Bmo Preferred Share Etf Three Year Return
| ZHP Etf | CAD 18.77 0.10 0.53% |
BMO Preferred Share fundamentals help investors to digest information that contributes to BMO Preferred'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 Preferred'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 Preferred etf.
BMO |
BMO Preferred Share ETF Three Year Return Analysis
BMO Preferred's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current BMO Preferred Three Year Return | (2.10) % |
Most of BMO Preferred's fundamental indicators, such as Three Year Return, 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 Preferred Share is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, BMO Preferred Share has a Three Year Return of -2.1%. This is much lower than that of the BMO Asset Management Inc family and significantly lower than that of the Preferred Share Fixed Income category. The three year return for all Canada etfs is notably higher than that of the company.
BMO Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO Preferred's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO Preferred could also be used in its relative valuation, which is a method of valuing BMO Preferred by comparing valuation metrics of similar companies.BMO Preferred is currently under evaluation in three year return as compared to similar ETFs.
BMO Fundamentals
| Beta | 1.02 | |||
| Total Asset | 18.47 M | |||
| One Year Return | 18.00 % | |||
| Three Year Return | (2.10) % | |||
| Five Year Return | 1.00 % | |||
| Net Asset | 18.47 M | |||
| Last Dividend Paid | 0.11 |
About BMO Preferred Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO Preferred Share's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO Preferred using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO Preferred Share 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 Preferred
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 Preferred 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 Preferred will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BMO Preferred 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 Preferred 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 Preferred - 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 Preferred Share to buy it.
The correlation of BMO Preferred 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 Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Preferred Share 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 Preferred 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 Preferred 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 Preferred security.