Desjardins American Equity Etf Performance
| DMEU Etf | 24.56 0.22 0.90% |
The etf shows a Beta (market volatility) of 0.049, which means not very significant fluctuations relative to the market. 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.
Risk-Adjusted Performance
24 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Desjardins American Equity are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Desjardins American displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Desjardins |
Desjardins American Relative Risk vs. Return Landscape
If you would invest 2,144 in Desjardins American Equity on September 2, 2024 and sell it today you would earn a total of 312.00 from holding Desjardins American Equity or generate 14.55% return on investment over 90 days. Desjardins American Equity is generating 0.2148% of daily returns and assumes 0.6867% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than Desjardins, and 96% 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 American Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins American's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Desjardins American Equity, and traders can use it to determine the average amount a Desjardins American'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 = 0.3128
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Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Desjardins American is performing at about 24% of its full potential. 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 American by adding it to a well-diversified portfolio.
About Desjardins American Performance
By examining Desjardins American's fundamental ratios, stakeholders can obtain critical insights into Desjardins American'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 American 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.