Bmo Conservative Etf Market Value
| ZCON Etf | CAD 35.47 0.06 0.17% |
| Symbol | BMO |
BMO Conservative '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 Conservative'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 Conservative.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in BMO Conservative on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Conservative ETF or generate 0.0% return on investment in BMO Conservative over 90 days. BMO Conservative is related to or competes with BMO Balanced, BMO Growth, IShares Core, Vanguard Conservative, and IShares Core. BMO Conservative ETF seeks to provide income and the potential for moderate long-term capital appreciation, primarily by... More
BMO Conservative 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 Conservative'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 Conservative ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4058 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5934 |
BMO Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Conservative's standard deviation. In reality, there are many statistical measures that can use BMO Conservative historical prices to predict the future BMO Conservative's volatility.| Risk Adjusted Performance | 0.073 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.1983 |
BMO Conservative ETF Backtested Returns
As of now, BMO Etf is very steady. BMO Conservative ETF secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for BMO Conservative ETF, which you can use to evaluate the volatility of the entity. Please confirm BMO Conservative's risk adjusted performance of 0.073, and Mean Deviation of 0.299 to double-check if the risk estimate we provide is consistent with the expected return of 0.0415%. The etf shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Conservative is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
BMO Conservative ETF has virtually no predictability. Overlapping area represents the amount of predictability between BMO Conservative time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Conservative ETF price movement. The serial correlation of 0.02 indicates that only 2.0% of current BMO Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BMO Conservative ETF lagged returns against current returns
Autocorrelation, which is BMO Conservative 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 Conservative's etf expected returns. We can calculate the autocorrelation of BMO Conservative returns to help us make a trade decision. For example, suppose you find that BMO Conservative 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 Conservative 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 Conservative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Conservative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Conservative etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Conservative Lagged Returns
When evaluating BMO Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Conservative etf have on its future price. BMO Conservative 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 Conservative autocorrelation shows the relationship between BMO Conservative etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Conservative ETF.
Regressed Prices |
| Timeline |
Pair Trading with BMO Conservative
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 Conservative 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 Conservative will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.81 | VRIF | Vanguard Retirement | PairCorr |
| 0.83 | XINC | iShares Core Income | PairCorr |
| 0.71 | MCON | Mackenzie Conservative | PairCorr |
The ability to find closely correlated positions to BMO Conservative 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 Conservative 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 Conservative - 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 Conservative ETF to buy it.
The correlation of BMO Conservative 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 Conservative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Conservative 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 Conservative 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 Conservative 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 Conservative security.