Us Commodity Funds Etf Price on December 11, 2024
| ALUM Etf | 33.21 2.43 6.82% |
If you're considering investing in ALUM Etf, it is important to understand the factors that can impact its price. As of today, the current price of US Commodity stands at 33.21, as last reported on the 12th of December 2024, with the highest price reaching 35.64 and the lowest price hitting 33.21 during the day. US Commodity appears to be very steady, given 3 months investment horizon. US Commodity Funds retains Efficiency (Sharpe Ratio) of 0.23, which indicates the etf had a 0.23% return per unit of price deviation over the last 3 months. By analyzing US Commodity's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review US Commodity's Downside Deviation of 2.07, mean deviation of 1.73, and Risk Adjusted Performance of 0.0384 to confirm if our risk estimates are consistent with your expectations.
ALUM Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ALUM |
Sharpe Ratio = 0.229
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Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average US Commodity is performing at about 18% 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 US Commodity by adding it to a well-diversified portfolio.
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US Commodity Valuation on December 11, 2024
It is possible to determine the worth of US Commodity on a given historical date. On December 11, 2024 ALUM was worth 35.64 at the beginning of the trading date compared to the closed value of 33.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of US Commodity etf. Still, in general, we apply an absolute valuation method to find US Commodity's 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 US Commodity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against US Commodity's related companies.
| Open | High | Low | Close | Volume | |
| 34.14 | 34.14 | 33.23 | 33.23 | 116.00 | |
10/11/2024 | 35.64 | 35.64 | 33.21 | 33.21 | 232.00 |
| 35.64 | 35.64 | 33.21 | 33.21 | 0.00 |
| Backtest US Commodity | | | US Commodity History | | | US Commodity Valuation | Previous | Next |
US Commodity Trading Date Momentum on December 11, 2024
| On December 12 2024 US Commodity Funds was traded for 33.21 at the closing time. The top price for the day was 35.64 and the lowest listed price was 33.21 . There was no trading activity during the period 0.0. Lack of trading volume on December 12, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 7.32% . |
US Commodity Funds Fundamentals Correlations and Trends
By evaluating US Commodity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among US Commodity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ALUM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About US Commodity Etf history
US Commodity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ALUM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in US Commodity Funds will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing US Commodity stock prices may prove useful in developing a viable investing in US Commodity
US Commodity Etf Technical Analysis
US Commodity technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
US Commodity Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
US Commodity Funds cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
US Commodity December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how US Commodity etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading US Commodity shares will generate the highest return on investment. By undertsting and applying US Commodity etf market strength indicators, traders can identify US Commodity Funds entry and exit signals to maximize returns
US Commodity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for US Commodity's price direction in advance. Along with the technical and fundamental analysis of ALUM Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ALUM 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.
| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.1168 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.62) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of US Commodity Funds is measured differently than its book value, which is the value of ALUM that is recorded on the company's balance sheet. Investors also form their own opinion of US Commodity's value that differs from its market value or its book value, called intrinsic value, which is US Commodity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US Commodity's market value can be influenced by many factors that don't directly affect US Commodity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US Commodity's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Commodity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Commodity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.