Lean Hogs Futures Commodity Price on November 21, 2024
| HEUSX Commodity | 82.40 0.70 0.84% |
If you're considering investing in Lean Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Lean Hogs stands at 82.40, as last reported on the 27th of November, with the highest price reaching 83.60 and the lowest price hitting 82.28 during the day. At this stage we consider Lean Commodity to be very steady. Lean Hogs Futures has Sharpe Ratio of 0.0104, which conveys that the entity had a 0.0104% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lean Hogs, which you can use to evaluate the volatility of the commodity. Please verify Lean Hogs' Mean Deviation of 1.03, downside deviation of 1.81, and Risk Adjusted Performance of 0.0359 to check out if the risk estimate we provide is consistent with the expected return of 0.0159%.
Lean Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Lean |
Sharpe Ratio = 0.0104
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Lean Hogs is not performing at its full potential. However, 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 Lean Hogs by adding Lean Hogs to a well-diversified portfolio.
Lean Hogs Valuation on November 21, 2024
It is possible to determine the worth of Lean Hogs on a given historical date. On November 21, 2024 Lean was worth 80.53 at the beginning of the trading date compared to the closed value of 80.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Lean Hogs commodity. Still, in general, we apply an absolute valuation method to find Lean Hogs' 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 Lean Hogs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Lean Hogs' related companies.
| Open | High | Low | Close | Volume | |
| 79.75 | 80.75 | 79.25 | 80.53 | 15,422 | |
11/21/2024 | 80.53 | 81.55 | 80.28 | 80.80 | 11,058 |
| 80.63 | 81.75 | 80.43 | 81.68 | 11,786 |
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Lean Hogs Trading Date Momentum on November 21, 2024
| On November 22 2024 Lean Hogs Futures was traded for 81.68 at the closing time. The highest daily price throughout the period was 81.75 and the lowest price was 80.43 . The daily volume was 11.8 K. The net trading volume on 11/22/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.09% . The trading delta at closing time to current closing price is 2.70% . |
Price Boundaries
Lean Hogs Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Lean Hogs 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.
Lean Hogs November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Lean Hogs commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lean Hogs shares will generate the highest return on investment. By undertsting and applying Lean Hogs commodity market strength indicators, traders can identify Lean Hogs Futures entry and exit signals to maximize returns
Lean Hogs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Lean Hogs' price direction in advance. Along with the technical and fundamental analysis of Lean Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Lean 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.