Wheat Futures Commodity Price on September 5, 2024
| KEUSX Commodity | 565.50 1.75 0.31% |
If you're considering investing in Wheat Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Wheat Futures stands at 565.50, as last reported on the 23rd of November, with the highest price reaching 570.25 and the lowest price hitting 562.00 during the day. At this stage we consider Wheat Commodity to be very steady. Wheat Futures shows Sharpe Ratio of 0.0579, which attests that the commodity had a 0.0579% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wheat Futures, which you can use to evaluate the volatility of the commodity. Please check out Wheat Futures' Mean Deviation of 1.22, market risk adjusted performance of (0.45), and Downside Deviation of 1.47 to validate if the risk estimate we provide is consistent with the expected return of 0.0894%.
Wheat Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Wheat |
Sharpe Ratio = 0.0579
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Estimated Market Risk
| 1.54 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Wheat Futures is performing at about 4% 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 Wheat Futures by adding it to a well-diversified portfolio.
Wheat Futures Valuation on September 5, 2024
It is possible to determine the worth of Wheat Futures on a given historical date. On September 5, 2024 Wheat was worth 589.5 at the beginning of the trading date compared to the closed value of 588.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wheat Futures commodity. Still, in general, we apply an absolute valuation method to find Wheat 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 Wheat Futures where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wheat Futures' related companies.
| Open | High | Low | Close | Volume | |
| 574.75 | 594.00 | 573.50 | 593.00 | 37,475 | |
09/05/2024 | 589.50 | 593.50 | 581.75 | 588.75 | 30,658 |
| 587.25 | 592.50 | 577.00 | 577.50 | 20,331 |
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Wheat Futures Trading Date Momentum on September 5, 2024
| On September 06 2024 Wheat Futures was traded for 577.50 at the closing time. The highest daily price throughout the period was 592.50 and the lowest price was 577.00 . The daily volume was 20.3 K. The net trading volume on 09/06/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.91% . The trading price change to current closing price is 1.70% . |
Price Boundaries
Wheat Futures Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Wheat 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.
Wheat Futures November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Wheat 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 Wheat Futures shares will generate the highest return on investment. By undertsting and applying Wheat Futures commodity market strength indicators, traders can identify Wheat Futures entry and exit signals to maximize returns
Wheat Futures Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wheat Futures' price direction in advance. Along with the technical and fundamental analysis of Wheat Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wheat 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.