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Commodity Price Indices
A commodity price index is a fixed-weight index or (weighted) average of selected commodity prices, which may be based on spot or futures prices. It is designed to be representative of the broad commodity asset class or a specific subset of commodities, such as energy or metals. It is an index that tracks a basket of commodities to measure their performance. These indexes are often traded on exchanges, allowing investors to gain easier access to commodities without having to enter the futures market. The value of these indexes fluctuates based on their underlying commodities, and this value can be traded on an exchange in much the same way as stock index futures. Investors can choose to obtain a passive exposure to these commodity price indices through a total return swap or a commodity index fund. The advantages of a passive commodity index exposure include negative correlation with other asset classes such as equities and bonds, as well as protection against inflation. The disadvan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank Liquid Commodity Index
The Deutsche Bank Liquid Commodity Index (DBLCI) was launched in February 2003. It tracks the performance of six commodities in the energy, precious metals, industrial metals and grain sectors. The DBLCI has constant weightings for each of the six commodities and the index is rebalanced annually in the first week of November. Consequently, the weights fluctuate during the year according to the price movement of the underlying commodity futures. Rolling methodology Energy contracts are rolled monthly, all other commodity futures contracts are rolled annually. This rolling procedure was adopted given the historical tendency for energy curves to be in backwardation and metal and agricultural forward curves to be in contango. Futures contracts rolling takes place between the second and sixth business day of the month. The DBLCI is quoted in both total returns and excess returns terms in US dollars as well as a variety of major currencies. Characteristics * Six commodities: WTI cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Index Fund
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or service avail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's Commodity Index
The Standard & Poor's Commodity Index (SPCI) is a commodity price index that measures the price changes in a cross section of agricultural and industrial commodities with actively traded U.S. futures contracts, stretching across five sectors - Energy, Metals, Grains, Livestock, and Fibers & Softs. Only commodities that are consumed for industrial use are included in the index. Weights in the index are determined by the dollar value of Commercial Open Interest (COI) for each component commodity, and rebalanced annually each February. Effective January 31, 2008 Standard & Poor's discontinued calculation and publication of the S&P Commodity Index Series. Components and weightings (as of 2006) *Natural Gas (17.66%) *Unleaded Gas (12.16%) *Heating Oil (12.13%) *Crude Oil (11.41%) *Wheat (5.15%) *Live Cattle (4.87%) *Corn (4.48%) *Coffee (3.88%) *Soybeans (3.84%) *Sugar (3.80%) *Silver (3.67%) *Copper (3.39%) *Cotton (3.22%) *Soybean Oil (2.98%) *Cocoa (2.79%) *Soybean Meal (2.57%) *Lea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dow Jones Futures Index Of 1933
Dow or DOW may refer to: Business * Dow Jones Industrial Average, or simply the Dow, a stock market index * Dow Inc., an American commodity chemical company ** Dow Chemical Company, a subsidiary, an American multinational chemical corporation * Dow Breweries, a former Canadian brewing company Ethnicities and languages * Dow people, an ethnic group of Brazil * Dow language *dow, the ISO 639-3 code for the Doyayo language of Cameroon Places * County Down, Northern Ireland, Chapman code DOW * Dow, Illinois, U.S. * Dow City, Iowa, U.S. * Dow, Kentucky, U.S. * Dow Village (other), two places in Trinidad and Tobago * Downingtown station, Pennsylvania, U.S., Amtrak station code DOW * Dow Nunatak, Antarctica * Dow Peak, Antarctica Other uses * Dow (surname), including a list of people with the name * Dow Finsterwald (born 1929), American golfer * Dow process, a method of bromine extraction * Dow Tennis Classic, an ITF Women's Circuit tennis tournament * Dow University of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commin Commodity Index
COMMIN, from COMmon MINdscapes, is an EU-financed project concerned with spatial development in the Baltic Sea Region. Its goal is to interconnect the countries on the Baltic Sea — Germany, Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ..., Denmark, Sweden, Finland, Lithuania, Latvia, Estonia, and Russia — as well as Norway and Belarus, in their goal to achieve an international basis in spatial development. The project has 28 partners from 11 countries, including universities, government departments, and private companies, and is coordinated by the Academy for Spatial Research and Planning (ARL) in Hanover, Germany. The project runs from September 2004 until August 2007. In order to reach this goal, the project members have created an on-line glossary of the most impor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UBS Bloomberg Constant Maturity Commodity Index
UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the List of largest banks, largest Swiss banking institution and the Private banking, largest private bank in the world. UBS client services are known for their strict bank–client confidentiality and culture of #Banking secrecy, banking secrecy. Because of the bank's large positions in the Americas, Europe, the Middle East and Africa, EMEA, and Asia-Pacific, Asia Pacific markets, the Financial Stability Board considers it a Systemically important financial institution, global systemically important bank. Apart from private banking, UBS provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients with international service. UBS manages the largest amount of private weal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rogers International Commodity Index
The Rogers International Commodity Index (RICI) is a broad index of commodity futures designed by Jim Rogers in 1996/1997. The first fund tracking the index began on July 31, 1998. Overview The index was designed to meet the need for consistent investing in commodities through a broad-based international vehicle. The index tracks 38 commodity In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ... futures contracts from 13 international exchanges. The list of commodities is subject to change by the RICI Committee. In general, a commodity will be considered fit to be included in the index if it plays a significant role in worldwide (developed and developing countries) consumption. If one particular commodity is being traded on more than one international exchange, the most liquid contra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refinitiv/CoreCommodity CRB Index
The Refinitiv/CoreCommodity CRB Index (RF/CC CRB) is a commodity futures price index. It was first calculated by Commodity Research Bureau, Inc. in 1957 and made its inaugural appearance in the 1958 CRB Commodity Year Book. The Index was originally composed of 28 commodities, 26 of which were traded on exchanges in the U.S. and Canada, and two cash markets. It included barley and flaxseed from the Winnipeg exchange; cocoa, coffee "B", copper, cotton, cottonseed oil, grease wool, hides, lead, potatoes, rubber, sugar #4, sugar #6, wool tops and zinc from New York exchanges; and corn, eggs, lard, oats, onions, rye, soybeans, soybean meal, soybean oil and wheat from Chicago exchanges. In addition to those 26 markets, the Index also included the spot New Orleans cotton and Minneapolis wheat markets which were added to balance some commodities repeated in the Index as by-products of other commodities. The original base period was 1947-49, the same as the Bureau of Labor Statistics S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refinitiv Equal Weight Commodity Index
The Refinitiv Equal Weight Commodity Index (formerly known as the Continuous Commodity Index) is a major US barometer of commodity prices. The index comprises 17 commodity futures that are continuously rebalanced: cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, live cattle, live hogs, natural gas, orange juice, platinum, silver, soybeans, Sugar No. 11, and wheat. History The CCI stems from the original CRB Index, created in 1957. It is a ‘snapshot’ of the index at its 9th revision in 1995, before it underwent weighting and rebalance changes in the 10th revision. It is sometimes referred to as the ‘Old CRB’. The 17 components of the CCI are continuously rebalanced to maintain the equal weight of 5.88%. Since CCI components are equally weighted, they therefore distribute evenly into the major sectors: Energy 17.65%, Metals 23.53%, Softs 29.41% and Agriculture 29.41%. While other commodity indices may overweight in certain sectors (e.g. Energy), the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NCDEX Commodity Index
The NCDEX Commodity Index is an equal-weighted spot price index of 10 agricultural commodities covering different goods such as oils and oilseeds, fibres, etc. It is the first such index to be launched in India. Based on the components of the spot price index, NCDEX also displays the national index futures- essentially, the no-arbitrage In economics and finance, arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between the ... price if one were to buy futures on the spot index. This price is derived by tracking the futures prices of the index components at the same weightage as the spot index. Currently, index futures are not allowed in India under the ''FCRA'' (''Forward Contracts Regulation Act'', 1952), which requires compulsory physical settlement of futures contracts. {{econ-stub Commodity price indices ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P GSCI
The S&P GSCI (formerly the Goldman Sachs Commodity Index) serves as a benchmark for investment in the commodity markets and as a measure of commodity performance over time. It is a tradable index that is readily available to market participants of the Chicago Mercantile Exchange. The index was originally developed in 1991, by Goldman Sachs. In 2007, ownership transferred to Standard & Poor's, who currently own and publish it. Futures of the S&P GSCI use a multiple of 250. The index contains a much higher exposure to energy than other commodity price indices such as the Dow Jones-UBS Commodity Index. Index composition The S&P GSCI contains as many commodities as possible, with rules excluding certain commodities to maintain liquidity and investability in the underlying futures markets. The index currently comprises 24 commodities from all commodity sectors - energy products, industrial metals, agricultural products, livestock products and precious metals. The wide range of constitue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
