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Abhoy Sarkar's Avatar
published in Blogs
Dec 18, 2020

CME (CME, $183.11) to introduce ether futures contract

CME Group Inc. is  set to introduce a futures contract on the cryptocurrency ether in February 2021. The inclusion will be subject to regulatory approval.

The proposed contract will be cash-settled.

Amid the success of Bitcoin futures and options, CME Group will add Ether futures to its cryptocurrency risk-management solutions. This is expected to offer the clients a tool to trade and hedge this digital currency.

In January 2020, CME launched bitcoin options and options on SOFR.

Related Ticker: CME

Aroon Indicator for CME shows an upward move is likely

CME's Aroon Indicator triggered a bullish signal on February 26, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 220 similar instances where the Aroon Indicator showed a similar pattern. In of the 220 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 12, 2024. You may want to consider a long position or call options on CME as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CME just turned positive on January 19, 2024. Looking at past instances where CME's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

CME moved above its 50-day moving average on February 12, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CME crossed bullishly above the 50-day moving average on February 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CME advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CME broke above its upper Bollinger Band on February 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.954) is normal, around the industry mean (5.595). P/E Ratio (24.767) is within average values for comparable stocks, (36.713). CME's Projected Growth (PEG Ratio) (4.891) is slightly higher than the industry average of (2.547). Dividend Yield (0.039) settles around the average of (0.037) among similar stocks. P/S Ratio (14.144) is also within normal values, averaging (98.893).

Notable companies

The most notable companies in this group are Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Charles Schwab Corp (The) (NYSE:SCHW), CME Group (NASDAQ:CME).

Industry description

These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.

Market Cap

The average market capitalization across the Investment Banks/Brokers Industry is 10.29B. The market cap for tickers in the group ranges from 13 to 928.5B. PKRSF holds the highest valuation in this group at 928.5B. The lowest valued company is BFCH at 13.

High and low price notable news

The average weekly price growth across all stocks in the Investment Banks/Brokers Industry was 0%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 23%. BKBLF experienced the highest price growth at 133%, while LNTO experienced the biggest fall at -56%.

Volume

The average weekly volume growth across all stocks in the Investment Banks/Brokers Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was 34%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 64
Price Growth Rating: 49
SMR Rating: 70
Profit Risk Rating: 72
Seasonality Score: -28 (-100 ... +100)
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CMEDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operator of securities and commodity exchanges

Industry InvestmentBanksBrokers

Profile
Fundamentals
Details
Industry
Investment Banks Or Brokers
Address
20 South Wacker Drive
Phone
+1 312 930-1000
Employees
3460
Web
https://www.cmegroup.com
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CME and

Correlation & Price change

A.I.dvisor indicates that over the last year, CME has been loosely correlated with ICE. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if CME jumps, then ICE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CME
1D Price
Change %
CME100%
+0.68%
ICE - CME
45%
Loosely correlated
-0.34%
CBOE - CME
41%
Loosely correlated
-0.29%
TW - CME
39%
Loosely correlated
+0.11%
NDAQ - CME
38%
Loosely correlated
-0.81%
MCO - CME
28%
Poorly correlated
-1.44%
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