Desjardins Canadian Preferred Etf Total Asset
| DCP Etf | CAD 19.04 0.01 0.05% |
Desjardins Canadian Preferred fundamentals help investors to digest information that contributes to Desjardins Canadian's financial success or failures. It also enables traders to predict the movement of Desjardins Etf. The fundamental analysis module provides a way to measure Desjardins Canadian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Desjardins Canadian etf.
Desjardins |
Desjardins Canadian Preferred ETF Total Asset Analysis
Desjardins Canadian's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Desjardins Canadian Total Asset | 12.11 M |
Most of Desjardins Canadian's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Desjardins Canadian Preferred is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
| Competition |
Based on the latest financial disclosure, Desjardins Canadian Preferred has a Total Asset of 12.11 M. This is much higher than that of the DGAM family and significantly higher than that of the Preferred Share Fixed Income category. The total asset for all Canada etfs is notably lower than that of the firm.
Desjardins Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Desjardins Canadian's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Desjardins Canadian could also be used in its relative valuation, which is a method of valuing Desjardins Canadian by comparing valuation metrics of similar companies.Desjardins Canadian is currently under evaluation in total asset as compared to similar ETFs.
Desjardins Fundamentals
| Beta | 1.0 | |||
| Total Asset | 12.11 M | |||
| One Year Return | 29.70 % | |||
| Three Year Return | 2.10 % | |||
| Five Year Return | 7.30 % | |||
| Net Asset | 12.11 M | |||
| Last Dividend Paid | 0.073 |
About Desjardins Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Desjardins Canadian Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Desjardins Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Desjardins Canadian Preferred based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Desjardins Canadian
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 Desjardins Canadian 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 Desjardins Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Desjardins Etf
The ability to find closely correlated positions to Desjardins Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desjardins Canadian 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 Desjardins Canadian - 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 Desjardins Canadian Preferred to buy it.
The correlation of Desjardins Canadian 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 Desjardins Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins Canadian 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 Desjardins Canadian 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.Other Information on Investing in Desjardins Etf
Desjardins Canadian financial ratios help investors to determine whether Desjardins 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 Desjardins with respect to the benefits of owning Desjardins Canadian security.