Bmo Equal Weight Etf Performance
| ZBK Etf | CAD 29.15 0.19 0.66% |
The etf shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Equal's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Equal is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in BMO Equal Weight are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating forward-looking signals, BMO Equal may actually be approaching a critical reversion point that can send shares even higher in June 2024. ...more
| In Threey Sharp Ratio | -0.02 |
BMO |
BMO Equal Relative Risk vs. Return Landscape
If you would invest 2,623 in BMO Equal Weight on February 2, 2024 and sell it today you would earn a total of 292.00 from holding BMO Equal Weight or generate 11.13% return on investment over 90 days. BMO Equal Weight is generating 0.1734% of daily returns assuming 1.0825% volatility of returns over the 90 days investment horizon. Simply put, 9% of all etfs have less volatile historical return distribution than BMO Equal, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BMO Equal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Equal's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BMO Equal Weight, and traders can use it to determine the average amount a BMO Equal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1602
| Best Portfolio | Best Equity | |||
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| Small Returns | ZBK | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.08 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average BMO Equal is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BMO Equal by adding it to a well-diversified portfolio.
BMO Equal Fundamentals Growth
BMO Etf prices reflect investors' perceptions of the future prospects and financial health of BMO Equal, and BMO Equal fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BMO Etf performance.
| Total Asset | 715.35 M | |||
About BMO Equal Performance
To evaluate BMO Equal Weight Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when BMO Equal generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare BMO Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand BMO Equal Weight market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents BMO's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.BMO Equal Weight US Banks Index ETF seeks to replicate, to the extent possible, the performance of a U.S. large capitalization banks index representing U.S. banks included in a U.S. bank sector or subsector industry classification, net of expenses. BMO EQUAL is traded on Toronto Stock Exchange in Canada.| The fund generated three year return of -1.0% | |
| BMO Equal Weight keeps 99.59% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in BMO Equal Weight. 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. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.