Bmo Covered Call Etf Technical Analysis
| ZWB Etf | CAD 17.95 0.10 0.56% |
As of the 16th of April 2024, BMO Covered shows the risk adjusted performance of 0.0535, and Mean Deviation of 0.4204. In relation to fundamental indicators, the technical analysis model gives you tools to check helpful technical drivers of BMO Covered, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for BMO Covered Call, which can be compared to its peers. Please confirm BMO Covered Call information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if BMO Covered Call is priced favorably, providing market reflects its regular price of 17.95 per share.
BMO Covered Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BMO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BMOBMO |
BMO Covered 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.
BMO Covered Call Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of BMO Covered Call volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BMO Covered Call Trend Analysis
Use this graph to draw trend lines for BMO Covered Call. You can use it to identify possible trend reversals for BMO Covered as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BMO Covered price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BMO Covered Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BMO Covered Call applied against its price change over selected period. The best fit line has a slop of 0.02 , which means BMO Covered Call will continue generating value for investors. It has 122 observation points and a regression sum of squares at 16.37, which is the sum of squared deviations for the predicted BMO Covered price change compared to its average price change.About BMO Covered Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BMO Covered Call on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BMO Covered Call based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on BMO Covered Call price pattern first instead of the macroeconomic environment surrounding BMO Covered Call. By analyzing BMO Covered's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BMO Covered's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BMO Covered specific price patterns or momentum indicators. Please read more on our technical analysis page.
BMO Covered April 16, 2024 Technical Indicators
Most technical analysis of BMO help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BMO from various momentum indicators to cycle indicators. When you analyze BMO charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0535 | |||
| Market Risk Adjusted Performance | (1.28) | |||
| Mean Deviation | 0.4204 | |||
| Semi Deviation | 0.5711 | |||
| Downside Deviation | 0.6923 | |||
| Coefficient Of Variation | 1145.37 | |||
| Standard Deviation | 0.5578 | |||
| Variance | 0.3111 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.29) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.919 | |||
| Downside Variance | 0.4793 | |||
| Semi Variance | 0.3262 | |||
| Expected Short fall | (0.42) | |||
| Skewness | (0.63) | |||
| Kurtosis | 0.9712 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in BMO Covered Call. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the BMO Covered Call information on this page should be used as a complementary analysis to other BMO Covered's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.