Platinum Asset (Australia) Market Value
| PTM Stock | 0.75 0.04 5.63% |
| Symbol | Platinum |
Platinum Asset '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 Asset'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 Asset.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Platinum Asset on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Platinum Asset Management or generate 0.0% return on investment in Platinum Asset over 30 days. Platinum Asset is related to or competes with Dug Technology, Falcon Metals, Catalyst Metals, Super Retail, British Amer, Retail Food, and Perseus Mining. More
Platinum Asset 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 Asset'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 Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.25 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.35 |
Platinum Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum Asset's standard deviation. In reality, there are many statistical measures that can use Platinum Asset historical prices to predict the future Platinum Asset's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 1.13 |
Platinum Asset Management Backtested Returns
Platinum Asset Management maintains Sharpe Ratio (i.e., Efficiency) of -0.0787, which implies the firm had a -0.0787 % return per unit of risk over the last 3 months. Platinum Asset Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Platinum Asset's Coefficient Of Variation of (1,271), risk adjusted performance of (0.05), and Variance of 8.63 to confirm the risk estimate we provide. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Platinum Asset are expected to decrease at a much lower rate. During the bear market, Platinum Asset is likely to outperform the market. At this point, Platinum Asset Management has a negative expected return of -0.23%. Please make sure to check Platinum Asset's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Platinum Asset Management performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Platinum Asset Management has poor reverse predictability. Overlapping area represents the amount of predictability between Platinum Asset time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 2025. 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 Asset Management price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Platinum Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Platinum Asset Management lagged returns against current returns
Autocorrelation, which is Platinum Asset 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 Asset's stock expected returns. We can calculate the autocorrelation of Platinum Asset returns to help us make a trade decision. For example, suppose you find that Platinum Asset 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 Asset 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 Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Platinum Asset Lagged Returns
When evaluating Platinum Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum Asset stock have on its future price. Platinum Asset 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 Asset autocorrelation shows the relationship between Platinum Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Platinum Asset Management.
Regressed Prices |
| Timeline |
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Additional Tools for Platinum Stock Analysis
When running Platinum Asset's price analysis, check to measure Platinum Asset's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Platinum Asset is operating at the current time. Most of Platinum Asset's value examination focuses on studying past and present price action to predict the probability of Platinum Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Platinum Asset's price. Additionally, you may evaluate how the addition of Platinum Asset to your portfolios can decrease your overall portfolio volatility.