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Both lenses score −3 to +3, in different senses: on Market Lens, +3 is strongly supportive conditions; on Valuation Lens, +3 is very cheap against modeled fair value.
Market Lens
- Trend
- Sideways
- Volatility
- Normal
- Vs trend
- Near trend
Metals asset-class score
-1.2
Cautious
Copper is the only constituent not in a downtrend, sideways above its long-term average, and edged higher on 16 October. Its strongest related force is China's strong trade data, set against the Escondida labour deal and rising Chinese inventories.
Full evidence →Valuation Lens
—Unavailable
- Median fair value
- —market = 100
- 1y modeled return
- —
Copper futures exposure; inventories and marginal cost were not researched; not modeled separately.
Full distribution →Risk profile
- Annualised volatility
- 26.8%
- Max drawdown
- -34.7%
- 5y return (CAGR)
- 6.5%
SatellitePortfolio eligible
Realized statistics from five years of monthly total returns. Historical risk is context, not a forecast.
Technical
Supporting and opposing conditions
Supportive
- Only constituent not in a downtrend
- Widest two-hundred-day premium in the class
Opposing
- Five-day change of -2.01%