Desjardins Global Macro Etf Market Value
| DGLM Etf | 20.14 0.00 0.00% |
| Symbol | Desjardins |
Desjardins Global '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 Desjardins Global'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 Desjardins Global.
| 12/16/2025 |
| 01/15/2026 |
If you would invest 0.00 in Desjardins Global on December 16, 2025 and sell it all today you would earn a total of 0.00 from holding Desjardins Global Macro or generate 0.0% return on investment in Desjardins Global over 30 days.
Desjardins Global 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 Desjardins Global'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 Desjardins Global Macro upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.73) | |||
| Maximum Drawdown | 1.59 |
Desjardins Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desjardins Global's standard deviation. In reality, there are many statistical measures that can use Desjardins Global historical prices to predict the future Desjardins Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 1.18 |
Desjardins Global Macro Backtested Returns
As of now, Desjardins Etf is very steady. Desjardins Global Macro secures Sharpe Ratio (or Efficiency) of 0.0204, which denotes the etf had a 0.0204 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Desjardins Global Macro, which you can use to evaluate the volatility of the entity. Please confirm Desjardins Global's Standard Deviation of 0.1601, variance of 0.0256, and Mean Deviation of 0.036 to check if the risk estimate we provide is consistent with the expected return of 0.0034%. The etf shows a Beta (market volatility) of -0.0058, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Desjardins Global are expected to decrease at a much lower rate. During the bear market, Desjardins Global is likely to outperform the market.
Auto-correlation | 1.00 |
Perfect predictability
Desjardins Global Macro has perfect predictability. Overlapping area represents the amount of predictability between Desjardins Global time series from 16th of December 2025 to 31st of December 2025 and 31st of December 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Desjardins Global Macro price movement. The serial correlation of 1.0 indicates that 100.0% of current Desjardins Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Desjardins Global Macro lagged returns against current returns
Autocorrelation, which is Desjardins Global 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 Desjardins Global's etf expected returns. We can calculate the autocorrelation of Desjardins Global returns to help us make a trade decision. For example, suppose you find that Desjardins Global 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 |
Desjardins Global 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 Desjardins Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desjardins Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desjardins Global etf over time.
Current vs Lagged Prices |
| Timeline |
Desjardins Global Lagged Returns
When evaluating Desjardins Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desjardins Global etf have on its future price. Desjardins Global 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, Desjardins Global autocorrelation shows the relationship between Desjardins Global etf current value and its past values and can show if there is a momentum factor associated with investing in Desjardins Global Macro.
Regressed Prices |
| Timeline |
Pair Trading with Desjardins Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Desjardins Global 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 Global 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 Global - 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 Global Macro to buy it.
The correlation of Desjardins Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins Global Macro 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 Global 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.