Soybean Meal Competition

ZMUSD Commodity

313.50 5.60 1.82%

Analyzing Soybean Meal competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Soybean Meal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any commodity could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Soybean Meal vs Cocoa Correlation

Modest diversification

The correlation between Soybean Meal Futures and CCUSD is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soybean Meal Futures and CCUSD in the same portfolio, assuming nothing else is changed.

Moving against Soybean Commodity

0.8	PMAY	Innovator SP 500	Pair Corr
0.78	GOOG	Alphabet Class C	Pair Corr
0.75	HWC	Hancock Whitney Corp	Pair Corr
0.75	BIL	SPDR Bloomberg 1	Pair Corr
0.7	TSPX	Twin Oak Active	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Soybean Meal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Soybean Meal Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Soybean Meal and its competitors represents the degree of relationship between the price movements of corresponding commoditys. A correlation of about +1.0 implies that the price of Soybean and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Soybean Meal Futures does not affect the price movement of the other competitor.

	HOUSD	CLUSD	ALIUSD	ZCUSX	SIUSD	OJUSX	BZUSD	NGUSD	ZFUSD	MGCUSD
HOUSD		0.66	0.06	-0.47	0.09	-0.06	0.69	0.37	-0.24	0.26	HOUSD
CLUSD	0.66		0.53	-0.53	0.46	0.18	0.99	-0.15	-0.39	0.71	CLUSD
ALIUSD	0.06	0.53		-0.39	0.92	0.75	0.57	-0.22	-0.63	0.83	ALIUSD
ZCUSX	-0.47	-0.53	-0.39		-0.38	-0.15	-0.58	0.08	0.27	-0.41	ZCUSX
SIUSD	0.09	0.46	0.92	-0.38		0.79	0.51	-0.11	-0.69	0.88	SIUSD
OJUSX	-0.06	0.18	0.75	-0.15	0.79		0.23	-0.13	-0.57	0.57	OJUSX
BZUSD	0.69	0.99	0.57	-0.58	0.51	0.23		-0.13	-0.42	0.74	BZUSD
NGUSD	0.37	-0.15	-0.22	0.08	-0.11	-0.13	-0.13		0.01	-0.2	NGUSD
ZFUSD	-0.24	-0.39	-0.63	0.27	-0.69	-0.57	-0.42	0.01		-0.57	ZFUSD
MGCUSD	0.26	0.71	0.83	-0.41	0.88	0.57	0.74	-0.2	-0.57		MGCUSD
	HOUSD	CLUSD	ALIUSD	ZCUSX	SIUSD	OJUSX	BZUSD	NGUSD	ZFUSD	MGCUSD

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High positive correlations

BZUSD	+ 0.99	CLUSD
SIUSD	+ 0.92	ALIUSD
MGCUSD	+ 0.88	SIUSD
MGCUSD	+ 0.83	ALIUSD
OJUSX	+ 0.79	SIUSD
OJUSX	+ 0.75	ALIUSD

High negative correlations

ZFUSD	- 0.69	SIUSD
ZFUSD	- 0.63	ALIUSD
BZUSD	- 0.58	ZCUSX
MGCUSD	- 0.57	ZFUSD
ZFUSD	- 0.57	OJUSX
ZCUSX	- 0.53	CLUSD

Risk-Adjusted Indicators

There is a big difference between Soybean Commodity performing well and Soybean Meal Commodity doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Soybean Meal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HOUSD	1.98	(0.02)	0.00	0.19	0.00	0.00	3.85	(3.24)	13.00
CLUSD	1.43	0.12	0.03	(0.69)	1.81	(1.46)	2.90	(2.84)	8.20
ALIUSD	1.20	0.09	0.03	0.31	1.64	(1.13)	2.45	(2.72)	6.71
ZCUSX	0.77	(0.01)	(0.05)	(0.15)	1.20	(0.88)	1.53	(1.60)	7.62
SIUSD	4.13	0.70	0.09	0.58	6.81	(4.15)	7.94	(9.11)	45.36
OJUSX	3.56	0.08	0.01	0.30	4.98	(3.29)	6.78	(7.34)	22.03
BZUSD	1.30	0.11	0.03	3.66	1.66	(1.35)	2.84	(2.71)	7.74
NGUSD	5.64	(0.04)	0.00	(0.04)	0.00	0.00	12.05	(8.70)	75.12
ZFUSD	0.11	0.00	(0.49)	0.07	0.09	(0.12)	0.22	(0.20)	0.52
MGCUSD	1.28	0.27	0.08	2.58	2.33	(1.32)	2.83	(2.39)	15.73

