BMO Covered Beta vs. Five Year Return
| ZWK Etf | CAD 26.48 0.11 0.42% |
For BMO Covered profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BMO Covered to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BMO Covered Call utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BMO Covered's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BMO Covered Call over time as well as its relative position and ranking within its peers.
BMO |
BMO Covered Call Five Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BMO Covered's current stock value. Our valuation model uses many indicators to compare BMO Covered value to that of its competitors to determine the firm's financial worth. BMO Covered Call is rated first in beta as compared to similar ETFs. It is rated first in five year return as compared to similar ETFs reporting about 2.83 of Five Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value BMO Covered by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BMO Covered's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BMO Five Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
BMO Covered |
| = | 1.52 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
BMO Covered |
| = | 4.30 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
BMO Five Year Return Comparison
BMO Covered is currently under evaluation in five year return as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BMO Covered will likely underperform.
BMO Covered Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BMO Covered, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BMO Covered will eventually generate negative long term returns. The profitability progress is the general direction of BMO Covered's change in net profit over the period of time. It can combine multiple indicators of BMO Covered, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
BMO COVERED is traded on Toronto Stock Exchange in Canada.
BMO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BMO Covered. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of BMO Covered position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the BMO Covered's important profitability drivers and their relationship over time.
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| Equity Positions Weight vs Five Year Return |
Use BMO Covered in pair-trading
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 Covered 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 Covered will appreciate offsetting losses from the drop in the long position's value.BMO Covered Pair Trading
BMO Covered Call Pair Trading Analysis
The ability to find closely correlated positions to BMO Covered 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 Covered 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 Covered - 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 Covered Call to buy it.
The correlation of BMO Covered 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 Covered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Covered Call 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 Covered 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.Use Investing Themes to Complement your BMO Covered position
In addition to having BMO Covered in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Music and Video Thematic Idea Now
Music and Video
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Music and Video Theme or any other thematic opportunities.
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Other Information on Investing in BMO Etf
To fully project BMO Covered's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BMO Covered Call at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include BMO Covered's income statement, its balance sheet, and the statement of cash flows.