Bmo Canadian Bank Etf Performance
| ZBI Etf | 30.23 0.05 0.17% |
The etf shows a Beta (market volatility) of -0.0107, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMO Canadian are expected to decrease at a much lower rate. During the bear market, BMO Canadian is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in BMO Canadian Bank are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy forward indicators, BMO Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | David Fears Thunderbird Partners Launches With 1.5 Billion in Assets - Yahoo Finance UK | 09/03/2024 |
BMO |
BMO Canadian Relative Risk vs. Return Landscape
If you would invest 2,962 in BMO Canadian Bank on August 28, 2024 and sell it today you would earn a total of 61.00 from holding BMO Canadian Bank or generate 2.06% return on investment over 90 days. BMO Canadian Bank is generating 0.0331% of daily returns assuming 0.1859% volatility of returns over the 90 days investment horizon. Simply put, 1% of all etfs have less volatile historical return distribution than BMO Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BMO Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BMO Canadian Bank, and traders can use it to determine the average amount a BMO Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1779
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZBI |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average BMO Canadian is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BMO Canadian by adding it to a well-diversified portfolio.
About BMO Canadian Performance
By examining BMO Canadian's fundamental ratios, stakeholders can obtain critical insights into BMO Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that BMO Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
BMO Canadian is entity of Canada. It is traded as Etf on TO exchange.