Signal Observatory // Monitoring Station

Baltic Dry Shipping

baltic-dry // USD

normaldrift (12w)
AI Interpretation

The Baltic Dry Shipping ETF (BDRY) is trading at 10.02 USD, below its expected value of 10.95 USD, signaling moderately weaker demand for shipping services and suggesting softer global cargo movement. This underperformance coincides with a longer-term downward drift—the index has drifted below its typical range over weeks or months—which reflects sustained weakness in international trade activity rather than a temporary fluctuation. In practical terms, lower shipping costs and reduced freight demand often precede slower economic growth, though they can also reflect improved port efficiency or seasonal patterns; current pricing suggests shippers are moving less cargo globally than historical norms would predict.

Baltic Dry shipping ETF (BDRY) — global supply chain stress via Yahoo Finance

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4-Week Baseline
Score
-0.9
Expected
$11 USD
Current
$10 USD
Band: $9 USD$13 USD
12-Week Baseline
Score
-1.8
Expected
$11 USD
Current
$10 USD
Band: $10 USD$13 USD
Updated 75d ago
Recent Values
4w 12w
Scroll to zoom
Mar 2026
Event Timeline
75d ago·driftnormal

BDRY has retreated to 10.02 USD, now 8.4% below the expected 10.951 USD with a short-term score of -0.87, shifting from drift to normal status but remaining within both trading bands. The longer-term drift concern persists at -1.76 score, suggesting underlying supply chain weakness despite the short-term stabilization, with the price holding above the long-term support of 9.83 USD.

Value: $10 USDExpected: $11 USD
-0.9
75d ago·normaldrift

Baltic Dry shipping ETF at $10.07, drifting below normal shipping rates

Value: $10 USDExpected: $11 USD
-2.8
75d ago·driftnormal

Baltic Dry shipping ETF at $10.04, supply chain activity within normal range

Value: $10 USDExpected: $11 USD
-0.8
75d ago·normaldrift

Baltic Dry shipping ETF at $10.07, drifting below normal shipping rates

Value: $10 USDExpected: $11 USD
-2.2
75d ago·anomalynormal

Baltic Dry shipping ETF at $10.11, supply chain activity within normal range

Value: $10 USDExpected: $11 USD
-0.9
75d ago·driftanomaly

BDRY has deteriorated from drift to anomaly status, trading at 10.049 USD well below the short-term band (11.00–12.36 USD) with a score of -4.78, suggesting acute supply chain weakness despite remaining within the wider long-term band (9.97–12.82 USD). The substantial gap to expected value of 11.68 USD indicates shipping costs have compressed more sharply than the underlying trend would suggest, potentially signaling near-term deflationary logistics conditions or demand softening.

Value: $10 USDExpected: $12 USD
-4.8
76d ago·normaldrift

Baltic Dry shipping ETF at $10.70, drifting below normal shipping rates

Value: $11 USDExpected: $12 USD
-1.6
76d ago·driftnormal

Baltic Dry shipping ETF at $10.68, supply chain activity within normal range

Value: $11 USDExpected: $11 USD
-0.6
76d ago·normaldrift

Baltic Dry shipping ETF at $10.69, drifting below normal shipping rates

Value: $11 USDExpected: $12 USD
-1.8
78d ago·driftnormal

BDRY declined to 10.795 USD from expected 11.26, crossing into the lower half of its short-term range (9.37-13.15) with a -0.49 score, though remaining within long-term bounds (10.18-12.77). The signal transitioned from drift to normal status, suggesting stabilization despite underperformance versus expectations, indicating moderating supply chain stress without acute deterioration.

Value: $11 USDExpected: $11 USD
-0.5
81d ago·normaldrift

Baltic Dry shipping ETF at $10.49, drifting below normal shipping rates

Value: $10 USDExpected: $12 USD
-1.5
81d ago·anomalynormal

BDRY recovered from anomaly status to normal as the price stabilized at 10.64 USD, sitting within both short-term (9.28-13.02) and long-term (10.30-12.68) bands, though it remains 4.6% below the 11.15 USD expectation with a weak -0.55 score suggesting modest supply chain stress persists.

