Bmo Balanced Etf Probability Of Bankruptcy
| ZBAL Etf | CAD 40.24 0.11 0.27% |
BMO |
BMO Balanced ETF ETF odds of distress Analysis
BMO Balanced's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current BMO Balanced Probability Of Bankruptcy | Less than 9% |
Most of BMO Balanced's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BMO Balanced ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of BMO Balanced probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting BMO Balanced odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of BMO Balanced ETF financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, BMO Balanced ETF has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Global Neutral Balanced category. The probability of bankruptcy for all Canada etfs is notably lower than that of the firm.
BMO Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO Balanced's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO Balanced could also be used in its relative valuation, which is a method of valuing BMO Balanced by comparing valuation metrics of similar companies.BMO Balanced is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
BMO Fundamentals
| Beta | 1.14 | |||
| Total Asset | 26.74 M | |||
| Annual Yield | 0.02 % | |||
| One Year Return | 18.90 % | |||
| Three Year Return | 5.20 % | |||
| Five Year Return | 7.10 % | |||
| Net Asset | 26.74 M | |||
| Equity Positions Weight | 19.71 % | |||
| Bond Positions Weight | 11.85 % |
About BMO Balanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO Balanced ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO Balanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO Balanced ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with BMO Balanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BMO Balanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BMO Balanced will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.99 | VBAL | Vanguard Balanced | PairCorr |
| 0.96 | VCNS | Vanguard Conservative ETF | PairCorr |
| 0.99 | XBAL | iShares Core Balanced | PairCorr |
| 0.95 | ZMI | BMO Monthly Income | PairCorr |
| 0.98 | GBAL | iShares ESG Balanced | PairCorr |
Moving against BMO Etf
The ability to find closely correlated positions to BMO Balanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMO Balanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BMO Balanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BMO Balanced ETF to buy it.
The correlation of BMO Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BMO Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Balanced ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BMO Balanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in BMO Etf
BMO Balanced financial ratios help investors to determine whether BMO Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BMO with respect to the benefits of owning BMO Balanced security.