Bmo Equal Weight Etf Market Value

ZUH Etf  CAD 68.90  0.32  0.47%   
BMO Equal's market value is the price at which a share of BMO Equal trades on a public exchange. It measures the collective expectations of BMO Equal Weight investors about its performance. BMO Equal is selling at 68.90 as of the 23rd of November 2024; that is 0.47% up since the beginning of the trading day. The etf's open price was 68.58.
With this module, you can estimate the performance of a buy and hold strategy of BMO Equal Weight and determine expected loss or profit from investing in BMO Equal over a given investment horizon. Check out BMO Equal Correlation, BMO Equal Volatility and BMO Equal Alpha and Beta module to complement your research on BMO Equal.
Symbol

Please note, there is a significant difference between BMO Equal's value and its price as these two are different measures arrived at by different means. Investors typically determine if BMO Equal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BMO Equal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
10/24/2024
No Change 0.00  0.0 
In 30 days
11/23/2024
0.00
If you would invest  0.00  in BMO Equal on October 24, 2024 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 30 days. BMO Equal is related to or competes with IShares SPTSX, BMO Equal, BMO Covered, BMO SPTSX, and BMO Equal. The BMO Equal Weight US Health Care Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the ... 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.

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.
Hype
Prediction
LowEstimatedHigh
68.1168.8669.61
Details
Intrinsic
Valuation
LowRealHigh
68.5569.3070.05
Details
Naive
Forecast
LowNextHigh
66.7667.5168.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
67.5870.1972.80
Details

BMO Equal Weight Backtested Returns

BMO Equal Weight secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the etf had a -0.12% return per unit of risk over the last 3 months. BMO Equal Weight exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BMO Equal's mean deviation of 0.5772, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Equal's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Equal is expected to be smaller as well.

Auto-correlation

    
  0.20  

Weak predictability

BMO Equal Weight has weak predictability. Overlapping area represents the amount of predictability between BMO Equal time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 0.2 indicates that over 20.0% of current BMO Equal price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test-0.38
Residual Average0.0
Price Variance1.78

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 against BMO Etf

  0.8XIT iShares SPTSX CappedPairCorr
  0.79ZSP BMO SP 500PairCorr
  0.79VFV Vanguard SP 500PairCorr
  0.78TEC TD Global TechnologyPairCorr
  0.78XIU iShares SPTSX 60PairCorr
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.
Pair CorrelationCorrelation Matching

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.