Bmo Dow Jones Etf Market Value
| ZDJ Etf | CAD 59.79 0.07 0.12% |
| Symbol | BMO |
BMO Dow '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 Dow'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 Dow.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in BMO Dow on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding BMO Dow Jones or generate 0.0% return on investment in BMO Dow over 30 days. BMO Dow is related to or competes with IShares Core, IShares SP, IShares High, IShares MSCI, and IShares SP. BMO Dow Jones Industrial Average Hedged to CAD Index ETF seeks to replicate, to the extent possible, the performance of ... More
BMO Dow 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 Dow'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 Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6665 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.9627 |
BMO Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Dow's standard deviation. In reality, there are many statistical measures that can use BMO Dow historical prices to predict the future BMO Dow's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0245 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BMO Dow'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 Dow Jones Backtested Returns
We consider BMO Dow very steady. BMO Dow Jones secures Sharpe Ratio (or Efficiency) of 0.0413, which signifies that the etf had a 0.0413% return per unit of risk over the last 3 months. We have found thirty technical indicators for BMO Dow Jones, which you can use to evaluate the volatility of the entity. Please confirm BMO Dow's mean deviation of 0.4837, and Risk Adjusted Performance of 0.032 to double-check if the risk estimate we provide is consistent with the expected return of 0.0263%. The etf shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. BMO Dow returns are very sensitive to returns on the market. As the market goes up or down, BMO Dow is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
BMO Dow Jones has insignificant predictability. Overlapping area represents the amount of predictability between BMO Dow time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Dow Jones price movement. The serial correlation of 0.1 indicates that less than 10.0% of current BMO Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
BMO Dow Jones lagged returns against current returns
Autocorrelation, which is BMO Dow 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 Dow's etf expected returns. We can calculate the autocorrelation of BMO Dow returns to help us make a trade decision. For example, suppose you find that BMO Dow 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 Dow 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 Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Dow etf over time.
Current vs Lagged Prices |
| Timeline |
BMO Dow Lagged Returns
When evaluating BMO Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Dow etf have on its future price. BMO Dow 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 Dow autocorrelation shows the relationship between BMO Dow etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Dow Jones.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out BMO Dow Correlation, BMO Dow Volatility and BMO Dow Alpha and Beta module to complement your research on BMO Dow. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
BMO Dow technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.