Bmo Equal Weight Etf Market Value
| ZBK Etf | CAD 40.16 0.12 0.30% |
| Symbol | BMO |
BMO Equal '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 Equal'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 Equal.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in BMO Equal on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding BMO Equal Weight or generate 0.0% return on investment in BMO Equal over 720 days. BMO Equal is related to or competes with Brompton Global, Tech Leaders, Global Healthcare, and Brompton Flaherty. BMO Equal Weight US Banks Index ETF seeks to replicate, to the extent possible, the performance of a U.S More
BMO Equal 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 Equal'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 Equal Weight upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.1285 | |||
| Maximum Drawdown | 15.74 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.55 |
BMO Equal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Equal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Equal's standard deviation. In reality, there are many statistical measures that can use BMO Equal historical prices to predict the future BMO Equal's volatility.| Risk Adjusted Performance | 0.1542 | |||
| Jensen Alpha | 0.2162 | |||
| Total Risk Alpha | 0.0661 | |||
| Sortino Ratio | 0.1964 | |||
| Treynor Ratio | 0.2832 |
BMO Equal Weight Backtested Returns
BMO Equal appears to be very steady, given 3 months investment horizon. BMO Equal Weight 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-eight technical indicators for BMO Equal Weight, which you can use to evaluate the volatility of the entity. Please makes use of BMO Equal's mean deviation of 1.19, and Risk Adjusted Performance of 0.1542 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.31, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BMO Equal will likely underperform.
Auto-correlation | -0.52 |
Good reverse predictability
BMO Equal Weight has good reverse predictability. Overlapping area represents the amount of predictability between BMO Equal time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Equal Weight price movement. The serial correlation of -0.52 indicates that about 52.0% of current BMO Equal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 12.78 |
BMO Equal Weight lagged returns against current returns
Autocorrelation, which is BMO Equal 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 Equal's etf expected returns. We can calculate the autocorrelation of BMO Equal returns to help us make a trade decision. For example, suppose you find that BMO Equal 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 Equal 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 Equal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Equal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Equal etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Equal Lagged Returns
When evaluating BMO Equal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Equal etf have on its future price. BMO Equal 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 Equal autocorrelation shows the relationship between BMO Equal etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Equal Weight.
Regressed Prices |
| Timeline |
Pair Trading with BMO Equal
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 Equal 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 Equal will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.78 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.85 | XFN | iShares SPTSX Capped | PairCorr |
| 0.73 | HCA | Hamilton Canadian Bank | PairCorr |
| 1.0 | ZUB | BMO Equal Weight | PairCorr |
Moving against BMO Etf
The ability to find closely correlated positions to BMO Equal 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 Equal 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 Equal - 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 Equal Weight to buy it.
The correlation of BMO Equal 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 Equal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Equal Weight 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 Equal 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 Equal 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 Equal security.