Bmo Europe High Etf Market Value
| ZWP Etf | CAD 19.81 0.20 1.02% |
| Symbol | BMO |
BMO Europe '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 Europe'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 Europe.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in BMO Europe on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Europe High or generate 0.0% return on investment in BMO Europe over 90 days. BMO Europe is related to or competes with BMO Europe, BMO High, BMO Covered, and BMO Global. BMO Europe High Dividend Covered Call ETF seeks to provide exposure to the performance of a portfolio of dividend paying... More
BMO Europe 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 Europe'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 Europe High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6532 | |||
| Information Ratio | 0.3213 | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.24 |
BMO Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Europe's standard deviation. In reality, there are many statistical measures that can use BMO Europe historical prices to predict the future BMO Europe's volatility.| Risk Adjusted Performance | 0.1729 | |||
| Jensen Alpha | 0.1968 | |||
| Total Risk Alpha | 0.2539 | |||
| Sortino Ratio | 0.3997 | |||
| Treynor Ratio | 0.371 |
BMO Europe High Backtested Returns
As of now, BMO Etf is very steady. BMO Europe High secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the etf had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BMO Europe High, which you can use to evaluate the volatility of the entity. Please confirm BMO Europe's risk adjusted performance of 0.1729, and Mean Deviation of 0.6287 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BMO Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Europe is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
BMO Europe High has very good predictability. Overlapping area represents the amount of predictability between BMO Europe time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 BMO Europe High price movement. The serial correlation of 0.81 indicates that around 81.0% of current BMO Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
BMO Europe High lagged returns against current returns
Autocorrelation, which is BMO Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of BMO Europe returns to help us make a trade decision. For example, suppose you find that BMO Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Europe etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Europe Lagged Returns
When evaluating BMO Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Europe etf have on its future price. BMO Europe 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 Europe autocorrelation shows the relationship between BMO Europe etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Europe High.
Regressed Prices |
| Timeline |
Pair Trading with BMO Europe
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 Europe 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 Europe will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.94 | ZWE | BMO Europe High | PairCorr |
| 0.99 | XEU | iShares MSCI Europe | PairCorr |
| 0.88 | ZEQ | BMO MSCI Europe | PairCorr |
| 0.99 | VE | Vanguard FTSE Developed | PairCorr |
Moving against BMO Etf
| 0.58 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.39 | XSP | iShares Core SP | PairCorr |
| 0.38 | VFV | Vanguard SP 500 | PairCorr |
| 0.37 | ZSP | BMO SP 500 | PairCorr |
The ability to find closely correlated positions to BMO Europe 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 Europe 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 Europe - 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 Europe High to buy it.
The correlation of BMO Europe 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 Europe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Europe High 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 Europe 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 Europe 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 Europe security.