Bmo Government Bond Etf Market Value

ZGB Etf  CAD 45.11  0.14  0.31%   
BMO Government's market value is the price at which a share of BMO Government trades on a public exchange. It measures the collective expectations of BMO Government Bond investors about its performance. BMO Government is selling at 45.11 as of the 22nd of July 2025; that is 0.31 percent increase since the beginning of the trading day. The etf's open price was 44.97.
With this module, you can estimate the performance of a buy and hold strategy of BMO Government Bond and determine expected loss or profit from investing in BMO Government over a given investment horizon. Check out BMO Government Correlation, BMO Government Volatility and BMO Government Alpha and Beta module to complement your research on BMO Government.
Symbol

Please note, there is a significant difference between BMO Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if BMO Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BMO Government's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BMO Government 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BMO Government's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BMO Government.
0.00
04/23/2025
No Change 0.00  0.0 
In 3 months and 1 day
07/22/2025
0.00
If you would invest  0.00  in BMO Government on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding BMO Government Bond or generate 0.0% return on investment in BMO Government over 90 days. BMO Government is related to or competes with Mackenzie Core, Mackenzie Canadian, Mackenzie Core, Mackenzie Canadian, and Mackenzie Unconstrained. BMO Government Bond Index ETF seeks to replicate, to the extent possible, the performance of a government bond index, ne... More

BMO Government Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BMO Government's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BMO Government Bond upside and downside potential and time the market with a certain degree of confidence.

BMO Government Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BMO Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMO Government's standard deviation. In reality, there are many statistical measures that can use BMO Government historical prices to predict the future BMO Government's volatility.
Hype
Prediction
LowEstimatedHigh
44.7845.1145.44
Details
Intrinsic
Valuation
LowRealHigh
44.8545.1845.51
Details
Naive
Forecast
LowNextHigh
44.5844.9145.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
44.8845.3745.86
Details

BMO Government Bond Backtested Returns

BMO Government Bond secures Sharpe Ratio (or Efficiency) of -0.0602, which signifies that the etf had a -0.0602 % return per unit of risk over the last 3 months. BMO Government Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BMO Government's risk adjusted performance of (0.08), and Mean Deviation of 0.2592 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0497, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BMO Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding BMO Government is expected to be smaller as well.

Auto-correlation

    
  -0.24  

Weak reverse predictability

BMO Government Bond has weak reverse predictability. Overlapping area represents the amount of predictability between BMO Government time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BMO Government Bond price movement. The serial correlation of -0.24 indicates that over 24.0% of current BMO Government price fluctuation can be explain by its past prices.
Correlation Coefficient-0.24
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.06

BMO Government Bond lagged returns against current returns

Autocorrelation, which is BMO Government etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BMO Government's etf expected returns. We can calculate the autocorrelation of BMO Government returns to help us make a trade decision. For example, suppose you find that BMO Government has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

BMO Government regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BMO Government etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMO Government etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMO Government etf over time.
   Current vs Lagged Prices   
       Timeline  

BMO Government Lagged Returns

When evaluating BMO Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMO Government etf have on its future price. BMO Government autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BMO Government autocorrelation shows the relationship between BMO Government etf current value and its past values and can show if there is a momentum factor associated with investing in BMO Government Bond.
   Regressed Prices   
       Timeline  

Pair Trading with BMO Government

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BMO Government position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BMO Government will appreciate offsetting losses from the drop in the long position's value.

Moving together with BMO Etf

  0.88ZAG BMO Aggregate BondPairCorr
  0.88XBB iShares Canadian UniversePairCorr
  0.67ZCPB BMO Core PlusPairCorr
  0.88ZDB BMO Discount BondPairCorr
  0.93XGB iShares Canadian GovPairCorr

Moving against BMO Etf

  0.57RXD RBC Quant EmergingPairCorr
  0.55PMM Purpose Multi StrategyPairCorr
  0.55XIC iShares Core SPTSXPairCorr
  0.53HXE Global X SPTSXPairCorr
  0.53XEG iShares SPTSX CappedPairCorr
The ability to find closely correlated positions to BMO Government could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMO Government when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BMO Government - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BMO Government Bond to buy it.
The correlation of BMO Government is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BMO Government moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMO Government Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BMO Government can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in BMO Etf

BMO Government financial ratios help investors to determine whether BMO Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BMO with respect to the benefits of owning BMO Government security.