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I just read an article from the FT titled “Aluminium price slump ‘nearing a bottom’ as clean energy demand rises”.
Show me the performance of aluminum from 10 September 2021 onwards
Annualized Return: -11.215% Cumulative Return: -25.909% Max Drawdown: -46.188% Latest Drawdown: -44.806% Sharpe Ratio (0% RFR): -0.402 Volatility: 27.928% Return over the Last Day: 0.026% Return over the Last 5 Days: -0.514% Return over the Last 20 Days: -0.417%
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Give me the stats
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Do you think the article is right?
The FT article you mentioned suggests that the aluminum price slump is “nearing a bottom” due to rising clean energy demand. However, the historical data shows a rather bearish trend. This could potentially indicate a divergence between market sentiment and actual performance, which is often an area of interest for traders and investors.
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How is the price of aluminum related to clean energy demand?
Aluminum plays a key role in clean energy, from its use in wind turbines and solar panels to its potential in energy storage solutions like aluminum-air batteries. Its lightweight and recyclable nature make it attractive for these applications, although traditional production methods are energy-intensive. Economic factors, such as increased investment in clean energy and supportive government policies, can drive up both demand and price. Market speculation and geopolitical issues related to global sourcing can also impact price. Overall, the growing demand for clean energy could lead to increased use and cost of aluminum, but the relationship is complex due to various influencing factors.
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From the performance data, would you agree that aluminum prices are nearing a bottom?
From September 10, 2021, to September 5, 2023, aluminum futures showed a largely bearish trend with an annualized return of -11.251% and a cumulative return of -25.928%. The market experienced significant drawdowns, including a max drawdown of -46.188%. Despite a slight uptick in the last 5 days, the market remains volatile with a 27.956% volatility rate. While a Financial Times article suggests that prices may be “nearing a bottom” due to rising clean energy demand, this sentiment doesn’t necessarily align with the data. Factors like supply chain disruptions, geopolitical tensions, and market sentiment can rapidly influence prices and aren’t captured in historical data. A comprehensive analysis, including technical indicators, would be needed to accurately assess whether the market has reached its bottom.
We’ve given ChatGPT premium financial data and state-of-the-art reliable modelling. What do you want to ask it?
FAQ
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How can this be free?
It’s true, providing unlimited free access to premium financial data and hyper-accurate analysis is a bit mad. But at this early stage, we want to get feedback from the maximum number of people. Admittedly, it won’t be free forever — we’ll eventually introduce fees and you’ll need to create a SigTech account for that. You don’t need to worry about any of that for now though.
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What skills do I need?
Just an interest in finance! You don’t need to know any code, math, modeling, etc. Put your feet up and let the AI do the work.
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What financial data can the plugin access?
Currently we’re offering futures data of all kinds (equity index, commodity, FX, bond, interest rate, and volatility index) — going back as far as 2010. The data comes via our API. You can see the full range of available data in our API data catalog.
Next up: Economic indicators, individual equities, equity index options, sovereign bonds.
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Where is the data coming from?
SigTech has relationships with 25 premium data providers. All our data is meticulously cleaned, harmonized, pre-mapped, and validated. The data is fed to the SigTech plugin via the SigTech API.
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What financial modeling can the plugin do?
The SigTech plugin uses the SigTech API for all its calculations. Check out the API docs for all available API functionality. But note that these docs are intended for quants. For most users, it’s easiest just to look at our example prompts — we’ll be adding more here over time.
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How accurate is the plugin’s financial analysis?
Very. Ultra-precision is our bread and butter. It’s why institutional investors collectively managing $5 trillion choose our enterprise platform.
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What are some example prompts to get me started?
Glad you asked! There are so many possibilities it’s hard to know where to begin! Here’s a couple to get you started. We’ll add more in time.
I’d like to discuss this article: https://www.ft.com/content/f8f25e7c-152f-423c-b809-04d9411b449a. Show me the performance of gold futures since the 10th of January 2023.
I’d like to discuss this article: https://www.reuters.com/markets/us/funds-buy-cbot-corn-soybeans-amid-poor-finish-us-crop-2023-09-05/. Show me the following (from 10th August 2023 onwards):
— The performance of corn futures
— The performance of soybean futures
— The performance of an equal-weighted basket of corn and soybean futures
SigTech ChatGPT plugin
Use it now
Familiar with ChatGPT plugins?
Install it. Chat to it. No SigTech account needed.
New to ChatGPT plugins?
Get a ChatGPT account and upgrade it to Pro (only Pro accounts can use plugins).
In ChatGPT, select your username (located in the bottom-left), go to “Settings & Beta”, then “Beta features”, then enable Plugins.
Start a new chat, select the latest version of ChatGPT, click the dropdown menu at the top of the page, and select “plugin store”.
Search for “SigTech” and install the plugin.
In the ChatGPT new-chat interface, select the latest version of ChatGPT, click the dropdown menu at the top again, and enable the SigTech plugin.
Talk! (see our FAQ above if you want inspiration).