Soybean Oil Futures Commodity Price on October 25, 2024
| ZLUSX Commodity | 41.74 0.82 2.00% |
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 Oil stands at 41.74, as last reported on the 1st of December, with the highest price reaching 42.44 and the lowest price hitting 41.28 during the day. At this stage we consider Soybean Commodity to be very steady. Soybean Oil Futures owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0238, which indicates the commodity had a 0.0238% return per unit of risk over the last 3 months. We have found thirty technical indicators for Soybean Oil Futures, which you can use to evaluate the volatility of the commodity. Please validate Soybean Oil's Semi Deviation of 2.17, risk adjusted performance of 0.0096, and Coefficient Of Variation of 24283.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0511%.
Soybean Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Soybean |
Sharpe Ratio = 0.0238
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | ZLUSX | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.05 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 Soybean Oil 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 Soybean Oil by adding it to a well-diversified portfolio.
Soybean Oil Valuation on October 25, 2024
It is possible to determine the worth of Soybean Oil on a given historical date. On October 25, 2024 Soybean was worth 44.33 at the beginning of the trading date compared to the closed value of 44.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Soybean Oil commodity. Still, in general, we apply an absolute valuation method to find Soybean Oil'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 Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Soybean Oil's related companies.
| Open | High | Low | Close | Volume | |
| 43.40 | 45.10 | 43.38 | 44.33 | 84,639 | |
10/25/2024 | 44.33 | 44.77 | 43.81 | 44.15 | 59,481 |
| 43.74 | 43.75 | 42.47 | 42.69 | 88,193 |
| Backtest Soybean Oil | | | Soybean Oil History | Previous | Next |
Soybean Oil Trading Date Momentum on October 25, 2024
| On October 28 2024 Soybean Oil Futures was traded for 42.69 at the closing time. The highest daily price throughout the period was 43.75 and the lowest price was 42.47 . The daily volume was 88.2 K. The net trading volume on 10/28/2024 added to the next day price reduction. The trading date delta to closing price of the next trading day was 3.31% . The trading price change to current closing price is 5.53% . |
Price Boundaries
Soybean Oil Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Soybean Oil 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 Oil December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Soybean Oil 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 Oil shares will generate the highest return on investment. By undertsting and applying Soybean Oil commodity market strength indicators, traders can identify Soybean Oil Futures entry and exit signals to maximize returns
Soybean Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Soybean Oil'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.