Palladium (PA=F)

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Palladium (PA=F) is down 19.3% since the beginning of the year. PA=F is currently trading at $1,316 per share. Investors who bought $1,000 worth of PA=F shares 5 years ago would now be looking at an investment worth $462.

Palladium (PA=F) has returned -19.25% so far this year and 28.37% over the past 12 months. Over the last ten years, PA=F has returned 9.13% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 6, 2006, PA=F's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Feb 2008 with a return of +36.2%, while the worst month was Aug 2008 at -25.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PA=F closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +20.5%, while the worst single day was Mar 12, 2020 at -20.5%.

Palladium has an annualized alpha of 6.81%, beta of 0.46, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since January 09, 2006.

• This asset participated in 80.77% of S&P 500 Index downside but only 61.35% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.46 may look defensive, but with R2 of 0.05 this asset is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this asset's risk.
• R2 of 0.05 means this asset moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PA=F ranks 2 for risk / return — in the bottom 2% of futures on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Palladium (PA=F) and compare them to S&P 500 Index.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Palladium. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Palladium was 74.88%, occurring on Aug 5, 2024. The portfolio has not yet recovered.

The current Palladium drawdown is 60.00%.

The chart below shows the rolling one-month volatility.