Copper Commodity Price on September 25, 2024
| HGUSD Commodity | 4.08 0.01 0.24% |
If you're considering investing in Copper Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Copper stands at 4.08, as last reported on the 24th of November, with the highest price reaching 4.12 and the lowest price hitting 4.06 during the day. Copper secures Sharpe Ratio (or Efficiency) of -0.0258, which signifies that the commodity had a -0.0258% return per unit of risk over the last 3 months. Copper exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Copper's Mean Deviation of 1.17, risk adjusted performance of (0.01), and Standard Deviation of 1.54 to double-check the risk estimate we provide.
Copper Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Copper |
Sharpe Ratio = -0.0258
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HGUSD |
Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Copper 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 Copper by adding Copper to a well-diversified portfolio.
Copper Valuation on September 25, 2024
It is possible to determine the worth of Copper on a given historical date. On September 25, 2024 Copper was worth 4.53 at the beginning of the trading date compared to the closed value of 4.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Copper commodity. Still, in general, we apply an absolute valuation method to find Copper'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 Copper where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Copper's related companies.
| Open | High | Low | Close | Volume | |
| 4.35 | 4.53 | 4.34 | 4.49 | 106,353 | |
09/25/2024 | 4.53 | 4.55 | 4.45 | 4.49 | 79,205 |
| 4.49 | 4.65 | 4.47 | 4.64 | 117,069 |
| Backtest Copper | | | Copper History | Previous | Next |
Copper Trading Date Momentum on September 25, 2024
| On September 26 2024 Copper was traded for 4.64 at the closing time. The highest daily price throughout the period was 4.65 and the lowest price was 4.47 . The daily volume was 117.1 K. The net trading volume on 09/26/2024 added to the next day price growth. The trading delta at closing time to closing price of the next trading day was 3.34% . The overall trading delta to current closing price is 1.78% . |
Price Boundaries
Copper Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Copper 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.
Copper November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Copper commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Copper shares will generate the highest return on investment. By undertsting and applying Copper commodity market strength indicators, traders can identify Copper entry and exit signals to maximize returns
Copper Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Copper's price direction in advance. Along with the technical and fundamental analysis of Copper Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Copper 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.