Aluminum Futures Commodity Price on October 7, 2024
| ALIUSD Commodity | 2,604 42.50 1.66% |
If you're considering investing in Aluminum Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Aluminum Futures stands at 2,604, as last reported on the 30th of November, with the highest price reaching 2,611 and the lowest price hitting 2,544 during the day. Aluminum Futures appears to be very steady, given 3 months investment horizon. Aluminum Futures secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the commodity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aluminum Futures, which you can use to evaluate the volatility of the entity. Please makes use of Aluminum Futures' Mean Deviation of 1.35, downside deviation of 1.51, and Risk Adjusted Performance of 0.0822 to double-check if our risk estimates are consistent with your expectations.
Aluminum Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Aluminum |
Sharpe Ratio = 0.1193
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Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Aluminum Futures is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Aluminum Futures by adding it to a well-diversified portfolio.
Aluminum Futures Valuation on October 7, 2024
It is possible to determine the worth of Aluminum Futures on a given historical date. On October 7, 2024 Aluminum was worth 2590.5 at the beginning of the trading date compared to the closed value of 2590.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aluminum Futures commodity. Still, in general, we apply an absolute valuation method to find Aluminum Futures' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Aluminum Futures where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aluminum Futures' related companies.
| Open | High | Low | Close | Volume | |
| 2,584 | 2,584 | 2,584 | 2,584 | 1,078 | |
10/07/2024 | 2,590 | 2,590 | 2,590 | 2,590 | 1,977 |
| 2,496 | 2,496 | 2,496 | 2,496 | 1,915 |
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Aluminum Futures Trading Date Momentum on October 7, 2024
| On October 08 2024 Aluminum Futures was traded for 2,496 at the closing time. The maximum traded price for the trading interval was 2,496 and the lowest daily price was 2,496 . The daily volume was recorded at 1.9 K. The volume of trading on 8th of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 3.64% . The overall trading delta to the closing price today is 3.35% . |
Price Boundaries
Aluminum Futures Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Aluminum Futures cannot be verified against its exchange. Please verify the symbol is currently traded on Commodity Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Aluminum Futures November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Aluminum Futures commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aluminum Futures shares will generate the highest return on investment. By undertsting and applying Aluminum Futures commodity market strength indicators, traders can identify Aluminum Futures entry and exit signals to maximize returns
Aluminum Futures Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aluminum Futures' price direction in advance. Along with the technical and fundamental analysis of Aluminum Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aluminum to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.