Desjardins Canadian Universe Etf Performance
| DCU Etf | CAD 17.66 0.03 0.17% |
The etf shows a Beta (market volatility) of -0.081, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Desjardins Canadian are expected to decrease at a much lower rate. During the bear market, Desjardins Canadian is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Desjardins Canadian Universe has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Desjardins Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.53 |
Desjardins |
Desjardins Canadian Relative Risk vs. Return Landscape
If you would invest 1,783 in Desjardins Canadian Universe on August 26, 2024 and sell it today you would lose (17.00) from holding Desjardins Canadian Universe or give up 0.95% of portfolio value over 90 days. Desjardins Canadian Universe is producing return of less than zero assuming 0.2872% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Desjardins Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Desjardins Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Desjardins Canadian Universe, and traders can use it to determine the average amount a Desjardins Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0507
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| Negative Returns | DCU |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Desjardins Canadian is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Desjardins Canadian by adding Desjardins Canadian to a well-diversified portfolio.
Desjardins Canadian Fundamentals Growth
Desjardins Etf prices reflect investors' perceptions of the future prospects and financial health of Desjardins Canadian, and Desjardins Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Desjardins Etf performance.
| Total Asset | 76.11 M | |||
About Desjardins Canadian Performance
By examining Desjardins Canadian's fundamental ratios, stakeholders can obtain critical insights into Desjardins Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Desjardins Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
DESJARDINS CDN is traded on Toronto Stock Exchange in Canada.| Desjardins Canadian generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Desjardins Canadian retains about 93.61% of its assets under management (AUM) in fixed income securities |
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.