Heating Oil Commodity Price on November 30, 2024
| HOUSD Commodity | 2.19 0.02 0.90% |
If you're considering investing in Heating Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Heating Oil stands at 2.19, as last reported on the 2nd of December, with the highest price reaching 2.24 and the lowest price hitting 2.19 during the day. At this point, Heating Oil is unstable. Heating Oil holds Efficiency (Sharpe) Ratio of 0.002, which attests that the entity had a 0.002% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Heating Oil, which you can use to evaluate the volatility of the entity. Please check out Heating Oil's market risk adjusted performance of (0.34), and Risk Adjusted Performance of (0) to validate if the risk estimate we provide is consistent with the expected return of 0.0037%.
Heating Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Heating |
Sharpe Ratio = 0.002
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| Negative Returns | HOUSD |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Heating Oil 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 Heating Oil by adding Heating Oil to a well-diversified portfolio.
Heating Oil Valuation on November 30, 2024
It is possible to determine the worth of Heating Oil on a given historical date. On November 30, 2024 Heating was worth 2.2 at the beginning of the trading date compared to the closed value of 2.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heating Oil commodity. Still, in general, we apply an absolute valuation method to find Heating Oil'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 Heating Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heating Oil's related companies.
| Open | High | Low | Close | Volume | |
| 2.21 | 2.25 | 2.19 | 2.19 | 51,278 | |
11/29/2024 | 2.20 | 2.24 | 2.19 | 2.19 | 3,180 |
| 2.20 | 2.24 | 2.19 | 2.19 | 0.00 |
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Heating Oil Trading Date Momentum on November 30, 2024
| On December 02 2024 Heating Oil was traded for 2.19 at the closing time. The highest daily price throughout the period was 2.24 and the lowest price was 2.19 . There was no trading activity during the period 0.0. Lack of trading volume on 12/02/2024 did not cause price change. The trading delta at closing time to current closing price is 0.46% . |
Price Boundaries
Heating Oil Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Heating Oil 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.
Heating Oil December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Heating Oil commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heating Oil shares will generate the highest return on investment. By undertsting and applying Heating Oil commodity market strength indicators, traders can identify Heating Oil entry and exit signals to maximize returns
Heating Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heating Oil's price direction in advance. Along with the technical and fundamental analysis of Heating Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heating 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.