Bmo Discount Bond Etf Performance
| ZDB Etf | CAD 15.02 0.14 0.94% |
The etf shows a Beta (market volatility) of -0.0421, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMO Discount are expected to decrease at a much lower rate. During the bear market, BMO Discount is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days BMO Discount Bond has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental drivers, BMO Discount is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.48 |
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BMO Discount Relative Risk vs. Return Landscape
If you would invest 1,499 in BMO Discount Bond on August 28, 2024 and sell it today you would earn a total of 3.00 from holding BMO Discount Bond or generate 0.2% return on investment over 90 days. BMO Discount Bond is generating 0.0038% of daily returns assuming 0.3305% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than BMO Discount, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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BMO Discount Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Discount's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BMO Discount Bond, and traders can use it to determine the average amount a BMO Discount'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 = 0.0114
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| Negative Returns | ZDB |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BMO Discount is not performing at its full potential. However, 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 Discount by adding BMO Discount to a well-diversified portfolio.
BMO Discount Fundamentals Growth
BMO Etf prices reflect investors' perceptions of the future prospects and financial health of BMO Discount, and BMO Discount fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BMO Etf performance.
| Total Asset | 735 M | |||
About BMO Discount Performance
By examining BMO Discount's fundamental ratios, stakeholders can obtain critical insights into BMO Discount'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 Discount 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 Discount Bond Index ETF seeks to replicate, to the extent possible, the performance of a discount bond index representing investment grade domestic bond issues denominated in Canadian dollars, net of expenses. BMO DISCOUNT is traded on Toronto Stock Exchange in Canada.| The fund generated three year return of 0.0% | |
| BMO Discount Bond keeps about 99.59% of its net assets in bonds |
Other Information on Investing in BMO Etf
BMO Discount 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 Discount security.