Bank Of Montreal Preferred Stock Market Value
| BMO-PE Preferred Stock | CAD 25.85 0.15 0.58% |
| Symbol | Bank |
Bank of Montreal Pref Cla '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 Pref Cla's preferred 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 Pref Cla.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Bank of Montreal Pref Cla on December 17, 2024 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 Pref Cla over 90 days. Bank of Montreal Pref Cla is related to or competes with Canso Select, Labrador Iron, High Liner, Thunderbird Entertainment, Chemtrade Logistics, Plaza Retail, and Champion Iron. Bank of Montreal provides diversified financial services primarily in North America More
Bank of Montreal Pref Cla 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 Pref Cla's preferred 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.
| Information Ratio | 0.1513 | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.7361 |
Bank of Montreal Pref Cla Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Montreal Pref Cla's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Montreal Pref Cla's standard deviation. In reality, there are many statistical measures that can use Bank of Montreal Pref Cla historical prices to predict the future Bank of Montreal Pref Cla's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0318 | |||
| Treynor Ratio | 1.5 |
Bank of Montreal Pref Cla Backtested Returns
Bank of Montreal Pref Cla secures Sharpe Ratio (or Efficiency) of -0.0327, which signifies that the company had a -0.0327 % return per unit of risk over the last 3 months. Bank of Montreal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Montreal Pref Cla's Risk Adjusted Performance of (0.04), mean deviation of 0.3515, and Standard Deviation of 0.5094 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0213, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Montreal Pref Cla are expected to decrease at a much lower rate. During the bear market, Bank of Montreal Pref Cla is likely to outperform the market. At this point, Bank of Montreal Pref Cla has a negative expected return of -0.017%. Please make sure to confirm Bank of Montreal Pref Cla's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Bank of Montreal Pref Cla performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Bank of Montreal has modest predictability. Overlapping area represents the amount of predictability between Bank of Montreal Pref Cla time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Pref Cla price movement. The serial correlation of 0.54 indicates that about 54.0% of current Bank of Montreal Pref Cla price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Bank of Montreal Pref Cla lagged returns against current returns
Autocorrelation, which is Bank of Montreal Pref Cla preferred 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 Pref Cla's preferred stock expected returns. We can calculate the autocorrelation of Bank of Montreal Pref Cla returns to help us make a trade decision. For example, suppose you find that Bank of Montreal Pref Cla has exhibited high autocorrelation historically, and you observe that the preferred 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 Pref Cla 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 Pref Cla preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Montreal Pref Cla preferred 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 Pref Cla preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Montreal Pref Cla Lagged Returns
When evaluating Bank of Montreal Pref Cla's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Montreal Pref Cla preferred stock have on its future price. Bank of Montreal Pref Cla 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 Pref Cla autocorrelation shows the relationship between Bank of Montreal Pref Cla preferred 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 |
Pair Trading with Bank of Montreal Pref Cla
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 Pref Cla 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 Pref Cla will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bank of Montreal Pref Cla 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 Pref Cla 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 Pref Cla - 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 Pref Cla 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 Pref Cla moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Montreal Pref Cla 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 Pref Cla 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 Bank Preferred Stock
Bank of Montreal Pref Cla financial ratios help investors to determine whether Bank Preferred Stock 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 Bank with respect to the benefits of owning Bank of Montreal Pref Cla security.