Soybean Futures Commodity Price on November 27, 2024
| ZSUSX Commodity | 997.25 8.50 0.86% |
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 Futures stands at 997.25, as last reported on the 2nd of December, with the highest price reaching 998.00 and the lowest price hitting 982.75 during the day. Soybean Futures owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0181, which indicates the commodity had a -0.0181% return per unit of risk over the last 3 months. Soybean Futures exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soybean Futures' Risk Adjusted Performance of 0.0116, coefficient of variation of 8226.2, and Semi Deviation of 0.9501 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 = -0.0181
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZSUSX |
Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Soybean Futures 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 Futures by adding Soybean Futures to a well-diversified portfolio.
Soybean Futures Valuation on November 27, 2024
It is possible to determine the worth of Soybean Futures on a given historical date. On November 27, 2024 Soybean was worth 984.0 at the beginning of the trading date compared to the closed value of 988.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Soybean Futures commodity. Still, in general, we apply an absolute valuation method to find Soybean 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 Soybean Futures where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Soybean Futures' related companies.
| Open | High | Low | Close | Volume | |
| 980.00 | 991.25 | 976.75 | 983.50 | 121,509 | |
11/27/2024 | 984.00 | 994.25 | 983.25 | 988.75 | 119,737 |
| 993.25 | 998.00 | 982.75 | 997.25 | 119,737 |
| Backtest Soybean Futures | | | Soybean Futures History | Previous | Next |
Soybean Futures Trading Date Momentum on November 27, 2024
| On November 29 2024 Soybean Futures was traded for 997.25 at the closing time. The highest daily price throughout the period was 998.00 and the lowest price was 982.75 . The daily volume was 119.7 K. The net trading volume on 11/29/2024 added to the next day price jump. The trading date delta to closing price of the next trading day was 0.86% . The trading price change to current closing price is 0.46% . |
Price Boundaries
Soybean Futures Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Soybean 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 Futures December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Soybean 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 Soybean Futures shares will generate the highest return on investment. By undertsting and applying Soybean Futures commodity market strength indicators, traders can identify Soybean Futures entry and exit signals to maximize returns
Soybean Futures Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Soybean Futures' 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.