Platinum Asset Management

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Williams %R

Score

1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 16.8 0.64% 1.75% 3.8% -4.0% 20.6%
SHORT 21 18.1 0.81% 4.25% 4.0% -8.1% 35.5%

Summary

Technical Analysis

Platinum Asset Management (PTM.AX)


Indicator:

WILLIAMS %R


Last Signal:

BEARISH


Trading: SELL @ $4.76
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Platinum Asset Management (ASX:PTM) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.



Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R Williams %R reflects the level of the close relative to the highest high for the look-back period.

Calculation: Williams %R:
1) %R = (Highest High - Close)/(Highest High - Lowest Low) * -100;
2) Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %R is multiplied by -100 correct the inversion and move the decimal;


PROFILE: Platinum Asset Management (PTM.AX)


Stock Exchange: ASX
Company: Platinum Asset Management
Ticker Codes: | PTM.AX | ASX:PTM |

About Platinum Asset Management (ASX:PTM):

Platinum Investment Management Limited doing business as Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to pension and profit sharing plans and corporations. The firm launches and manages equity mutual funds for its clients. It also launches and manages hedge funds for its clients. The firm invests in public equity markets across the globe. It employs value strategy with bottom-up stock picking approach to create its portfolio. The firm employs a combination of in-house and external research to make its investments. Platinum Investment Management Limited was founded in February 1994 and is based in Sydney, Australia.

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