BMO Put Correlations
| ZPH Etf | CAD 13.61 0.01 0.07% |
The current 90-days correlation between BMO Put Write and Invesco RAFI Global is -0.02 (i.e., Good diversification).Understanding BMO Put's correlation with other assets helps investors build better-diversified portfolios. When two assets are highly correlated, they tend to rise and fall together, reducing the benefit of holding both.
BMO Put Correlation With Broad Market
Very weak diversification
ZPH currently posts a 0.44 correlation with DJI, indicating a Very weak diversification relationship for the active sample. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
BMO |
This correlation view provides context for how BMO Put relates to similar exposures. Some jurisdictions apply wash sale rules to substantially identical replacements; this is provided as general context.
Moving together with BMO Etf
Moving against BMO Etf
| 0.85 | HEU | BetaPro SAMPP TSX | PairCorr |
| 0.84 | HXE | Global X SAMPPTSX | PairCorr |
| 0.83 | XEG | iShares SAMPPTSX Capped | PairCorr |
| 0.75 | SPXD | BetaPro SAMPP 500 | PairCorr |
| 0.74 | PRA | Purpose Diversified Real | PairCorr |
| 0.58 | JAPN | CI WisdomTree Japan | PairCorr |
| 0.49 | HBU | BetaPro Gold Bullion | PairCorr |
| 0.49 | ZIN | BMO SAMPPTSX Equal | PairCorr |
| 0.41 | ZJG | BMO Junior Gold | PairCorr |
| 0.4 | ZGD | BMO Equal Weight | PairCorr |
| 0.36 | HGGG | Harvest Global Gold | PairCorr |
| 0.35 | XGD | iShares SAMPPTSX Global | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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BMO Put Constituents Risk-Adjusted Indicators
Surface-level performance for BMO Etf can mask how the business actually stacks up against its competitive set. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BMO Put's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.48 | 0.01 | 0.00 | -0.08 | 0.00 | 2.33 | 14.24 | |||
| MSFT | 1.26 | -0.26 | 0.00 | -0.63 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.52 | -0.11 | 0.00 | -0.30 | 0.00 | 3.18 | 11.09 | |||
| F | 1.34 | -0.10 | 0.00 | -0.18 | 0.00 | 3.61 | 10.01 | |||
| T | 1.11 | 0.19 | 0.20 | -1.16 | 1.17 | 3.87 | 8.53 | |||
| A | 1.26 | -0.28 | 0.00 | -0.36 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.82 | -0.38 | 0.00 | -0.67 | 0.00 | 3.41 | 9.78 | |||
| JPM | 1.12 | -0.02 | 0.00 | -0.10 | 0.00 | 2.02 | 8.17 | |||
| MRK | 1.13 | 0.32 | 0.25 | 0.62 | 1.22 | 2.54 | 7.29 | |||
| XOM | 1.34 | 0.44 | 0.34 | 5.51 | 1.15 | 2.90 | 6.83 |
Be your own money manager
Serious investors usually evaluate BMO Put Write in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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