Platinum Group Metals Stock Probability of Future Stock Price Finishing Over 16.00

PTM Stock  CAD 2.17  0.05  2.36%   
Platinum Group's future price is the expected price of Platinum Group instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Platinum Group Metals performance during a given time horizon utilizing its historical volatility. Check out Platinum Group Backtesting, Platinum Group Valuation, Platinum Group Correlation, Platinum Group Hype Analysis, Platinum Group Volatility, Platinum Group History as well as Platinum Group Performance.
  
At this time, Platinum Group's Price Book Value Ratio is very stable compared to the past year. As of the 12th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.53, while Price To Sales Ratio is likely to drop 19.81. Please specify Platinum Group's target price for which you would like Platinum Group odds to be computed.

Platinum Group Target Price Odds to finish over 16.00

The tendency of Platinum Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over C$ 16.00  or more in 90 days
 2.17 90 days 16.00 
close to zero percent
Based on a normal probability distribution, the odds of Platinum Group to move over C$ 16.00  or more in 90 days from now is close to zero percent (This Platinum Group Metals probability density function shows the probability of Platinum Stock to fall within a particular range of prices over 90 days) . Probability of Platinum Group Metals price to stay between its current price of C$ 2.17  and C$ 16.00  at the end of the 90-day period is about 56.84 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.13 indicating Platinum Group Metals market returns are highly reactive to returns on the market. As the market goes up or down, Platinum Group is expected to follow. Additionally Platinum Group Metals has an alpha of 0.408, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Platinum Group Price Density   
       Price  

Predictive Modules for Platinum Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Platinum Group Metals. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
0.112.156.98
Details
Intrinsic
Valuation
LowRealHigh
0.101.926.75
Details
Naive
Forecast
LowNextHigh
0.042.076.90
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.01-0.01-0.01
Details

Platinum Group Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Platinum Group is not an exception. The market had few large corrections towards the Platinum Group's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Platinum Group Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Platinum Group within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.41
β
Beta against Dow Jones1.13
σ
Overall volatility
0.29
Ir
Information ratio 0.09

Platinum Group Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Platinum Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Platinum Group Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Platinum Group had very high historical volatility over the last 90 days
Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0.
Platinum Group Metals has accumulated about 12.33 M in cash with (3.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Roughly 26.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Platinum Group Metals Launches 50M At-the-Market Equity Program - Barchart

Platinum Group Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Platinum Stock often depends not only on the future outlook of the current and potential Platinum Group's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Platinum Group's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding99.9 M
Cash And Short Term InvestmentsM

Platinum Group Technical Analysis

Platinum Group's future price can be derived by breaking down and analyzing its technical indicators over time. Platinum Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Platinum Group Metals. In general, you should focus on analyzing Platinum Stock price patterns and their correlations with different microeconomic environments and drivers.

Platinum Group Predictive Forecast Models

Platinum Group's time-series forecasting models is one of many Platinum Group's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Platinum Group's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Platinum Group Metals

Checking the ongoing alerts about Platinum Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Platinum Group Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Platinum Group had very high historical volatility over the last 90 days
Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0.
Platinum Group Metals has accumulated about 12.33 M in cash with (3.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Roughly 26.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Platinum Group Metals Launches 50M At-the-Market Equity Program - Barchart
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 Backtesting, Platinum Group Valuation, Platinum Group Correlation, Platinum Group Hype Analysis, Platinum Group Volatility, Platinum Group History as well as Platinum Group Performance.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.