Bmo Low Volatility Etf Net Asset
| ZLD Etf | CAD 28.05 0.15 0.53% |
BMO Low Volatility fundamentals help investors to digest information that contributes to BMO Low'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 Low'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 Low etf.
BMO |
BMO Low Volatility ETF Net Asset Analysis
BMO Low's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current BMO Low Net Asset | 76.1 M |
Most of BMO Low's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BMO Low Volatility is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, BMO Low Volatility has a Net Asset of 76.1 M. This is much higher than that of the BMO Asset Management Inc family and significantly higher than that of the International Equity category. The net asset for all Canada etfs is notably lower than that of the firm.
BMO Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BMO Low's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BMO Low could also be used in its relative valuation, which is a method of valuing BMO Low by comparing valuation metrics of similar companies.BMO Low is currently under evaluation in net asset as compared to similar ETFs.
Fund Asset Allocation for BMO Low
The fund consists of 98.26% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides BMO Low's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
BMO Fundamentals
| Price To Earning | 19.33 X | |||
| Price To Book | 1.97 X | |||
| Price To Sales | 1.67 X | |||
| Beta | 0.68 | |||
| Total Asset | 76.1 M | |||
| One Year Return | 13.50 % | |||
| Three Year Return | 5.50 % | |||
| Five Year Return | 4.60 % | |||
| Net Asset | 76.1 M | |||
| Last Dividend Paid | 0.14 | |||
| Equity Positions Weight | 98.26 % |
About BMO Low Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BMO Low Volatility's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BMO Low using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BMO Low Volatility 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 Low
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 Low 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 Low will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.72 | XEF | iShares Core MSCI | PairCorr |
| 0.72 | ZEA | BMO MSCI EAFE | PairCorr |
| 0.75 | VIU | Vanguard FTSE Developed | PairCorr |
Moving against BMO Etf
| 0.61 | CALL | Evolve Banks Enhanced | PairCorr |
| 0.5 | FTN | Financial 15 Split | PairCorr |
| 0.49 | GDV | Global Dividend Growth | PairCorr |
| 0.47 | MFT | Mackenzie Floating Rate | PairCorr |
| 0.36 | PAYF | Purpose Enhanced Premium | PairCorr |
The ability to find closely correlated positions to BMO Low 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 Low 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 Low - 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 Low Volatility to buy it.
The correlation of BMO Low 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 Low moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Low Volatility 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 Low 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 Low 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 Low security.