Desjardins American Equity Etf Market Value
| DMEU Etf | 24.55 0.01 0.04% |
| Symbol | Desjardins |
Desjardins American '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 American'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 American.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Desjardins American on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Desjardins American Equity or generate 0.0% return on investment in Desjardins American over 690 days. Desjardins American is related to or competes with Franklin Bissett, FT AlphaDEX, Dynamic Active, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. Desjardins American is entity of Canada. It is traded as Etf on TO exchange. More
Desjardins American 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 American'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 American Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7419 | |||
| Information Ratio | 0.0784 | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.16 |
Desjardins American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desjardins American's standard deviation. In reality, there are many statistical measures that can use Desjardins American historical prices to predict the future Desjardins American's volatility.| Risk Adjusted Performance | 0.2042 | |||
| Jensen Alpha | 0.1239 | |||
| Total Risk Alpha | 0.0633 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.3882 |
Desjardins American Backtested Returns
Desjardins American appears to be very steady, given 3 months investment horizon. Desjardins American secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Desjardins American Equity, which you can use to evaluate the volatility of the entity. Please utilize Desjardins American's Mean Deviation of 0.5206, coefficient of variation of 373.42, and Downside Deviation of 0.7419 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Desjardins American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desjardins American is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Desjardins American Equity has no correlation between past and present. Overlapping area represents the amount of predictability between Desjardins American time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd of December 2024. 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 American price movement. The serial correlation of 0.0 indicates that just 0.0% of current Desjardins American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Desjardins American lagged returns against current returns
Autocorrelation, which is Desjardins American 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 American's etf expected returns. We can calculate the autocorrelation of Desjardins American returns to help us make a trade decision. For example, suppose you find that Desjardins American 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 American 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 American etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desjardins American etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desjardins American etf over time.
Current vs Lagged Prices |
| Timeline |
Desjardins American Lagged Returns
When evaluating Desjardins American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desjardins American etf have on its future price. Desjardins American 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 American autocorrelation shows the relationship between Desjardins American etf current value and its past values and can show if there is a momentum factor associated with investing in Desjardins American Equity.
Regressed Prices |
| Timeline |
Pair Trading with Desjardins American
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 American 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 American will appreciate offsetting losses from the drop in the long position's value.Moving together with Desjardins Etf
| 0.97 | XSP | iShares Core SP | PairCorr |
| 1.0 | ZSP | BMO SP 500 | PairCorr |
| 1.0 | VFV | Vanguard SP 500 | PairCorr |
| 1.0 | HXS | Global X SP | PairCorr |
| 1.0 | XUS | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Desjardins American 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 American 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 American - 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 American Equity to buy it.
The correlation of Desjardins American 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 American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins American 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 American 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 American 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 American security.