Bank Of Montreal Stock Market Value

BMO Stock  USD 96.38  0.41  0.43%   
Bank Of Montreal's market value is the price at which a share of Bank Of Montreal trades on a public exchange. It measures the collective expectations of Bank Of Montreal investors about its performance. Bank Of Montreal is selling at 96.38 as of the 28th of March 2024; that is 0.43 percent increase since the beginning of the trading day. The stock's open price was 95.97.
With this module, you can estimate the performance of a buy and hold strategy of Bank Of Montreal and determine expected loss or profit from investing in Bank Of Montreal over a given investment horizon. Check out Bank Of Montreal Correlation, Bank Of Montreal Volatility and Bank Of Montreal Alpha and Beta module to complement your research on Bank Of Montreal.
To learn how to invest in Bank Stock, please use our How to Invest in Bank Of Montreal guide.
Symbol

Bank Of Montreal Price To Book Ratio

Is Bank Of Montreal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank Of Montreal. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank Of Montreal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
11.567
Dividend Share
5.88
Earnings Share
5.35
Revenue Per Share
43.463
Quarterly Revenue Growth
0.443
The market value of Bank Of Montreal is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank Of Montreal's value that differs from its market value or its book value, called intrinsic value, which is Bank Of Montreal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank Of Montreal's market value can be influenced by many factors that don't directly affect Bank Of Montreal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank Of Montreal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank Of Montreal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Of Montreal'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.

Bank Of Montreal '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 Bank Of Montreal's stock 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 Bank Of Montreal.
0.00
07/07/2022
No Change 0.00  0.0 
In 1 year 8 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Bank Of Montreal on July 7, 2022 and sell it all today you would earn a total of 0.00 from holding Bank Of Montreal or generate 0.0% return on investment in Bank Of Montreal over 630 days. Bank Of Montreal is related to or competes with Bank Of America, Deckers Outdoor, Intuitive Machines, Liberty, Valero Energy, and Honest. Bank of Montreal provides diversified financial services primarily in North America More

Bank Of Montreal 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 Bank Of Montreal's stock 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 Bank Of Montreal upside and downside potential and time the market with a certain degree of confidence.

Bank Of Montreal Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Of Montreal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Of Montreal's standard deviation. In reality, there are many statistical measures that can use Bank Of Montreal historical prices to predict the future Bank Of Montreal's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Of Montreal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
95.2396.3897.53
Details
Intrinsic
Valuation
LowRealHigh
91.5392.68106.02
Details
Naive
Forecast
LowNextHigh
95.0596.2197.36
Details
15 Analysts
Consensus
LowTargetHigh
82.2090.33100.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank Of Montreal. Your research has to be compared to or analyzed against Bank Of Montreal's peers to derive any actionable benefits. When done correctly, Bank Of Montreal's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank Of Montreal.

Bank Of Montreal Backtested Returns

Bank Of Montreal secures Sharpe Ratio (or Efficiency) of -0.015, which signifies that the company had a -0.015% return per unit of risk over the last 3 months. Bank Of Montreal exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Of Montreal's Downside Deviation of 1.45, mean deviation of 0.8007, and Risk Adjusted Performance of 0.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bank Of Montreal will likely underperform. Bank Of Montreal has an expected return of -0.0172%. Please make sure to confirm Bank Of Montreal semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Bank Of Montreal performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.03  

Virtually no predictability

Bank Of Montreal has virtually no predictability. Overlapping area represents the amount of predictability between Bank Of Montreal time series from 7th of July 2022 to 18th of May 2023 and 18th of May 2023 to 28th of March 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 Bank Of Montreal price movement. The serial correlation of 0.03 indicates that only 3.0% of current Bank Of Montreal price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.05
Residual Average0.0
Price Variance40.47

Bank Of Montreal lagged returns against current returns

Autocorrelation, which is Bank Of Montreal stock'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 Bank Of Montreal's stock expected returns. We can calculate the autocorrelation of Bank Of Montreal returns to help us make a trade decision. For example, suppose you find that Bank Of Montreal has exhibited high autocorrelation historically, and you observe that the stock 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  

Bank Of Montreal 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 Bank Of Montreal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Of Montreal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Of Montreal stock over time.
   Current vs Lagged Prices   
       Timeline  

Bank Of Montreal Lagged Returns

When evaluating Bank Of Montreal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Of Montreal stock have on its future price. Bank Of Montreal 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, Bank Of Montreal autocorrelation shows the relationship between Bank Of Montreal stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Of Montreal.
   Regressed Prices   
       Timeline  

Bank Of Montreal Investors Sentiment

The influence of Bank Of Montreal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bank. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bank Of Montreal's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank Of Montreal. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bank Of Montreal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank Of Montreal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bank Of Montreal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bank Of Montreal.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank Of Montreal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank Of Montreal's short interest history, or implied volatility extrapolated from Bank Of Montreal options trading.

Pair Trading with Bank Of Montreal

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 Bank Of Montreal 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 Bank Of Montreal will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bank Stock

  0.82RY Royal Bank Financial Report 23rd of May 2024 PairCorr
  0.77TD Toronto Dominion Bank Financial Report 23rd of May 2024 PairCorr

Moving against Bank Stock

  0.52JPM-PJ JPMorgan ChasePairCorr
  0.48BAC-PB Bank Of AmericaPairCorr
  0.41JPM-PK JPMorgan ChasePairCorr
The ability to find closely correlated positions to Bank Of Montreal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Of Montreal 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 Bank Of Montreal - 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 Bank Of Montreal to buy it.
The correlation of Bank Of Montreal 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 Bank Of Montreal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Of Montreal 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 Bank Of Montreal 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
When determining whether Bank Of Montreal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank Of Montreal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of Montreal Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of Montreal Stock:
Check out Bank Of Montreal Correlation, Bank Of Montreal Volatility and Bank Of Montreal Alpha and Beta module to complement your research on Bank Of Montreal.
To learn how to invest in Bank Stock, please use our How to Invest in Bank Of Montreal guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Bank Of Montreal's price analysis, check to measure Bank Of Montreal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank Of Montreal is operating at the current time. Most of Bank Of Montreal's value examination focuses on studying past and present price action to predict the probability of Bank Of Montreal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank Of Montreal's price. Additionally, you may evaluate how the addition of Bank Of Montreal to your portfolios can decrease your overall portfolio volatility.
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Bank Of Montreal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Bank Of Montreal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bank Of Montreal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...