Aluminum Futures Commodity Performance
| ALIUSD Commodity | 2,588 31.25 1.19% |
The commodity shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aluminum Futures are expected to decrease at a much lower rate. During the bear market, Aluminum Futures is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Aluminum Futures are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound forward indicators, Aluminum Futures is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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Aluminum Futures Relative Risk vs. Return Landscape
If you would invest 256,075 in Aluminum Futures on November 2, 2024 and sell it today you would earn a total of 2,675 from holding Aluminum Futures or generate 1.04% return on investment over 90 days. Aluminum Futures is generating 0.0276% of daily returns assuming 1.5284% volatility of returns over the 90 days investment horizon. Simply put, 13% of all commoditys have less volatile historical return distribution than Aluminum Futures, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Aluminum Futures Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aluminum Futures' investment risk. Standard deviation is the most common way to measure market volatility of commoditys, such as Aluminum Futures, and traders can use it to determine the average amount a Aluminum Futures' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0181
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Aluminum Futures is performing at about 1% 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 Aluminum Futures by adding it to a well-diversified portfolio.