Bmo Equal Weight Etf Market Value
| ZBK Etf | CAD 29.17 0.24 0.82% |
| Symbol | BMO |
BMO Equal '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 BMO Equal's etf 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 BMO Equal.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in BMO Equal on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Equal Weight or generate 0.0% return on investment in BMO Equal over 30 days. BMO Equal is related to or competes with Dynamic Active, Dynamic Active, Dynamic Active, Dynamic Active, and Dynamic Active. BMO Equal Weight US Banks Index ETF seeks to replicate, to the extent possible, the performance of a U.S More
BMO Equal 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 BMO Equal's etf 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 BMO Equal Weight upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0757 | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.09 |
BMO Equal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Equal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Equal's standard deviation. In reality, there are many statistical measures that can use BMO Equal historical prices to predict the future BMO Equal's volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.0952 | |||
| Total Risk Alpha | 0.0205 | |||
| Sortino Ratio | 0.0766 | |||
| Treynor Ratio | 0.1823 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BMO Equal'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.
BMO Equal Weight Backtested Returns
We consider BMO Equal very steady. BMO Equal Weight secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BMO Equal Weight, which you can use to evaluate the volatility of the entity. Please confirm BMO Equal's risk adjusted performance of 0.0988, and Mean Deviation of 0.8977 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The etf shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. BMO Equal returns are very sensitive to returns on the market. As the market goes up or down, BMO Equal is expected to follow.
Auto-correlation | -0.25 |
Weak reverse predictability
BMO Equal Weight has weak reverse predictability. Overlapping area represents the amount of predictability between BMO Equal time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 BMO Equal Weight price movement. The serial correlation of -0.25 indicates that over 25.0% of current BMO Equal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
BMO Equal Weight lagged returns against current returns
Autocorrelation, which is BMO Equal etf'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 BMO Equal's etf expected returns. We can calculate the autocorrelation of BMO Equal returns to help us make a trade decision. For example, suppose you find that BMO Equal has exhibited high autocorrelation historically, and you observe that the etf 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 |
BMO Equal 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 BMO Equal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Equal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Equal etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Equal Lagged Returns
When evaluating BMO Equal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Equal etf have on its future price. BMO Equal 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, BMO Equal autocorrelation shows the relationship between BMO Equal etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Equal Weight.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out BMO Equal Correlation, BMO Equal Volatility and BMO Equal Alpha and Beta module to complement your research on BMO Equal. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
BMO Equal technical etf 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, etf market cycles, or different charting patterns.