Heat Oil Index Price on January 10, 2023
| BCOMHO Index | 572.08 0.36 0.06% |
Below is the normalized historical share price chart for Heat Oil extending back to July 25, 2001. 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 Heat Oil stands at 572.08, as last reported on the 17th of April 2024, with the highest price reaching 576.12 and the lowest price hitting 566.90 during the day.
If you're considering investing in Heat Index, it is important to understand the factors that can impact its price. Heat Oil holds Efficiency (Sharpe) Ratio of 0.0891, which attests that the entity had a 0.0891% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Heat Oil, which you can use to evaluate the volatility of the entity. Heat Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.0891
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | BCOMHO | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Heat Oil is performing at about 6% 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 Heat Oil by adding it to a well-diversified portfolio.
Heat Oil Valuation on January 10, 2023
It is possible to determine the worth of Heat Oil on a given historical date. On January 10, 2023 Heat was worth 471.49 at the beginning of the trading date compared to the closed value of 484.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heat Oil index. Still, in general, we apply an absolute valuation method to find Heat 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 Heat Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heat Oil's related companies.
| Open | High | Low | Close | Volume | |
| 474.63 | 485.11 | 469.86 | 474.76 | 1.00 | |
01/10/2023 | 471.49 | 487.58 | 470.42 | 484.35 | 1.00 |
| 479.72 | 500.39 | 479.25 | 497.84 | 1.00 |
| Backtest Heat Oil | | | Heat Oil History | Previous | Next |
Heat Oil Trading Date Momentum on January 10, 2023
| On January 11 2023 Heat Oil was traded for 497.84 at the closing time. The highest price during the trading period was 500.39 and the lowest recorded bid was listed for 479.25 . There was no trading activity during the period 1.0. Lack of trading volume on January 11, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 2.79% . The trading delta at closing time to the current price is 8.90% . |
Price Boundaries
Heat Oil Period Price Range
Low | January 10, 2023
| High |
471.49 | 484.35 |
Heat Oil April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Heat Oil index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heat Oil shares will generate the highest return on investment. By undertsting and applying Heat Oil index market strength indicators, traders can identify Heat Oil entry and exit signals to maximize returns
Heat Oil Technical Drivers
Heat Oil April 17, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heat Oil's price direction in advance. Along with the technical and fundamental analysis of Heat Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heat 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 | 0.0694 | |||
| Mean Deviation | 1.24 | |||
| Semi Deviation | 1.27 | |||
| Downside Deviation | 1.41 | |||
| Coefficient Of Variation | 992.7 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.39 | |||
| Information Ratio | 0.0631 | |||
| Total Risk Alpha | 0.0278 | |||
| Sortino Ratio | 0.069 | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.66 | |||
| Downside Variance | 2.0 | |||
| Semi Variance | 1.6 | |||
| Expected Short fall | (1.35) | |||
| Skewness | 0.2695 | |||
| Kurtosis | (0.38) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Heat Oil information on this page should be used as a complementary analysis to other Heat Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.