BAC vs BMO Pair Trader Performance: 6.93% vs 0.60%, 73% Correlation Comparison
Analyzing the performance of the financial sector, we can draw certain parallels and contrasts between BAC Pair Trader and BMO Pair Trader. The former's technical analysis (TA) presents an impressive yield of 6.93%, which significantly outperforms BMO Pair Trader's TA result of just 0.60%.
Diving deeper into the realm of automated trading, a comparison between Bot Trading Pair Trader and the conventional Pair Trader reveals an intriguing panorama. The effectiveness of these trading strategies heavily depends on market conditions, the algorithm's ability to accurately identify and capitalize on market inefficiencies, and the latency and computational power of the trading systems used. As such, the performance comparison of these trading strategies should be based on consistent, long-term results rather than short-term performance.
When it comes to price growth, BAC experienced a minor dip of -0.60% in the past week, contrasting with BMO's slight uptick of +1.86% over the same period. These weekly price changes situate both banks within the average weekly price movement across the @Major Banks industry, which was -0.48%. Looking at a broader perspective, the average monthly price growth in the industry stood at +0.22%, while the quarterly growth was recorded at +2.52%. These figures provide a lens into the broader market trends and underline the importance of considering the longer-term growth trajectories.
With respect to the upcoming earnings reports, BAC is slated to announce its figures on July 18, 2023, while BMO will do the same on August 29, 2023. The anticipation surrounding these dates can contribute to price volatility as investors reassess their positions based on the reported earnings.
Lastly, the correlation between BAC and BMO, standing at 73%, underscores their movement in tandem to a large extent. This closely linked performance reflects the similar market forces affecting these major banks.
BMO's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for BMO turned positive on April 16, 2025. Looking at past instances where BMO's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BMO's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on BMO as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BMO advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .
BMO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BMO entered a downward trend on April 10, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 33, placing this stock slightly worse than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BMO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.294) is normal, around the industry mean (0.958). BMO's P/E Ratio (18.142) is considerably higher than the industry average of (8.937). Projected Growth (PEG Ratio) (0.750) is also within normal values, averaging (2.643). Dividend Yield (0.044) settles around the average of (0.053) among similar stocks. P/S Ratio (2.815) is also within normal values, averaging (2.460).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a major bank
Industry MajorBanks