Bmo Global Infrastructure Etf Market Value
| ZGI Etf | CAD 54.18 0.51 0.95% |
| Symbol | BMO |
BMO Global '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 Global'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 Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in BMO Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Global Infrastructure or generate 0.0% return on investment in BMO Global over 30 days. BMO Global is related to or competes with BMO Equal, BMO Low, BMO Equal, BMO MSCI, and BMO MSCI. BMO Global Infrastructure Index ETF has been designed to replicate, to the extent possible, the performance of the Dow J... More
BMO Global 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 Global'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 Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7392 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.31 |
BMO Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Global's standard deviation. In reality, there are many statistical measures that can use BMO Global historical prices to predict the future BMO Global's volatility.| Risk Adjusted Performance | 0.2281 | |||
| Jensen Alpha | 0.1889 | |||
| Total Risk Alpha | 0.0895 | |||
| Sortino Ratio | 0.1049 | |||
| Treynor Ratio | 3.19 |
BMO Global Infrastructure Backtested Returns
BMO Global appears to be very steady, given 3 months investment horizon. BMO Global Infrastructure secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the etf had a 0.3% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BMO Global Infrastructure, which you can use to evaluate the volatility of the entity. Please makes use of BMO Global's mean deviation of 0.5213, and Risk Adjusted Performance of 0.2281 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.0615, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Global is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
BMO Global Infrastructure has modest predictability. Overlapping area represents the amount of predictability between BMO Global time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Global Infrastructure price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current BMO Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
BMO Global Infrastructure lagged returns against current returns
Autocorrelation, which is BMO Global 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 Global's etf expected returns. We can calculate the autocorrelation of BMO Global returns to help us make a trade decision. For example, suppose you find that BMO Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Global etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Global Lagged Returns
When evaluating BMO Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Global etf have on its future price. BMO Global 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 Global autocorrelation shows the relationship between BMO Global etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Global Infrastructure.
Regressed Prices |
| Timeline |
Pair Trading with BMO Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.86 | CINF | CI Global Infrastructure | PairCorr |
| 0.92 | TINF | TD Active Global | PairCorr |
| 0.92 | CIF | iShares Global Infra | PairCorr |
| 0.92 | QINF | Mackenzie Global Inf | PairCorr |
The ability to find closely correlated positions to BMO Global 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 Global 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 Global - 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 Global Infrastructure to buy it.
The correlation of BMO Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Global Infrastructure 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 Global 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 Global 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 Global security.