iShares MSCI Global Metals & Mining Producers ETF (PICK) - 9th November 2023 | @ 78 Days | + 3.03%

Last trade: + 3.03% | 'A' class signal detected in iShares MSCI Global Metals & Mining Producers ETF (PICK). Average wavelength of 78 days over 11 iterations since July 2021. Currently troughing

Instrument Summary

The iShares MSCI Global Metals & Mining Producers ETF is an exchange-traded fund that provides investors exposure to the global metals and mining industry. It tracks the MSCI ACWI Select Metals & Mining Producers Ex IMI Index and holds stocks from companies involved in metal extraction and production. Top holdings include BHP Group, Rio Tinto, Vale, Anglo American, and Glencore.

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ΣL Cycle Summary

An excellent example here in PICK with the component around 78 days very stationary in this sample of 11 iterations since mid 2021. Likely troughed slightly earlier than anticipated and now in a pullback via a shorter component. Due to peak from this component ( ~ 78 days) by the middle of December.

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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 - PICK 2nd October 2023
Entry: 2nd October 2023 @ 38.95
Exit: 9th November 2023 @ 37.77
Gain: 3.03%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 78.11 Days
Completed Iterations: 11
Component Yield Over Sample: 151.81% - learn more

Time Frequency Analysis