Bmo Canadian Dividend Etf Performance
| ZDV Etf | CAD 22.41 0.19 0.84% |
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 Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Canadian is expected to be smaller as well.
Risk-Adjusted Performance
Weak
Weak | Strong |
Over the last 90 days BMO Canadian Dividend has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic 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
| In Threey Sharp Ratio | 0.33 |
BMO |
BMO Canadian Relative Risk vs. Return Landscape
If you would invest 2,237 in BMO Canadian Dividend on November 19, 2024 and sell it today you would earn a total of 4.00 from holding BMO Canadian Dividend or generate 0.18% return on investment over 90 days. BMO Canadian Dividend is generating 0.0041% of daily returns assuming 0.4984% volatility of returns over the 90 days investment horizon. Simply put, 4% 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 |
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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 Dividend, 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 = 0.0082
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZDV |
Estimated Market Risk
| 0.5 actual daily | 4 96% 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 Canadian 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 Canadian by adding BMO Canadian to a well-diversified portfolio.
BMO Canadian Fundamentals Growth
BMO Etf prices reflect investors' perceptions of the future prospects and financial health of BMO Canadian, and BMO Canadian 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.
| Price To Earning | 17.56 X | |||
| Total Asset | 445.31 M | |||
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 Dividend ETF seeks to provide exposure to the performance of a yield weighted portfolio of Canadian dividend paying stocks. BMO CANADIAN is traded on Toronto Stock Exchange in Canada.| The fund keeps 99.04% of its net assets in stocks |
Other Information on Investing in BMO Etf
BMO Canadian 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 Canadian security.