Instrument Summary

VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversified exposure to the agribusiness sector.

ΣL Cycle Summary

A regulation move in the up leg here for MOO and the coherent periodic component around 80 days. Price is currently forming a peak of the wave and due to trough toward the end of January, 2024.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Buy - MOO 7th November 2023
Entry: 7th November 2023 @ 73.2
Exit: 15th December 2023 @ 76.2
Gain: 4.1%

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 79.19 Days
Completed Iterations: 10
Component Yield Over Sample: 81.23% - learn more

Time Frequency Analysis

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ΣL Cycle Summary

Essentially this cycle, likely completed recently with a candidate for the low in place, has gone sideways. Part of a wider consolidation pattern for over a year, it will be interesting to see whether we get a return of some power in the next uptrend of this wave, due to peak toward the end of January 2024.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Sell - ΣL WisdomTree Agriculture Composite 29th August 2023
Entry: 29th August, 2023
Exit: 17th November, 2023

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
AIGA (2.10%)
AGAP (0.09%)

Composite Average Gain:
1.10%

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: C - learn more
Average Wavelength: 164.27 Days
Completed Iterations: 10

Time Frequency Analysis

Read more

Instrument Summary

VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversified exposure to the agribusiness sector.

ΣL Cycle Summary

Although not as dominant as the excellent wave around 78 days in this agribusiness ETF from VanEck, this wave is well synchronised (~ 1:2 harmonic ratio) with the aforementioned shorter component and is due a trough. It has also, within the last 4-5 iterations, become more apparent as the underlying trend has been generally flat to bearish over the period. The cycle peak of the component is expected late January 2024, at the current wavelength (+- FM).

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 160.89 Days
Completed Iterations: 10
Component Yield Over Sample: 104.97% - learn more

Time Frequency Analysis

Read more

Instrument Summary

VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversified exposure to the agribusiness sector.

ΣL Cycle Summary

Excellent example of the 80 day wave here in this agriculture focused ETF with a generally stationary profile, shown below in the time frequency analysis. Likely to have troughed recently, the next cycle peak is due mid December according to the latest phasing. In the last report we caught the last of the down-leg with a late sell. At this juncture, if we are locked in to the correct timing, the forthcoming up-leg of this component should yield more. This should also be a trough of the next larger component, around 160 days, also shown below for subscribers and which we cover in isolation on the site, given it’s favourable characteristics.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Late Sell - VanEck Agribusiness ETF 9th October 2023
Entry: 9th October 2023 @ 76.94
Exit: 6th November 2023 @ 74.13
Gain: 3.65%

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 78.28 Days
Completed Iterations: 12
Component Yield Over Sample: 89.24% - learn more

Time Frequency Analysis

Read more

ΣL Cycle Summary

Here the component at around 40 days is influencing price quite considerably in the last few iterations, so we have included it below for your interest. The component of focus in this analysis, at around 78 days, is due to trough soon, the last down-leg of the component being mildly modulated upward via the still bullish underlying trend…

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ΣL Cycle Summary

The most recent upswing of this frequency stationary component in wheat futures has been sideways and lacklustre, troughing back in early September. Amplitude has been fading too over the last few cycle iterations but it is still excellent in terms of it’s frequency stability. Coming in at around 100 days, it has been a feature of the ti…

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VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversi…

Read more

Price in sugar futures looks to have peaked from the prominent component around 75 days average wavelength, the cycle has turned down too. Next trough looks to be around the end of October / early November with some mild frequency modulation muddying the water somewhat. There is some power at the 40 day region (see time frequency below) worth …

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The iShares Global Timber & Forestry ETF is an investment vehicle designed to mirror the performance of a global index comprising companies operating in the timber and forestry sector. It offers investors exposure to a diversified portfolio of forestry-related stocks. Notable constituents of this ETF include industry leaders like Weyer…

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The Invesco DB Agriculture Fund is an investment vehicle designed to provide exposure to the agriculture sector by tracking the DBIQ Diversified Agriculture Index. This index consists of a diversified basket of agricultural commodities, encompassing a wide range of constituents, including staple crops like corn, wheat, and soybeans, as…

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See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Early Sell - Sugar (SB) 17th July 2023
Entry: 17th July 2023 @ 23.79
Exit: 1st September 2023 @ 25.81
Gain: - 8.49%

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Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 100.44 Days
Completed Iterations: 12

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Current Signal Detail & Targets

Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).

Phase: Troughing / Troughed
FM: +- 1 Day
AM: 18.85908
Next Trough Range: 11th September - 13th September, 2023
Next Peak Range: 31st October - 2nd November, 2023

Sigma-L Recommendation: Buy
Time Target: ~ 1st November, 2023

Current Signal Phase

This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.

Current Signal Frequency Modulation (FM)

This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.

Current Signal Amplitude Modulation (AM)

This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.

DISCLAIMER: This website/newsletter and the charts/projections contained within it are intended for educational purposes only. Results and projections are hypothetical. We accept no liability for any losses incurred as a result of assertions made due to the information contained within Sigma-L. This report is not intended to instruct investment or purchase of any financial instrument, derivative or asset connected to the information conveyed in the report. Trade and invest at your own risk.

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Early Buy - ΣL WisdomTree Agriculture Composite 24th May 2023
Entry: 24th May 2023
Exit: 29th August 2023

For a composite analysis, each consti…

Read more

VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversi…

Read more

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument. For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Type: Buy - Sugar (SB) 9th June 2023

Read more

VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversi…

Read more

Defining characteristics of the component detected over the sample period.

Detected Signal Class: C - learn more
Average Wavelength: 278.06 Days
Completed Iterations: 11

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Current Signal Detail & Targets

Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).

Phase: Hard Up
FM: +- 36 Days
AM: 1.64189
Next Trough Range: January 11th - March 23rd, 2024
Next Peak Range: August 29th - November 9th, 2023

Sigma-L Recommendation: Late Buy
Time Target: ~ 4th October, 2023

Current Signal Phase

This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.

Current Signal Frequency Modulation (FM)

This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.

Current Signal Amplitude Modulation (AM)

This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.

DISCLAIMER: This website/newsletter and the charts/projections contained within it are intended for educational purposes only. Results and projections are hypothetical. We accept no liability for any losses incurred as a result of assertions made due to the information contained within Sigma-L. This report is not intended to instruct investment or purchase of any financial instrument, derivative or asset connected to the information conveyed in the report. Trade and invest at your own risk.

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 77.3 Days
Completed Iterations: 9

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the…

Read more

Defining characteristics of the component detected over the sample period.

Detected Signal Class: C - learn more
Average Wavelength: 208.66 Days
Completed Iterations: 9

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Read more

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 78.75 Days
Completed Iterations: 9

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of t…

Read more