Graniteshares Platinum Trust Etf Performance
| PLTM Etf | USD 9.26 0.04 0.43% |
The etf retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GraniteShares Platinum's returns are expected to increase less than the market. However, during the bear market, the loss of holding GraniteShares Platinum is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days GraniteShares Platinum Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, GraniteShares Platinum is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.22 |
GraniteShares |
GraniteShares Platinum Relative Risk vs. Return Landscape
If you would invest 964.00 in GraniteShares Platinum Trust on October 12, 2024 and sell it today you would lose (38.00) from holding GraniteShares Platinum Trust or give up 3.94% of portfolio value over 90 days. GraniteShares Platinum Trust is currently does not generate positive expected returns and assumes 1.3344% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than GraniteShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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GraniteShares Platinum Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GraniteShares Platinum's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GraniteShares Platinum Trust, and traders can use it to determine the average amount a GraniteShares Platinum's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0428
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| Negative Returns | PLTM |
Estimated Market Risk
| 1.33 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GraniteShares 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 GraniteShares Platinum by adding GraniteShares Platinum to a well-diversified portfolio.
GraniteShares Platinum Fundamentals Growth
GraniteShares Etf prices reflect investors' perceptions of the future prospects and financial health of GraniteShares Platinum, and GraniteShares Platinum fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GraniteShares Etf performance.
| Price To Earning | 14.95 X | |||
| Price To Book | 0.55 X | |||
| Price To Sales | 0.84 X | |||
| Total Asset | 39.67 M | |||
About GraniteShares Platinum Performance
By examining GraniteShares Platinum's fundamental ratios, stakeholders can obtain critical insights into GraniteShares Platinum's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that GraniteShares Platinum is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in platinum. Graniteshares Platinum is traded on NYSEARCA Exchange in the United States.| 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 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.