Us Commodity Funds Etf Profile
US Commodity is selling at 33.21 as of the 28th of November 2024; that is 6.82 percent down since the beginning of the trading day. The etf's lowest day price was 33.21. Equity ratings for US Commodity Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
ALUM Etf Highlights
| Old Name | USCF ETF Trust |
| Business Concentration | Commodities Focused, Global X Funds (View all Sectors) |
| Issuer | US Commodity Funds |
| Inception Date | 2023-10-06 |
| Entity Type | Regulated Investment Company |
| Asset Type | Commodities |
| Category | Industrial Metals |
| Focus | Aluminum |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | USCF Advisers, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Andy Ngim, Darius Coby, Seth Lancaster |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Total Expense | 0.65 |
| Management Fee | 0.65 |
| Country Name | USA |
| Code | ALUM |
| Updated At | 18th of October 2024 |
| Returns Y T D | 5.73 |
| Name | USCF ETF Trust |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01JLXL310 |
| Type | ETF |
US Commodity Funds [ALUM] is traded in USA and was established January 4, 2011. The fund is listed under Commodities Focused category and is part of Global X Funds family. This fund presently have 2.26 M in assets under management (AUM). US Commodity Funds is currently generating year-to-date return of -0.96% with the current yeild of 1.16%, while the total return for the last year was 15.0%.
Check US Commodity Probability Of Bankruptcy
US Commodity Funds Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in US Commodity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 1.73 | |||
| Semi Deviation | 1.78 | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.29 |
US Commodity Against Markets
US Commodity Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with US Commodity etf to make a market-neutral strategy. Peer analysis of US Commodity could also be used in its relative valuation, which is a method of valuing US Commodity by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of US Commodity Funds is measured differently than its book value, which is the value of ALUM that is recorded on the company's balance sheet. Investors also form their own opinion of US Commodity's value that differs from its market value or its book value, called intrinsic value, which is US Commodity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US Commodity's market value can be influenced by many factors that don't directly affect US Commodity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US Commodity's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Commodity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Commodity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.