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After looking for stocks with higher betas, we can see that Platinum Group Metals Ltd. (ASX:PLG) has a current beta of 1.72. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 1.71. From the session open, shares have moved -11.40%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity. Dealing with the ups and down of the stock market is something that most investors will encounter at some point. Everyone wants to feel that thrill of seeing that big winner soar, and nobody wants to see that loser keep sinking. Figuring out how to best approach the stock market can take up a lot of time and energy. There are many strategies that investors can use when purchasing stocks for the portfolio. Some of these strategies may be riskier than others. Determining a comfortable level of risk appetite may be highly important for the individual investor. It is important to remember that there are no guarantees in the stock market. New investors may have to learn that there is rarely any substitute for hard work and tireless research. Many investors jump in head first and find this out the hard way. Realizing that there is no guaranteed strategy for stock picking might help the investor stay focused and grounded while building up the portfolio. Let’s take a look at some of the numbers for Platinum Group Metals Ltd. (ASX:PLG). Stock price performance for the past week is currently noted at 19.58%. If we look back to the beginning of the calendar year, shares have performed 14.77%. Looking back over the past full-year, shares have performed 63.32%. Over the past month, the stock has performed 29.55%. Over the last quarter, the stock has performed 30.53%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 16.88% for the week, and 10.32% for the past month. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. We are also noting that Platinum Group Metals Ltd. (ASX:PLG) was recently seen trading -15.35% away from the 50-day high and 64.42% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -21.20%, and the distance from the 52-week low is currently 65.38%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $6.96. The consensus recommendation provided by covering sell-side analysts is currently 2.00. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation. Investors are typically searching far and wide for any little advantage they can get in the stock market. Short-term traders using technical analysis may be looking to score quick profits by capitalizing on the fluctuations of stock prices. There are many different technical indicators that traders can choose to study. Some traders may find an indicator that works great by itself. Others may use a combination of multiple indicators to help spot trends and patterns. Many active traders will keep a close eye on a particular stock when it is nearing a new high or new low that hasn’t been touched in some time. Studying historical stock price action may lend some insight into whether or not a stock is likely to break out past the new high, or plummet further to a much lower low. Staying on top of the action may be crucial when frequently entering and exiting trades. After a recent check, Platinum Group Metals Ltd. (ASX:PLG) shares have been seen trading 23.23% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 23.03% off of that mark. Looking at the 200-day moving average, shares have been trading 14.86% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock. Smart investors are often very knowledgeable about the markets. Many successful investors have become highly adept at knowing when to buy and when to sell. They have also managed to control risk and secure sustained profits. This doesn’t just happen overnight. Investors often spend many years of trial and error before being able to put together the puzzle. Top investors are also able to make better investing decisions with the information at hand. With vast amounts of data readily available for everyone, it becomes more about interpreting the data rather than just receiving it. Knowing how to block out the noise and find information that is useful, can be a highly coveted skill. Turning available information into a winning portfolio is where the good investor can become a great investor. |
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