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Continue to do some work in the area of seasonality. To most it is probably note important. But I wanted to look and check if USO and CL seasonal pattern is similar after checking USO to XSP. All comments are welcome. My next move is to look at seasonality of different contract months in CL. A little more coding and I will be able to do this on the fly. My plan is to continue to look at different commodities and understand their respective price patterns. And all this goes back to the posts with Kevin regarding diversification.
They don't post it. I have a Watch List setup with the front month contract for each commodity I am watching. I have one column for margin.
On a spreadsheet I keep track of OX margin and SPAN margin (changes that I get from notices from the exchanges). I don't use my SPAN program to do this.
Every morning I compare this Watch List with my spreadsheet to see if anything changed.
Note: My system uses 2 digits for the symbol code. So CO is C, SS is S, WW is W. The symbols you don't recognize are dairy contracts.
OX is usually a couple of days late updating margin that shows on the Quote Detail and Watch List pages for margin changes from the exchanges. They do seem to be current when they change their own multiplier. Trade Calc is always current.
Thanks for the chart @BlueRoo . What does the scale (left side) represent? I'm curious as to why the S&P line is compressed (relative to the high and low of the chart area)--maybe I just can't see the rest of the chart to the right, but its scale appears to be off, compared to the others.
Thanks for the question Josh. I have normalized the prices of each asset. I do this by assigning a percentile calculation for each price in the period over the whole period in the study (here it is one year). This way the movements of each asset is directly comparable. In this chart the 3 year average for each asset is then just an average of the percentile. I then apply a 9 day smoothing average which is why the gap at the start of the chart.
So, the left axis is a percentile value where 1 is 100%. Price at this level is the average percentile for the period of the study.
The "compressed" as you say S&P line tells you that price range for the S&P was narrower in comparison to the price movements in the other assets in the study.
Hoping to continue to develop this further so all questions, comments and observations are welcome.