The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 67%. Our forward projection puts the odds of a 10% gain over the next month near 17%.
MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs BNKD
An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · The ETNs are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged inverse participation in the performance of the index, compounded daily, less a Daily Financing C…
read at $35.99
MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs holds its Distribution at $35.99.
- PHPhase · the trend structure carries the Distribution label
- INInsiders · no filings inside 60 days, left as found
- POPositioning · no disclosures inside 60 days, left as found
- OPOptions · no verdict drawn today, left as found
- SCScreen · does not pass the values gate
- edge confirmed
- edge broken
- edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Distribution · caution |
| Quantitative state | Consolidating, no directional conviction, held for 16 days |
| Price | $35.99 |
| Valuation | 11.68 trailing · N/A forward price to earnings |
| Values screen | FAIL · score 30.0 |
| Beta | N/A |
The business, in plain words · what the numbers mean
| Trailing P/E | 11.7x reasonably valued |
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
The trader read · the latest dated commentary
The dated journal · newest first, never edited
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 67%. Our forward projection puts the odds of a 10% gain over the next month near 17%.
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
What holding actually paid · price plus dividends
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $46.15 | -19.7% | · | $803 | -19.7% |
| 2 months | $44.56 | -16.9% | · | $831 | -16.9% |
| 3 months | $63.07 | -41.3% | · | $587 | -41.3% |
| 6 months | $51.55 | -28.1% | · | $719 | -28.1% |
| 1 year | $113.52 | -67.4% | · | $326 | -67.4% |
Historical returns from market close data. Past performance does not guarantee future results.