Soybean Meal Competitive Analysis

The better you understand Soybean Meal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Soybean Meal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Soybean Meal's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ZMUSD	HOUSD	CLUSD	ALIUSD	ZCUSX	SIUSD	OJUSX	BZUSD	NGUSD	ZFUSD
	1.82 313.50 Soybean	2.05 2.39 Heating	0.08 62.89 Crude	0.36 3,016 Aluminum	0.12 431.75 Corn	3.01 77.96 Silver	7.31 182.80 Orange	0.34 67.75 Brent	0.62 3.24 Natural	0.23 109.69 Five
Market Volatility (90 Days Market Risk)	Very steady	Risky	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Dangerous	Very steady
Market Performance (90 Days Performance)	Weakest	Weakest	Soft	Fair	Weakest	Good	Mild	Soft	Weakest	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Unknown	Unknown	Unknown	Unknown	Unknown	Unknown	Unknown	Unknown	Unknown
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Strong Sell	Cautious Hold	Strong Sell	Strong Sell	Strong Sell	Strong Hold	Strong Sell	Sell
Day Typical Price	310.83	2.39	62.76	3015.75	431.33	76.99	178.87	67.56	3.21	109.59
Accumulation Distribution	0.0337	0.0248	0.0177	N/A	0.0075	0.0696	0.1	0.017	0.0518	0.0035
Market Facilitation Index	10.6	0.06	1.12	N/A	3.25	5.52	18.7	1.16	0.17	0.38
Daily Balance Of Power	0.5283	(0.83)	0.0446	0	0.1538	0.413	0.6658	0.1983	0.1176	0.6579
Period Momentum Indicator	5.6	(0.05)	0.05	(11.00)	0.5	2.28	12.45	0.23	0.02	0.25
Rate Of Daily Change	1.02	0.98	1.0	1.0	1.0	1.03	1.07	1.0	1.01	1.0
Day Median Price	309.5	2.39	62.7	3015.75	431.13	76.51	176.9	67.47	3.2	109.54
Price Action Indicator	6.8	(0.03)	0.21	(5.50)	0.88	2.59	12.13	0.4	0.055	0.27
Coefficient Of Variation	(104,631)	(19,725)	1499.23	1308.66	20824.44	786.22	4077.66	1353.41	(162,167)	2167.9
Mean Deviation	1.12	1.98	1.43	1.2	0.7716	4.13	3.56	1.3	5.64	0.1088
Jensen Alpha	(0.04)	(0.02)	0.1208	0.0852	(0.01)	0.7019	0.0812	0.112	(0.04)	(0.0007)
Total Risk Alpha	(0.14)	(0.21)	(0.02)	(0.01)	(0.09)	0.32	(0.24)	(0.01)	(0.75)	(0.01)
Sortino Ratio	N/A	N/A	0.026	0.026	(0.05)	0.0913	0.0081	0.0297	N/A	(0.49)
Downside Variance	N/A	N/A	3.87	3.03	1.52	62.76	25.82	3.29	N/A	0.0167
Standard Deviation	1.73	2.5	1.82	1.51	1.12	6.24	4.53	1.68	9.84	0.1308
Kurtosis	6.62	0.6655	0.0554	(0.18)	7.75	10.0	(0.08)	0.1958	8.84	(0.45)
Potential Upside	2.36	3.85	2.9	2.45	1.53	7.94	6.78	2.84	12.05	0.2194
Treynor Ratio	(0.03)	0.1853	(0.69)	0.3149	(0.15)	0.5763	0.3038	3.66	(0.04)	0.0719
Maximum Drawdown	13.87	13.0	8.2	6.71	7.62	45.36	22.03	7.74	75.12	0.5231
Variance	3.0	6.27	3.29	2.27	1.25	38.9	20.55	2.81	96.84	0.0171
Market Risk Adjusted Performance	(0.02)	0.1953	(0.68)	0.3249	(0.14)	0.5863	0.3138	3.67	(0.03)	0.0819
Risk Adjusted Performance	0.0046	0.0027	0.0594	0.0663	0.0067	0.1113	0.028	0.0648	0.0087	(0.01)
Skewness	0.5145	(0.23)	(0.43)	(0.31)	(1.76)	(2.13)	(0.24)	(0.43)	(0.96)	0.129
Semi Deviation	N/A	N/A	1.81	1.64	1.2	6.81	4.98	1.66	N/A	0.0948
Information Ratio	(0.04)	(0.03)	0.0282	0.03	(0.06)	0.116	0.0091	0.0322	(0.01)	(0.49)
Value At Risk	(2.07)	(3.24)	(2.84)	(2.72)	(1.60)	(9.11)	(7.34)	(2.71)	(8.70)	(0.20)
Expected Short fall	N/A	N/A	(1.46)	(1.13)	(0.88)	(4.15)	(3.29)	(1.35)	N/A	(0.12)
Downside Deviation	N/A	N/A	1.97	1.74	1.23	7.92	5.08	1.81	N/A	0.1293
Semi Variance	N/A	N/A	3.27	2.68	1.43	46.32	24.79	2.75	N/A	0.009

Soybean Meal Competition Performance Charts

Five steps to successful analysis of Soybean Meal Competition

Soybean Meal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Soybean Meal Futures in relation to its competition. Soybean Meal's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Soybean Meal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Soybean Meal's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Soybean Meal Futures, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Soybean Meal position

In addition to having Soybean Meal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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