Bmo Balanced Etf Market Value
| ZBAL Etf | CAD 40.54 0.07 0.17% |
| Symbol | BMO |
BMO Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BMO Balanced's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BMO Balanced.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BMO Balanced on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Balanced ETF or generate 0.0% return on investment in BMO Balanced over 30 days. BMO Balanced is related to or competes with IShares Core, Vanguard Balanced, and IShares Core. BMO Balanced ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by inv... More
BMO Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BMO Balanced's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BMO Balanced ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3645 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.6099 |
BMO Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Balanced's standard deviation. In reality, there are many statistical measures that can use BMO Balanced historical prices to predict the future BMO Balanced's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.0291 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.2603 |
BMO Balanced ETF Backtested Returns
As of now, BMO Etf is very steady. BMO Balanced ETF secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BMO Balanced ETF, which you can use to evaluate the volatility of the entity. Please confirm BMO Balanced's risk adjusted performance of 0.1204, and Mean Deviation of 0.2831 to double-check if the risk estimate we provide is consistent with the expected return of 0.0698%. The etf shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Balanced is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
BMO Balanced ETF has very good predictability. Overlapping area represents the amount of predictability between BMO Balanced time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BMO Balanced ETF price movement. The serial correlation of 0.83 indicates that around 83.0% of current BMO Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BMO Balanced ETF lagged returns against current returns
Autocorrelation, which is BMO Balanced etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BMO Balanced's etf expected returns. We can calculate the autocorrelation of BMO Balanced returns to help us make a trade decision. For example, suppose you find that BMO Balanced has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BMO Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BMO Balanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Balanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Balanced etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Balanced Lagged Returns
When evaluating BMO Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Balanced etf have on its future price. BMO Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BMO Balanced autocorrelation shows the relationship between BMO Balanced etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Balanced ETF.
Regressed Prices |
| Timeline |
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.