VanEck Agribusiness ETF (MOO) - 7th November 2023 | @ 161 Days

'B' class signal detected in the VanEck Agribusiness ETF (MOO). Running at an average wavelength of 161 days over 10 iterations since October 2019. Currently troughing.

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.

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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).

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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