Platinum Commodity Price on November 26, 2024
| PLUSD Commodity | 957.60 7.20 0.76% |
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 957.60, as last reported on the 4th of December, with the highest price reaching 964.80 and the lowest price hitting 945.30 during the day. At this point, Platinum is very steady. Platinum maintains Sharpe Ratio (i.e., Efficiency) of 0.0354, which implies the entity had a 0.0354% return per unit of risk over the last 3 months. We have found thirty technical indicators for Platinum, which you can use to evaluate the volatility of the commodity. Please check Platinum's Coefficient Of Variation of 1662.73, semi deviation of 1.56, and Risk Adjusted Performance of 0.0512 to confirm if the risk estimate we provide is consistent with the expected return of 0.0574%.
Platinum Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Platinum |
Sharpe Ratio = 0.0354
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Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Platinum is performing at about 2% of its full potential. 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 it to a well-diversified portfolio.
Platinum Valuation on November 26, 2024
It is possible to determine the worth of Platinum on a given historical date. On November 26, 2024 Platinum was worth 944.5 at the beginning of the trading date compared to the closed value of 929.9. 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 | |
| 973.60 | 976.70 | 942.90 | 944.50 | 26,672 | |
11/26/2024 | 944.50 | 945.70 | 928.30 | 929.90 | 25,919 |
| 931.30 | 943.90 | 929.00 | 931.80 | 22,407 |
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Platinum Trading Date Momentum on November 26, 2024
| On November 27 2024 Platinum was traded for 931.80 at the closing time. The highest daily price throughout the period was 943.90 and the lowest price was 929.00 . The daily volume was 22.4 K. The net trading volume on 11/27/2024 added to the next day price growth. The trading delta at closing time to closing price of the next trading day was 0.20% . The trading delta at closing time to current closing price is 2.29% . |
Price Boundaries
Platinum Period Price Range
Low | December 4, 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 4, 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.