Soybean Meal Futures Commodity Price on November 22, 2024
| ZMUSD Commodity | 287.90 0.80 0.28% |
If you're considering investing in Soybean Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Soybean Meal stands at 287.90, as last reported on the 2nd of December, with the highest price reaching 293.70 and the lowest price hitting 287.10 during the day. Soybean Meal Futures owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the commodity had a -0.12% return per unit of risk over the last 3 months. Soybean Meal Futures exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soybean Meal's Coefficient Of Variation of (1,375), variance of 1.89, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Soybean Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Soybean |
Sharpe Ratio = -0.1179
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Estimated Market Risk
| 1.35 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Soybean Meal 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 Soybean Meal by adding Soybean Meal to a well-diversified portfolio.
Soybean Meal Valuation on November 22, 2024
It is possible to determine the worth of Soybean Meal on a given historical date. On November 22, 2024 Soybean was worth 289.9 at the beginning of the trading date compared to the closed value of 291.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Soybean Meal commodity. Still, in general, we apply an absolute valuation method to find Soybean Meal'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 Soybean Meal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Soybean Meal's related companies.
| Open | High | Low | Close | Volume | |
| 291.70 | 292.70 | 288.70 | 289.40 | 50,244 | |
11/22/2024 | 289.90 | 292.30 | 288.90 | 291.50 | 68,082 |
| 291.60 | 299.50 | 291.60 | 295.90 | 90,353 |
| Backtest Soybean Meal | | | Soybean Meal History | Previous | Next |
Soybean Meal Trading Date Momentum on November 22, 2024
| On November 25 2024 Soybean Meal Futures was traded for 295.90 at the closing time. The highest daily price throughout the period was 299.50 and the lowest price was 291.60 . The daily volume was 90.4 K. The net trading volume on 11/25/2024 added to the next day price growth. The trading date delta to closing price of the next trading day was 1.51% . The trading price change to current closing price is 0.24% . |
Price Boundaries
Soybean Meal Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Soybean Meal 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.
Soybean Meal December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Soybean Meal commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Soybean Meal shares will generate the highest return on investment. By undertsting and applying Soybean Meal commodity market strength indicators, traders can identify Soybean Meal Futures entry and exit signals to maximize returns
Soybean Meal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Soybean Meal's price direction in advance. Along with the technical and fundamental analysis of Soybean Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Soybean 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.