| BMO Stock | | | CAD 133.50 0.20 0.15% |
Bank of Montreal financial indicator trend analysis is way more than just evaluating Bank of Montreal prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Montreal is a good investment. Please check the relationship between Bank of Montreal Reconciled Depreciation and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Montreal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Bank Stock, please use our
How to Invest in Bank of Montreal guide.
Reconciled Depreciation vs Net Income
Reconciled Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Montreal Reconciled Depreciation account and
Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bank of Montreal's Reconciled Depreciation and Net Income is 0.31. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Bank of Montreal, assuming nothing else is changed. The correlation between historical values of Bank of Montreal's Reconciled Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Bank of Montreal are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Reconciled Depreciation i.e., Bank of Montreal's Reconciled Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Reconciled Depreciation
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Bank of Montreal financial statement analysis. It represents the amount of money remaining after all of Bank of Montreal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Bank of Montreal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Montreal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Montreal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Bank Stock, please use our
How to Invest in Bank of Montreal guide.At this time, Bank of Montreal's
Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024,
Tax Provision is likely to grow to about 2
B, while
Sales General And Administrative To Revenue is likely to drop 0.31.
Bank of Montreal fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Montreal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Montreal fundamental ratios Accounts
Pair Trading with Bank of Montreal
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 Bank of Montreal 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 Bank of Montreal will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bank of Montreal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Montreal 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 Bank of Montreal - 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 Bank of Montreal to buy it.
The correlation of Bank of Montreal 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 Bank of Montreal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Montreal 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 Bank of Montreal 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.
When determining whether Bank of Montreal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of Montreal's
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of Montreal Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of Montreal Stock: Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Montreal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Bank Stock, please use our
How to Invest in Bank of Montreal guide.
You can also try the
Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.