Bmo Women In Etf Market Value
| WOMN Etf | CAD 38.76 0.17 0.44% |
| Symbol | BMO |
BMO Women '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 Women'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 Women.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in BMO Women on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Women In or generate 0.0% return on investment in BMO Women over 30 days. BMO Women is related to or competes with BMO Mid, BMO High, IShares Core, and BMO Short. This funds objective is to increase the value of your investment over the long term by investing primarily in issuers th... More
BMO Women 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 Women'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 Women In upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5599 | |||
| Information Ratio | 0.0513 | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 1.09 |
BMO Women Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Women's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Women's standard deviation. In reality, there are many statistical measures that can use BMO Women historical prices to predict the future BMO Women's volatility.| Risk Adjusted Performance | 0.1641 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | 0.0493 | |||
| Sortino Ratio | 0.0512 | |||
| Treynor Ratio | 0.4143 |
BMO Women In Backtested Returns
As of now, BMO Etf is very steady. BMO Women In 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-seven technical indicators for BMO Women In, which you can use to evaluate the volatility of the entity. Please confirm BMO Women's risk adjusted performance of 0.1641, and Mean Deviation of 0.3978 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Women's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Women is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
BMO Women In has insignificant predictability. Overlapping area represents the amount of predictability between BMO Women time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Women In price movement. The serial correlation of 0.11 indicates that less than 11.0% of current BMO Women price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
BMO Women In lagged returns against current returns
Autocorrelation, which is BMO Women 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 Women's etf expected returns. We can calculate the autocorrelation of BMO Women returns to help us make a trade decision. For example, suppose you find that BMO Women 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 Women 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 Women etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Women etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Women etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Women Lagged Returns
When evaluating BMO Women's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Women etf have on its future price. BMO Women 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 Women autocorrelation shows the relationship between BMO Women etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Women In.
Regressed Prices |
| Timeline |
Pair Trading with BMO Women
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 Women 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 Women will appreciate offsetting losses from the drop in the long position's value.Moving together with BMO Etf
| 0.94 | WSRI | Wealthsimple North | PairCorr |
| 0.82 | Purpose Core Dividend | PairCorr | |
| 0.99 | ZFN | BMO SIA Focused | PairCorr |
| 0.95 | PBI | Purpose Best Ideas | PairCorr |
| 0.83 | PDIV | Purpose Enhanced Dividend | PairCorr |
Moving against BMO Etf
The ability to find closely correlated positions to BMO Women 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 Women 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 Women - 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 Women In to buy it.
The correlation of BMO Women 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 Women moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Women In 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 Women 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 Women 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 Women security.