Value: $11 USDExpected: $11 USD
-0.5
82d ago·driftanomaly

Baltic Dry shipping ETF at $10.33 — 10.8% below expected, significant supply chain signal

Value: $10 USDExpected: $12 USD
-5.1
82d ago·anomalydrift

Baltic Dry shipping ETF at $10.34, drifting below normal shipping rates

Value: $10 USDExpected: $11 USD
-2.2
82d ago·driftanomaly

Baltic Dry shipping ETF at $10.39 — 10.0% below expected, significant supply chain signal

Value: $10 USDExpected: $12 USD
-3.8
82d ago·normaldrift

Baltic Dry shipping ETF at $10.31, drifting below normal shipping rates

Value: $10 USDExpected: $11 USD
-2.5
82d ago·driftnormal

Baltic Dry shipping ETF at $10.41, supply chain activity within normal range

Value: $10 USDExpected: $11 USD
-1.2
82d ago·anomalydrift

Baltic Dry shipping ETF at $10.43, drifting below normal shipping rates

Value: $10 USDExpected: $12 USD
-2.4
83d ago·driftanomaly

Baltic Dry shipping ETF at $10.75 — 8.3% below expected, significant supply chain signal

Value: $11 USDExpected: $12 USD
-4.2
83d ago·anomalydrift

BDRY has retreated to 10.73 USD, falling below its short-term band floor of 11.02 USD and scoring -2.97, marking a shift from anomaly to short-term drift while maintaining normal long-term status (-1.39). The gap versus expected value of 11.61 USD suggests modest supply chain softness, though the asset remains well within its longer-term range of 10.39–12.59 USD.

Value: $11 USDExpected: $12 USD
-3.0
83d ago·driftanomaly

Baltic Dry shipping ETF at $10.53 — 9.7% below expected, significant supply chain signal

Value: $11 USDExpected: $12 USD
-4.5
84d ago·anomalydrift

Baltic Dry shipping ETF at $9.96, drifting below normal shipping rates

Value: $10 USDExpected: $12 USD
-2.8
84d ago·driftanomaly

BDRY has shifted from drift into a short-term anomaly, trading at 10 USD versus an expected 11.63 USD with a score of -3.01, indicating meaningful downside deviation from both short-term (10.55–12.71) and long-term (10.56–12.52) bands. The persistent negative score (-3.15 long-term) suggests sustained supply chain weakness or shipping demand deterioration below model expectations.

Value: $10 USDExpected: $12 USD
-3.0
85d ago·anomalydrift

Baltic Dry shipping ETF at $10.20, drifting below normal shipping rates

Value: $10 USDExpected: $12 USD
-1.9
88d ago·driftanomaly

Baltic Dry shipping ETF at $10.44 — 10.7% below expected, significant supply chain signal

Value: $10 USDExpected: $12 USD
-3.3
88d ago·anomalydrift

Baltic Dry shipping ETF at $10.45, drifting below normal shipping rates

Value: $10 USDExpected: $12 USD
-3.0
88d ago·normalanomaly

BDRY has dropped into anomaly territory at 10 USD, trading 13.4% below the 11.555 USD expected level with a concerning -4.66 score, signaling elevated global supply chain stress. Both short-term and long-term bands show the price has broken below normal ranges (10.89–12.22 and 10.93–12.38 respectively), marking a transition from normal conditions to sustained dysfunction in shipping demand.

Value: $10 USDExpected: $12 USD
-4.7
91d ago·driftnormal

Baltic Dry shipping ETF at $12.41, supply chain activity within normal range

Value: $12 USDExpected: $12 USD
+1.2
91d ago·normaldrift

BDRY has drifted above its long-term band (10.95-12.36 USD), trading at 12.51 USD with a score of 1.53, suggesting shipping costs are rising faster than the model expects, signaling potential supply chain tightening. The shift from normal status to drift indicates shipping demand or vessel scarcity pressures are building, though the signal remains moderate rather than critical.

