Bank Of Montreal Etf Profile
Bank Of Montreal is selling for under 36.13 as of the 26th of November 2024; that is No Change since the beginning of the trading day. The etf's last reported lowest price was 36.13. Equity ratings for Bank Of Montreal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of December 2022 and ending today, the 26th of November 2024. Click here to learn more.
Bank Etf Highlights
Old Names | [MicroSectors US Big Banks Index 3X Leveraged, Multi Units Luxembourg - Lyxor S&P 500 Banks UCITS ETF] |
Business Concentration | Trading--Leveraged Equity, BMO Capital Markets (View all Sectors) |
Country Name | USA |
Returns Y T D | 48.68 |
Name | MicroSectors US Big Banks Index 3X Leveraged |
Currency Code | USD |
Open Figi | BBG00NS9YGW1 |
In Threey Volatility | 79.72 |
1y Volatility | 83.77 |
200 Day M A | 24.635 |
50 Day M A | 31.9492 |
Code | BNKU |
Updated At | 26th of July 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | 0.13 |
Type | ETF |
Bank Of Montreal [BNKU] is traded in USA and was established 2019-04-02. The fund is listed under Trading--Leveraged Equity category and is part of BMO Capital Markets family. Bank Of Montreal currently have 49.99 M in assets under management (AUM). , while the total return for the last 3 years was -8.2%.
Check Bank Of Montreal Probability Of Bankruptcy
Top Bank Of Montreal Etf Constituents
BAC | Bank of America | Stock | Financials | |
C | Citigroup | Stock | Financials | |
GS | Goldman Sachs Group | Stock | Financials | |
JPM | JPMorgan Chase Co | Stock | Financials | |
MS | Morgan Stanley | Stock | Financials | |
PNC | PNC Financial Services | Stock | Financials | |
SCHW | Charles Schwab Corp | Stock | Financials | |
TFC | Truist Financial Corp | Stock | Financials |
Bank Of Montreal Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bank Of Montreal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
Mean Deviation | 2.19 | |||
Semi Deviation | 2.49 | |||
Standard Deviation | 2.71 | |||
Variance | 7.34 |
Bank Of Montreal Against Markets
Bank Of Montreal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bank Of Montreal etf to make a market-neutral strategy. Peer analysis of Bank Of Montreal could also be used in its relative valuation, which is a method of valuing Bank Of Montreal by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of Bank Of Montreal is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank Of Montreal's value that differs from its market value or its book value, called intrinsic value, which is Bank Of Montreal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank Of Montreal's market value can be influenced by many factors that don't directly affect Bank Of Montreal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank Of Montreal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank Of Montreal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Of Montreal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.