Platinum Group Metals Stock Market Value
| PLG Stock | USD 1.62 0.12 6.90% |
| Symbol | Platinum |
Platinum Group Metals Price To Book Ratio
Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Platinum Group. If investors know Platinum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Platinum Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.05) | Return On Assets (0.11) | Return On Equity (0.12) |
The market value of Platinum Group Metals is measured differently than its book value, which is the value of Platinum that is recorded on the company's balance sheet. Investors also form their own opinion of Platinum Group's value that differs from its market value or its book value, called intrinsic value, which is Platinum Group'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 Platinum Group's market value can be influenced by many factors that don't directly affect Platinum Group'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 Platinum Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Platinum Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Platinum Group'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.
Platinum Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Platinum Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Platinum Group.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Platinum Group on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Platinum Group Metals or generate 0.0% return on investment in Platinum Group over 30 days. Platinum Group is related to or competes with Endeavour Silver, Avino Silver, Fortuna Silver, and Impala Platinum. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties More
Platinum Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Platinum Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Platinum Group Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 25.39 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 10.66 |
Platinum Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum Group's standard deviation. In reality, there are many statistical measures that can use Platinum Group historical prices to predict the future Platinum Group's volatility.| Risk Adjusted Performance | 0.0705 | |||
| Jensen Alpha | 0.3347 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 0.6878 |
Platinum Group Metals Backtested Returns
Platinum Group appears to be very risky, given 3 months investment horizon. Platinum Group Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Platinum Group's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please evaluate Platinum Group's Coefficient Of Variation of 1236.61, risk adjusted performance of 0.0705, and Semi Deviation of 3.89 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Platinum Group holds a performance score of 9. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Platinum Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Platinum Group is expected to be smaller as well. Please check Platinum Group's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Platinum Group's historical price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Platinum Group Metals has poor predictability. Overlapping area represents the amount of predictability between Platinum Group time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Platinum Group Metals price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Platinum Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Platinum Group Metals lagged returns against current returns
Autocorrelation, which is Platinum Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Platinum Group's stock expected returns. We can calculate the autocorrelation of Platinum Group returns to help us make a trade decision. For example, suppose you find that Platinum Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Platinum Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Platinum Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum Group stock over time.
Current vs Lagged Prices |
| Timeline |
Platinum Group Lagged Returns
When evaluating Platinum Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum Group stock have on its future price. Platinum Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Platinum Group autocorrelation shows the relationship between Platinum Group stock current value and its past values and can show if there is a momentum factor associated with investing in Platinum Group Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Platinum Group Metals is a strong investment it is important to analyze Platinum Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Platinum Group's future performance. For an informed investment choice regarding Platinum Stock, refer to the following important reports:Check out Platinum Group Correlation, Platinum Group Volatility and Platinum Group Alpha and Beta module to complement your research on Platinum Group. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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.