Value: $13 USDExpected: $12 USD
+1.5
91d ago·driftnormal

Baltic Dry shipping ETF at $12.31, supply chain activity within normal range

Value: $12 USDExpected: $12 USD
+1.3
91d ago·normaldrift

Baltic Dry shipping ETF at $12.45, drifting above normal shipping rates

Value: $12 USDExpected: $12 USD
+2.0
106d ago·driftnormal

BDRY recovered from drift status, trading at 11.49 USD within normal parameters on both short and long-term bands (10.59–11.65), with a modest positive deviation of 0.37 USD above the 11.12 expected level and a score of 1.39 indicating stable supply chain conditions. The signal remains neutral with no significant directional momentum evident in the current readings.

Value: $11 USDExpected: $11 USD
+1.4
109d ago·normaldrift

BDRY drifted above its expected value of 11.12 USD to 11.546 USD with a modest positive score of 1.60, remaining within both short and long-term bands of 10.59-11.65 USD. This represents a minor shift from normal status, suggesting slight upward pressure in global shipping costs but no material supply chain stress signal yet.

Value: $12 USDExpected: $11 USD
+1.6
109d ago·driftnormal

BDRY recovered from drift status to normal, trading at 11.48 USD slightly above the 11.03 USD expectation with a score of 1.41, remaining comfortably within its 10.39-11.67 USD band across both timeframes. The signal suggests stabilizing supply chain conditions after the previous downward drift.

Value: $11 USDExpected: $11 USD
+1.4
109d ago·normaldrift

BDRY drifted above its expected level of 10.98 USD to 11.45 USD with a weak score of 1.81, placing it at the upper edge of its 10.46–11.50 USD band, signaling modest supply chain tightness that warrants monitoring but lacks conviction for a strong directional move.

Value: $11 USDExpected: $11 USD
+1.8
110d ago·driftnormal

BDRY recovered to 11.19 USD, moving above the expected 10.95 USD level and stabilizing within normal bands (10.45–11.45 USD), with score climbing to 0.95 from prior drift status. The signal indicates global supply chain stress has normalized on both timeframes with no material divergence between short and long-term parameters.

Value: $11 USDExpected: $11 USD
+1.0
110d ago·normaldrift

BDRY drifted above its expected value of 10.95 USD to 11.34 USD, triggering a drift signal (score 1.55) in both short and long-term timeframes while remaining within its 10.45–11.45 USD band. The transition from normal to drift suggests modest upward pressure on shipping costs, indicating a slight tightening in global supply chain conditions, though the signal remains relatively weak and contained within established ranges.

Value: $11 USDExpected: $11 USD
+1.5
110d ago·driftnormal

BDRY recovered to 11.30 USD, moving above the expected 10.95 USD and re-entering normal status across both timeframes with a low score of 1.39, indicating stabilization within the 10.45–11.45 USD band after a previous drift signal. The transition reflects easing global supply chain stress in the shipping sector.

Value: $11 USDExpected: $11 USD
+1.4
111d ago·normaldrift

BDRY has drifted above its expected value of 10.95 USD to 11.528 USD, breaching the upper boundary of both short and long-term bands (10.51–11.39 USD) with a modest score of 2.64, signaling modest supply chain tightening. The transition from normal to drift status reflects emerging pressure in global shipping costs, though the low score suggests this remains within manageable range.

Value: $12 USDExpected: $11 USD
+2.6
113d ago·driftnormal

BDRY recovered from drift status to normal at 10.74 USD, trading slightly above the 10.65 USD expectation with a neutral 0.42 score, indicating stable positioning within the 10.22–11.08 USD band with no meaningful momentum shift in either direction.

Value: $11 USDExpected: $11 USD
+0.4
113d ago·normaldrift

BDRY drifted above its 10.22-11.08 USD band to 11 USD (score 1.64), signaling emerging supply chain stress despite remaining near the short and long-term band ceiling. The shift from normal status indicates early tightening in global shipping capacity, though the move is modest and bands remain identical across timeframes.

Value: $11 USDExpected: $11 USD
+1.6