Teucrium Soybean Etf Price on March 4, 2024
| SOYB Etf | USD 21.20 0.04 0.19% |
Below is the normalized historical share price chart for Teucrium Soybean extending back to September 19, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Teucrium Soybean stands at 21.20, as last reported on the 1st of December, with the highest price reaching 21.40 and the lowest price hitting 21.10 during the day.
If you're considering investing in Teucrium Etf, it is important to understand the factors that can impact its price. Teucrium Soybean owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0746, which indicates the etf had a -0.0746% return per unit of risk over the last 3 months. Teucrium Soybean exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teucrium Soybean's Coefficient Of Variation of (6,644), risk adjusted performance of (0.01), and Variance of 0.8276 to confirm the risk estimate we provide.
Teucrium Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 17.44 | 200 Day MA 23.3894 | 1 y Volatility 14.97 | 50 Day MA 21.869 | Inception Date 2011-09-16 |
Teucrium |
Sharpe Ratio = -0.0746
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| Negative Returns | SOYB |
Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Teucrium Soybean 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 Teucrium Soybean by adding Teucrium Soybean to a well-diversified portfolio.
Average Mkt Cap Mil USDÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
Teucrium Soybean Valuation on March 4, 2024
It is possible to determine the worth of Teucrium Soybean on a given historical date. On March 4, 2024 Teucrium was worth 24.47 at the beginning of the trading date compared to the closed value of 24.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teucrium Soybean etf. Still, in general, we apply an absolute valuation method to find Teucrium Soybean'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 Teucrium Soybean where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teucrium Soybean's related companies.
| Open | High | Low | Close | Volume | |
| 24.09 | 24.22 | 23.99 | 24.21 | 32,800 | |
03/04/2024 | 24.47 | 24.51 | 24.26 | 24.34 | 112,300 |
| 24.34 | 24.36 | 24.17 | 24.27 | 46,600 |
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Teucrium Soybean Trading Date Momentum on March 4, 2024
| On March 05 2024 Teucrium Soybean was traded for 24.27 at the closing time. The top price for the day was 24.36 and the lowest listed price was 24.17 . The trading volume for the day was 46.6 K. The trading history from March 5, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.29% . The trading price change against the current closing price is 3.45% . |
Teucrium Soybean Fundamentals Correlations and Trends
By evaluating Teucrium Soybean'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 Teucrium Soybean's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teucrium financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Teucrium Soybean Etf history
Teucrium Soybean 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 Teucrium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teucrium Soybean 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 Teucrium Soybean stock prices may prove useful in developing a viable investing in Teucrium Soybean
Teucrium Soybean Etf Technical Analysis
Teucrium Soybean 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
Teucrium Soybean Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Teucrium Soybean cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Teucrium Soybean December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Teucrium Soybean etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teucrium Soybean shares will generate the highest return on investment. By undertsting and applying Teucrium Soybean etf market strength indicators, traders can identify Teucrium Soybean entry and exit signals to maximize returns
Teucrium Soybean Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Teucrium Soybean's price direction in advance. Along with the technical and fundamental analysis of Teucrium Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teucrium 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 | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.05 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teucrium Soybean. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Teucrium Soybean is measured differently than its book value, which is the value of Teucrium that is recorded on the company's balance sheet. Investors also form their own opinion of Teucrium Soybean's value that differs from its market value or its book value, called intrinsic value, which is Teucrium Soybean'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 Teucrium Soybean's market value can be influenced by many factors that don't directly affect Teucrium Soybean'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 Teucrium Soybean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teucrium Soybean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teucrium Soybean'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.