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.
The Moving Average Convergence Divergence (MACD) for BMO turned positive on August 30, 2023. Looking at past instances where BMO's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BMO's RSI Indicator exited the oversold zone, of 34 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 August 30, 2023. You may want to consider a long position or call options on BMO as a result. In of 70 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 358 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where BMO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
BMO moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
BMO broke above its upper Bollinger Band on September 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BMO entered a downward trend on September 08, 2023. 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.
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 slightly overvalued 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 (1.168) is normal, around the industry mean (0.992). P/E Ratio (11.390) is within average values for comparable stocks, (16.894). Projected Growth (PEG Ratio) (7.049) is also within normal values, averaging (3.508). Dividend Yield (0.049) settles around the average of (0.056) among similar stocks. P/S Ratio (2.591) is also within normal values, averaging (2.461).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BMO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a major bank
A.I.dvisor indicates that over the last year, BMO has been closely correlated with RY. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if BMO jumps, then RY could also see price increases.