Platinum Historical Valuation
| PTM Stock | CAD 2.12 0.05 2.30% |
Some fundamental drivers such as market cap or Platinum Group enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Platinum Group Metals valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Platinum Group's future value.
Platinum |
About Platinum Valuation Data Analysis
Valuation is the financial process of determining what Platinum Group is worth. Platinum Group valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Platinum Group valuation ratios help investors to determine whether Platinum Stock 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 Group security.
Platinum Group Valuation Data Chart
Pair Trading with Platinum Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Platinum Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Platinum Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Platinum Stock
Moving against Platinum Stock
| 0.66 | TD | Toronto Dominion Bank | PairCorr |
| 0.63 | AQN | Algonquin Power Utilities | PairCorr |
| 0.4 | INFM | Infinico Metals Corp | PairCorr |
| 0.35 | T | Telus Corp | PairCorr |
The ability to find closely correlated positions to Platinum Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Platinum Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Platinum Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Platinum Group Metals to buy it.
The correlation of Platinum Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Platinum Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Platinum Group Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Platinum Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.