Leading indicators identified with Indicio
Forecasted variable: LME Copper Grade A Cash price, USD per metric tonne
| Indicator | Relevance |
|---|---|
| Google Trends: scrap copper price | ★★★ |
| Copper COMEX stocks total | ★★★ |
| LME aluminium stocks in warehouses | ★★★ |
| LME copper Hamburg warehouse stocks | ★★★ |
| LME copper Singapore warehouse stocks | ★★ |
| Google Trends: copper price | ★★ |
| LME copper Busan warehouse stocks | ★★ |
| Americas Datastream copper (equity indices) | ★ |
| COMEX high grade copper non-commercial spreading futures only | ★ |
| LME copper Rotterdam warehouse stocks | ★ |
| Copper Millberry delivery North West Europe (EUR per metric tonne) | ★ |
| LME aluminium Baltimore warehouse | – |
| LME North American special aluminium alloy Baltimore warehouse stocks | – |
| LME aluminium Bilbao warehouse stocks | – |
| Georgia exports, commodities, aluminium waste and scrap, USD | – |
| LME aluminium alloy Genoa warehouse | – |
Indicio captures the group effect of the leading indicators; the relevance ranking of each indicator changes over time.
Indicio captures the group effect of the leading indicators. The relevance ranking of each indicator changes over time.
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Google Trends: scrap copper price
Rising search interest in scrap copper prices suggests growing interest in copper's market value.
Copper COMEX stocks total
Tracking COMEX copper stocks helps assess the balance between supply and demand.
LME copper Hamburg warehouse stocks
Like COMEX stocks, LME Hamburg warehouse stocks reflect how much metal is available in the market.
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Customer success story
By moving from using the same 5 indicators to testing a large set of indicators, the company got immediate feedback on which indicators to use for each forecast, letting it track market trend shifts more frequently.