Bank of Montreal Stock Forecast - Daily Balance Of Power
| BMO Stock | USD 96.84 0.14 0.14% |
Bank Stock Forecast is based on your current time horizon. Although Bank of Montreal's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bank of Montreal's systematic risk associated with finding meaningful patterns of Bank of Montreal fundamentals over time.
Bank |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.8655 | 0.7143 |
| Check Bank of Montreal Volatility | Backtest Bank of Montreal | Trend Details |
Bank of Montreal Trading Date Momentum
| On December 09 2024 Bank of Montreal was traded for 100.80 at the closing time. Highest Bank of Montreal's price during the trading hours was 103.91 and the lowest price during the day was 100.77 . The net volume was 996.1 K. The overall trading history on the 9th of December contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.51% . The overall trading delta to current price is 1.85% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Bank of Montreal to competition |
Other Forecasting Options for Bank of Montreal
For every potential investor in Bank, whether a beginner or expert, Bank of Montreal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bank. Basic forecasting techniques help filter out the noise by identifying Bank of Montreal's price trends.Bank of Montreal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bank of Montreal stock to make a market-neutral strategy. Peer analysis of Bank of Montreal could also be used in its relative valuation, which is a method of valuing Bank of Montreal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bank of Montreal Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bank of Montreal's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bank of Montreal's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bank of Montreal Market Strength Events
Market strength indicators help investors to evaluate how Bank of Montreal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of Montreal shares will generate the highest return on investment. By undertsting and applying Bank of Montreal stock market strength indicators, traders can identify Bank of Montreal entry and exit signals to maximize returns.
Bank of Montreal Risk Indicators
The analysis of Bank of Montreal's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bank of Montreal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.7576 | |||
| Semi Deviation | 0.6899 | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.25 | |||
| Downside Variance | 0.7262 | |||
| Semi Variance | 0.476 | |||
| Expected Short fall | (0.99) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Bank of Montreal
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.87 | C | Citigroup Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.88 | CM | Canadian Imperial Bank | PairCorr |
Moving against Bank Stock
| 0.83 | JPM-PK | JPMorgan Chase | PairCorr |
| 0.83 | JPM-PM | JPMorgan Chase | PairCorr |
| 0.83 | JPM-PL | JPMorgan Chase | PairCorr |
| 0.81 | TD | Toronto Dominion Bank | PairCorr |
| 0.8 | JPM-PJ | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Bank of Montreal 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 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 - 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 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Montreal 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 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.Check out Historical Fundamental Analysis of Bank of Montreal to cross-verify your projections. To learn how to invest in Bank Stock, please use our How to Invest in Bank of Montreal guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Montreal. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Montreal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.17 | Earnings Share 6.61 | Revenue Per Share 43.316 | Quarterly Revenue Growth (0.04) | Return On Assets 0.005 |
The market value of Bank of Montreal is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Montreal's value that differs from its market value or its book value, called intrinsic value, which is Bank of Montreal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Montreal's market value can be influenced by many factors that don't directly affect Bank of Montreal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Montreal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Montreal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Montreal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.