Bmo Preferred Share Etf Price To Earning
| ZHP Etf | CAD 18.50 0.25 1.33% |
BMO Preferred Share fundamentals help investors to digest information that contributes to BMO Preferred'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 Preferred'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 Preferred etf.
BMO |
BMO Preferred Share ETF Price To Earning Analysis
BMO Preferred's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, BMO Preferred Share has a Price To Earning of 0.0 times. 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 Preferred Share Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
BMO Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO Preferred's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO Preferred could also be used in its relative valuation, which is a method of valuing BMO Preferred by comparing valuation metrics of similar companies.BMO Preferred is currently under evaluation in price to earning as compared to similar ETFs.
BMO Fundamentals
| Beta | 1.01 | |||
| Total Asset | 18.47 M | |||
| One Year Return | 15.40 % | |||
| Three Year Return | (1.80) % | |||
| Five Year Return | 1.30 % | |||
| Net Asset | 18.47 M | |||
| Last Dividend Paid | 0.11 |
About BMO Preferred Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO Preferred Share's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO Preferred using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO Preferred Share 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 Preferred
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 Preferred 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 Preferred will appreciate offsetting losses from the drop in the long position's value.Moving against BMO Etf
| 0.6 | FBTC | Fidelity Advantage | PairCorr |
| 0.6 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.6 | EBIT | Bitcoin ETF CAD | PairCorr |
| 0.5 | PR | Lysander Slater Pref | PairCorr |
| 0.46 | RPF | RBC Canadian Preferred | PairCorr |
The ability to find closely correlated positions to BMO Preferred 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 Preferred 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 Preferred - 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 Preferred Share to buy it.
The correlation of BMO Preferred 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 Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Preferred Share 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 Preferred 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 Preferred 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 Preferred security.