Bmo Tactical Dividend Stock Market Value
| ZZZD Stock | CAD 28.57 0.27 0.95% |
| 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 stock 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.
| 03/16/2024 |
| 06/14/2024 |
If you would invest 0.00 in BMO Tactical on March 16, 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 90 days. BMO Tactical is related to or competes with Financial, Rubicon Organics, Amazon CDR, Rocky Mountain, Intact Financial, Torr Metals, and Data Communications. 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 stock 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.
| Downside Deviation | 0.8102 | |||
| Information Ratio | 0.0804 | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.36 |
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 | 0.0499 | |||
| Jensen Alpha | 0.0495 | |||
| Total Risk Alpha | 0.0635 | |||
| Sortino Ratio | 0.0751 | |||
| Treynor Ratio | 0.5742 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BMO Tactical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BMO Tactical Dividend Backtested Returns
We consider BMO Tactical very steady. BMO Tactical Dividend secures Sharpe Ratio (or Efficiency) of 0.0673, which signifies that the company had a 0.0673% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BMO Tactical Dividend, which you can use to evaluate the volatility of the firm. Please confirm BMO Tactical's risk adjusted performance of 0.0499, and Mean Deviation of 0.5749 to double-check if the risk estimate we provide is consistent with the expected return of 0.0482%. BMO Tactical has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0844, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Tactical is expected to be smaller as well. BMO Tactical Dividend now shows a risk of 0.72%. Please confirm BMO Tactical Dividend maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if BMO Tactical Dividend will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
BMO Tactical Dividend has virtually no predictability. Overlapping area represents the amount of predictability between BMO Tactical time series from 16th of March 2024 to 30th of April 2024 and 30th of April 2024 to 14th of June 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 0.07 indicates that barely 7.0% of current BMO Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BMO Tactical Dividend lagged returns against current returns
Autocorrelation, which is BMO Tactical stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Tactical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Tactical stock 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 stock 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 stock 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 |
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BMO Tactical financial ratios help investors to determine whether BMO Stock 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.