BMO Target's market value is the price at which a share of BMO Target trades on a public exchange. It measures the collective expectations of BMO Target 2027 investors about its performance. BMO Target is selling at 10.03 as of the 31st of July 2025; that is No Change since the beginning of the trading day. The etf's open price was 10.03. With this module, you can estimate the performance of a buy and hold strategy of BMO Target 2027 and determine expected loss or profit from investing in BMO Target over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
BMO
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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 Target 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 Target will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BMO Target 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 Target 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 Target - 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 Target 2027 to buy it.
The correlation of BMO Target 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 Target moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Target 2027 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 Target 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.