Bloomberg Commodity Index Price on November 22, 2024
| BCOM Index | 98.67 0.37 0.37% |
Below is the normalized historical share price chart for Bloomberg Commodity extending back to January 02, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bloomberg Commodity stands at 98.67, as last reported on the 15th of December 2024, with the highest price reaching 99.10 and the lowest price hitting 98.43 during the day.
If you're considering investing in Bloomberg Index, it is important to understand the factors that can impact its price. Bloomberg Commodity secures Sharpe Ratio (or Efficiency) of 0.0436, which signifies that the index had a 0.0436% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bloomberg Commodity, which you can use to evaluate the volatility of the entity. Bloomberg Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.0436
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BCOM |
Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Bloomberg Commodity is performing at about 3% 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 Bloomberg Commodity by adding it to a well-diversified portfolio.
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Bloomberg Commodity Valuation on November 22, 2024
It is possible to determine the worth of Bloomberg Commodity on a given historical date. On November 22, 2024 Bloomberg was worth 99.47 at the beginning of the trading date compared to the closed value of 98.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bloomberg Commodity index. Still, in general, we apply an absolute valuation method to find Bloomberg Commodity'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 Bloomberg Commodity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bloomberg Commodity's related companies.
| Open | High | Low | Close | Volume | |
| 98.67 | 99.58 | 98.61 | 98.91 | 1.00 | |
11/22/2024 | 99.47 | 99.56 | 98.42 | 98.97 | 1.00 |
| 99.67 | 99.68 | 98.10 | 98.17 | 1.00 |
| Backtest Bloomberg Commodity | | | Bloomberg Commodity History | Previous | Next |
Bloomberg Commodity Trading Date Momentum on November 22, 2024
| On November 25 2024 Bloomberg Commodity was traded for 98.17 at the closing time. The highest price during the trading period was 99.68 and the lowest recorded bid was listed for 98.10 . There was no trading activity during the period 1.0. Lack of trading volume on November 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.81% . The overall trading delta to the current price is 1.63% . |
Price Boundaries
Bloomberg Commodity Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Bloomberg Commodity cannot be verified against its exchange. Please verify the symbol is currently traded on INDX 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.
Bloomberg Commodity December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Bloomberg Commodity index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bloomberg Commodity shares will generate the highest return on investment. By undertsting and applying Bloomberg Commodity index market strength indicators, traders can identify Bloomberg Commodity entry and exit signals to maximize returns
Bloomberg Commodity Technical Drivers
Bloomberg Commodity December 15, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bloomberg Commodity's price direction in advance. Along with the technical and fundamental analysis of Bloomberg Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bloomberg 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.
| Risk Adjusted Performance | 0.0405 | |||
| Mean Deviation | 0.5664 | |||
| Semi Deviation | 0.8369 | |||
| Downside Deviation | 0.8794 | |||
| Coefficient Of Variation | 1803.73 | |||
| Standard Deviation | 0.7485 | |||
| Variance | 0.5603 | |||
| Information Ratio | (0.08) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.18 | |||
| Downside Variance | 0.7733 | |||
| Semi Variance | 0.7004 | |||
| Expected Short fall | (0.52) | |||
| Skewness | (0.49) | |||
| Kurtosis | 0.4004 |
| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |