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$24.70
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
- Downtrend
- Volatility
- Normal
- Vs trend
- Near trend
Metals asset-class score
-1.2
Cautious
Base metals are in a downtrend near their long-term average, with the lowest volatility in the class, and gained on 16 October. Their strongest related force is stronger Chinese trade, offset by rising copper inventories in China.
Full evidence →Valuation Lens
—Unavailable
- Median fair value
- —market = 100
- 1y modeled return
- —
Aluminum, zinc and copper futures basket; not modeled separately.
Full distribution →Risk profile
- Annualised volatility
- 20.1%
- Max drawdown
- -35.0%
- 5y return (CAGR)
- 4.1%
SatellitePortfolio eligible
Realized statistics from five years of monthly total returns. Historical risk is context, not a forecast.
Technical
Supporting and opposing conditions
Supportive
- Lowest ATR in the class at 1.11%
Opposing
- Five-day change of -1.83%