Bmo Sptsx Capped Etf Fundamentals
| ZCN Etf | CAD 34.11 0.08 0.24% |
BMO SPTSX Capped fundamentals help investors to digest information that contributes to BMO SPTSX's financial success or failures. It also enables traders to predict the movement of BMO Etf. The fundamental analysis module provides a way to measure BMO SPTSX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BMO SPTSX etf.
BMO |
BMO SPTSX Capped ETF Price To Earning Analysis
BMO SPTSX's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current BMO SPTSX Price To Earning | 17.22 X |
Most of BMO SPTSX's fundamental indicators, such as Price To Earning, 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 SPTSX Capped is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, BMO SPTSX Capped has a Price To Earning of 17.22 times. This is much higher than that of the BMO Asset Management Inc family and significantly higher than that of the Canadian Equity category. The price to earning for all Canada etfs is notably lower than that of the firm.
BMO SPTSX Capped Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BMO SPTSX's current stock value. Our valuation model uses many indicators to compare BMO SPTSX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BMO SPTSX competition to find correlations between indicators driving BMO SPTSX's intrinsic value. More Info.BMO SPTSX Capped is rated first in price to earning as compared to similar ETFs. It is rated first in beta as compared to similar ETFs totaling about 0.06 of Beta per Price To Earning. The ratio of Price To Earning to Beta for BMO SPTSX Capped is roughly 17.22 . Comparative valuation analysis is a catch-all model that can be used if you cannot value BMO SPTSX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BMO SPTSX's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BMO Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO SPTSX's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO SPTSX could also be used in its relative valuation, which is a method of valuing BMO SPTSX by comparing valuation metrics of similar companies.BMO SPTSX is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for BMO SPTSX
The fund invests 99.75% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides BMO SPTSX's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
BMO Fundamentals
| Price To Earning | 17.22 X | |||
| Beta | 1.0 | |||
| Total Asset | 4.19 B | |||
| Annual Yield | 0.04 % | |||
| One Year Return | 27.70 % | |||
| Three Year Return | 8.40 % | |||
| Five Year Return | 11.30 % | |||
| Ten Year Return | 8.50 % | |||
| Net Asset | 4.19 B | |||
| Last Dividend Paid | 0.16 | |||
| Holdings Turnover | 19.46 % | |||
| Equity Positions Weight | 99.75 % |
About BMO SPTSX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO SPTSX Capped's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO SPTSX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO SPTSX Capped 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.The investment seeks to replicate, to the extent possible, the performance of the SPTSX Capped Composite Index, net of expenses. BMO SP is traded on Toronto Stock Exchange in Canada.
Pair Trading with BMO SPTSX
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 SPTSX 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 SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 1.0 | XIU | iShares SPTSX 60 | PairCorr |
| 1.0 | XIC | iShares Core SPTSX | PairCorr |
| 1.0 | VCN | Vanguard FTSE Canada | PairCorr |
| 1.0 | HXT | Global X SPTSX | PairCorr |
Moving against BMO Etf
The ability to find closely correlated positions to BMO SPTSX 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 SPTSX 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 SPTSX - 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 SPTSX Capped to buy it.
The correlation of BMO SPTSX 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 SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO SPTSX Capped 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 SPTSX 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 SPTSX 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 SPTSX security.