries
Platinum Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Platinum cannot be verified against its exchange. Please verify the symbol is currently traded on Commodity Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Platinum December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Platinum commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Platinum shares will generate the highest return on investment. By undertsting and applying Platinum commodity market strength indicators, traders can identify Platinum entry and exit signals to maximize returns
Platinum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Platinum's price direction in advance. Along with the technical and fundamental analysis of Platinum Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Platinum to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.