Platinum Asia Investments Fund Market Value
| PAI Fund | USD 12.53 0.04 0.32% |
| Symbol | Platinum |
Platinum Asia '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 Asia's fund 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 Asia.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Platinum Asia on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Platinum Asia Investments or generate 0.0% return on investment in Platinum Asia over 720 days. Platinum Asia is related to or competes with Tekla Healthcare, Tekla Life, Cohen Steers, XAI Octagon, Tekla World, Royce Value, and John Hancock. Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Co... More
Platinum Asia 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 Asia's fund 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 Asia Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7141 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.02 |
Platinum Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum Asia's standard deviation. In reality, there are many statistical measures that can use Platinum Asia historical prices to predict the future Platinum Asia's volatility.| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0975 |
Platinum Asia Investments Backtested Returns
Platinum Asia is very steady at the moment. Platinum Asia Investments maintains Sharpe Ratio (i.e., Efficiency) of 0.0245, which implies the entity had a 0.0245% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Platinum Asia Investments, which you can use to evaluate the volatility of the fund. Please check Platinum Asia's Semi Deviation of 0.655, coefficient of variation of 3844.78, and Risk Adjusted Performance of 0.0179 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund holds a Beta of 0.0676, which implies not very significant fluctuations relative to the market. As returns on the market increase, Platinum Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Platinum Asia is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
Platinum Asia Investments has good reverse predictability. Overlapping area represents the amount of predictability between Platinum Asia time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. 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 Asia Investments price movement. The serial correlation of -0.53 indicates that about 53.0% of current Platinum Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Platinum Asia Investments lagged returns against current returns
Autocorrelation, which is Platinum Asia fund'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 Asia's fund expected returns. We can calculate the autocorrelation of Platinum Asia returns to help us make a trade decision. For example, suppose you find that Platinum Asia has exhibited high autocorrelation historically, and you observe that the fund 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 Asia 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 Asia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum Asia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum Asia fund over time.
Current vs Lagged Prices |
| Timeline |
Platinum Asia Lagged Returns
When evaluating Platinum Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum Asia fund have on its future price. Platinum Asia 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 Asia autocorrelation shows the relationship between Platinum Asia fund current value and its past values and can show if there is a momentum factor associated with investing in Platinum Asia Investments.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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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