Bmo Covered Call Etf Annual Yield
| ZWA Etf | CAD 26.69 0.20 0.76% |
BMO Covered Call fundamentals help investors to digest information that contributes to BMO Covered's financial success or failures. It also enables traders to predict the movement of BMO Etf. The fundamental analysis module provides a way to measure BMO Covered's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BMO Covered etf.
BMO |
BMO Covered Call ETF Annual Yield Analysis
BMO Covered's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, BMO Covered Call has an Annual Yield of 0.0%. This indicator is about the same for the BMO Asset Management Inc average (which is currently at 0.0) family and about the same as US Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
BMO Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO Covered's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO Covered could also be used in its relative valuation, which is a method of valuing BMO Covered by comparing valuation metrics of similar companies.BMO Covered is currently under evaluation in annual yield as compared to similar ETFs.
Fund Asset Allocation for BMO Covered
The fund invests 99.28% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides BMO Covered's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
BMO Fundamentals
| Price To Earning | 18.02 X | |||
| Price To Book | 3.04 X | |||
| Price To Sales | 1.75 X | |||
| Beta | 0.9 | |||
| Total Asset | 252.64 M | |||
| One Year Return | 13.20 % | |||
| Three Year Return | 6.50 % | |||
| Five Year Return | 7.90 % | |||
| Ten Year Return | 8.40 % | |||
| Net Asset | 252.64 M | |||
| Last Dividend Paid | 0.09 | |||
| Holdings Turnover | 68.11 % | |||
| Equity Positions Weight | 99.28 % |
About BMO Covered Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO Covered Call's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO Covered using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO Covered Call based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with BMO Covered
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.Moving together with BMO Etf
| 0.93 | XSP | iShares Core SP | PairCorr |
| 0.85 | ZSP | BMO SP 500 | PairCorr |
| 0.84 | VFV | Vanguard SP 500 | PairCorr |
| 0.84 | HXS | Global X SP | PairCorr |
| 0.84 | XUS | iShares Core SP | PairCorr |
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.Other Information on Investing in BMO Etf
BMO Covered 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 Covered security.