Bmo Tactical Dividend Etf Market Value
| ZZZD Etf | CAD 28.91 0.01 0.03% |
| Symbol | BMO |
BMO Tactical '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 Tactical'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 Tactical.
| 06/06/2024 |
| 12/03/2024 |
If you would invest 0.00 in BMO Tactical on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Tactical Dividend or generate 0.0% return on investment in BMO Tactical over 180 days. BMO Tactical is related to or competes with BMO Europe, BMO Europe, BMO SPTSX, and BMO High. This funds objective is to provide long term capital growth and current income by investing primarily in a diversified p... More
BMO Tactical 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 Tactical'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 Tactical Dividend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.9665 |
BMO Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Tactical's standard deviation. In reality, there are many statistical measures that can use BMO Tactical historical prices to predict the future BMO Tactical's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0013 | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.104 |
BMO Tactical Dividend Backtested Returns
BMO Tactical Dividend secures Sharpe Ratio (or Efficiency) of -0.0168, which signifies that the etf had a -0.0168% return per unit of risk over the last 3 months. BMO Tactical Dividend exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BMO Tactical's risk adjusted performance of (0.01), and Mean Deviation of 0.38 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMO Tactical are expected to decrease at a much lower rate. During the bear market, BMO Tactical is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
BMO Tactical Dividend has very good reverse predictability. Overlapping area represents the amount of predictability between BMO Tactical time series from 6th of June 2024 to 4th of September 2024 and 4th of September 2024 to 3rd of December 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 Tactical Dividend price movement. The serial correlation of -0.68 indicates that around 68.0% of current BMO Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
BMO Tactical Dividend lagged returns against current returns
Autocorrelation, which is BMO Tactical 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 Tactical's etf expected returns. We can calculate the autocorrelation of BMO Tactical returns to help us make a trade decision. For example, suppose you find that BMO Tactical 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 Tactical 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 Tactical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Tactical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Tactical etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Tactical Lagged Returns
When evaluating BMO Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Tactical etf have on its future price. BMO Tactical 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 Tactical autocorrelation shows the relationship between BMO Tactical etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Tactical Dividend.
Regressed Prices |
| Timeline |
Pair Trading with BMO Tactical
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 Tactical 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 Tactical will appreciate offsetting losses from the drop in the long position's value.Moving against BMO Etf
The ability to find closely correlated positions to BMO Tactical 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 Tactical 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 Tactical - 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 Tactical Dividend to buy it.
The correlation of BMO Tactical 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 Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Tactical Dividend 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 Tactical 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 Tactical 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 Tactical security.