Bmo Laddered Preferred Etf Market Value
| ZPR Etf | CAD 10.64 0.07 0.66% |
| Symbol | BMO |
BMO Laddered '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 Laddered'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 Laddered.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BMO Laddered on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Laddered Preferred or generate 0.0% return on investment in BMO Laddered over 30 days. BMO Laddered is related to or competes with IShares SPTSX, Global X, BMO Europe, BMO Equal, and BMO Covered. BMO Laddered Preferred Share Index ETF has been designed to replicate, to the extent possible, the performance of the So... More
BMO Laddered 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 Laddered'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 Laddered Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.338 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4812 |
BMO Laddered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Laddered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Laddered's standard deviation. In reality, there are many statistical measures that can use BMO Laddered historical prices to predict the future BMO Laddered's volatility.| Risk Adjusted Performance | 0.0474 | |||
| Jensen Alpha | 0.0197 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.62) |
BMO Laddered Preferred Backtested Returns
As of now, BMO Etf is very steady. BMO Laddered Preferred secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BMO Laddered Preferred, which you can use to evaluate the volatility of the entity. Please confirm BMO Laddered's mean deviation of 0.2455, and Risk Adjusted Performance of 0.0474 to double-check if the risk estimate we provide is consistent with the expected return of 0.0368%. The etf shows a Beta (market volatility) of -0.0267, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMO Laddered are expected to decrease at a much lower rate. During the bear market, BMO Laddered is likely to outperform the market.
Auto-correlation | -0.94 |
Near perfect reversele predictability
BMO Laddered Preferred has near perfect reversele predictability. Overlapping area represents the amount of predictability between BMO Laddered 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 Laddered Preferred price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current BMO Laddered price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.94 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BMO Laddered Preferred lagged returns against current returns
Autocorrelation, which is BMO Laddered 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 Laddered's etf expected returns. We can calculate the autocorrelation of BMO Laddered returns to help us make a trade decision. For example, suppose you find that BMO Laddered 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 Laddered 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 Laddered etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Laddered etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Laddered etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Laddered Lagged Returns
When evaluating BMO Laddered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Laddered etf have on its future price. BMO Laddered 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 Laddered autocorrelation shows the relationship between BMO Laddered etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Laddered Preferred.
Regressed Prices |
| Timeline |
Pair Trading with BMO Laddered
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 Laddered 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 Laddered will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.9 | HPR | Global X Active | PairCorr |
| 0.72 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.94 | RPF | RBC Canadian Preferred | PairCorr |
| 0.67 | DXP | Dynamic Active Preferred | PairCorr |
Moving against BMO Etf
| 0.45 | TCLB | TD Canadian Long | PairCorr |
| 0.41 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.39 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to BMO Laddered 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 Laddered 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 Laddered - 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 Laddered Preferred to buy it.
The correlation of BMO Laddered 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 Laddered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Laddered Preferred 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 Laddered 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 Laddered 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 Laddered security.