Desjardins Ri Canada Etf Net Asset
| DRFC Etf | 33.20 0.08 0.24% |
Desjardins RI Canada fundamentals help investors to digest information that contributes to Desjardins' 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' 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 etf.
Desjardins |
Desjardins RI Canada ETF Net Asset Analysis
Desjardins' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Desjardins RI Canada has a Net Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Canadian Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Desjardins Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Desjardins' direct or indirect competition against its Net 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 could also be used in its relative valuation, which is a method of valuing Desjardins by comparing valuation metrics of similar companies.Desjardins is currently under evaluation in net asset as compared to similar ETFs.
Desjardins Fundamentals
| Beta | 0.93 | |||
| One Year Return | 32.20 % | |||
| Three Year Return | 15.30 % | |||
| Five Year Return | 13.10 % |
About Desjardins Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Desjardins RI Canada's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Desjardins using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Desjardins RI Canada 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
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Desjardins Etf
| 0.99 | XIU | iShares SPTSX 60 | PairCorr |
| 0.99 | XIC | iShares Core SPTSX | PairCorr |
| 0.99 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.98 | VCN | Vanguard FTSE Canada | PairCorr |
| 0.99 | HXT | Global X SPTSX | PairCorr |
Moving against Desjardins Etf
| 0.98 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.94 | HIU | BetaPro SP 500 | PairCorr |
| 0.92 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.57 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.46 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Desjardins 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 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 - 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 RI Canada to buy it.
The correlation of Desjardins 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins RI Canada 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 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 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 security.