Platinum Asia (Australia) Technical Analysis
| PAXX Fund | 4.83 0.02 0.41% |
As of the 7th of January, Platinum Asia holds the Risk Adjusted Performance of (0.03), coefficient of variation of (2,909), and Variance of 0.8693. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Platinum Asia, as well as the relationship between them.
Platinum Asia Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Platinum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PlatinumPlatinum |
Platinum Asia technical fund 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, fund market cycles, or different charting patterns.
Platinum Asia Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Platinum Asia volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Platinum Asia Trend Analysis
Use this graph to draw trend lines for Platinum Asia. You can use it to identify possible trend reversals for Platinum Asia as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Platinum Asia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Platinum Asia Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Platinum Asia applied against its price change over selected period. The best fit line has a slop of 0.0012 , which may suggest that Platinum Asia market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Platinum Asia price change compared to its average price change.About Platinum Asia Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Platinum Asia on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Platinum Asia based on its technical analysis. In general, a bottom-up approach, as applied to this fund, focuses on Platinum Asia price pattern first instead of the macroeconomic environment surrounding Platinum Asia. By analyzing Platinum Asia's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Platinum Asia's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Platinum Asia specific price patterns or momentum indicators. Please read more on our technical analysis page.
Platinum Asia January 7, 2025 Technical Indicators
Most technical analysis of Platinum help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Platinum from various momentum indicators to cycle indicators. When you analyze Platinum charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.56) | |||
| Mean Deviation | 0.6998 | |||
| Coefficient Of Variation | (2,909) | |||
| Standard Deviation | 0.9324 | |||
| Variance | 0.8693 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.57) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.27 | |||
| Skewness | 0.5304 | |||
| Kurtosis | 1.92 |
Other Information on Investing in Platinum Fund
Platinum Asia financial ratios help investors to determine whether Platinum Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Platinum with respect to the benefits of owning Platinum Asia security.
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