Brent Crude Oil Commodity Price on October 31, 2024
| BZUSD Commodity | 71.69 0.15 0.21% |
If you're considering investing in Brent Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Brent Crude stands at 71.69, as last reported on the 11th of December 2024, with the highest price reaching 72.39 and the lowest price hitting 71.27 during the day. At this point, Brent Crude is very steady. Brent Crude Oil secures Sharpe Ratio (or Efficiency) of 0.0127, which signifies that the commodity had a 0.0127% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Brent Crude Oil, which you can use to evaluate the volatility of the entity. Please confirm Brent Crude's risk adjusted performance of 0.036, and Mean Deviation of 1.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.0251%.
Brent Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Brent |
Sharpe Ratio = 0.0127
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Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average Brent Crude 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 Brent Crude by adding it to a well-diversified portfolio.
Brent Crude Valuation on October 31, 2024
It is possible to determine the worth of Brent Crude on a given historical date. On October 31, 2024 Brent was worth 72.23 at the beginning of the trading date compared to the closed value of 72.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Brent Crude commodity. Still, in general, we apply an absolute valuation method to find Brent Crude'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 Brent Crude where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Brent Crude's related companies.
| Open | High | Low | Close | Volume | |
| 70.49 | 72.34 | 70.46 | 71.79 | 16,776 | |
10/31/2024 | 72.23 | 73.85 | 71.49 | 72.45 | 36,772 |
| 73.68 | 74.48 | 72.52 | 72.73 | 31,466 |
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Brent Crude Trading Date Momentum on October 31, 2024
| On November 01 2024 Brent Crude Oil was traded for 72.73 at the closing time. The highest daily price throughout the period was 74.48 and the lowest price was 72.52 . The daily volume was 31.5 K. The net trading volume on 11/01/2024 added to the next day price growth. The overall trading delta to closing price of the next trading day was 0.39% . The overall trading delta to current closing price is 1.53% . |
Price Boundaries
Brent Crude Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Brent Crude December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Brent Crude commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brent Crude shares will generate the highest return on investment. By undertsting and applying Brent Crude commodity market strength indicators, traders can identify Brent Crude Oil entry and exit signals to maximize returns
Brent Crude Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Brent Crude's price direction in advance. Along with the technical and fundamental analysis of Brent Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Brent 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.