Desjardins Five Year Return vs. Beta
| DRCU Etf | CAD 18.86 0.13 0.69% |
For Desjardins profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Desjardins to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Desjardins RI Active utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Desjardins's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Desjardins RI Active over time as well as its relative position and ranking within its peers.
Desjardins |
Desjardins RI Active Beta vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Desjardins's current stock value. Our valuation model uses many indicators to compare Desjardins value to that of its competitors to determine the firm's financial worth. Desjardins RI Active is one of the top ETFs in five year return as compared to similar ETFs. It also is one of the top ETFs in beta as compared to similar ETFs totaling about 2.65 of Beta per Five Year Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value Desjardins by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Desjardins' Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Desjardins Beta vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Desjardins |
| = | 0.40 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Desjardins |
| = | 1.06 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Desjardins Beta Comparison
Desjardins is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
Desjardins returns are very sensitive to returns on the market. As the market goes up or down, Desjardins is expected to follow.
Desjardins Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Desjardins, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Desjardins will eventually generate negative long term returns. The profitability progress is the general direction of Desjardins' change in net profit over the period of time. It can combine multiple indicators of Desjardins, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Desjardins RI Active Canadian Bond - Low CO2 ETF DRCU seeks to achieve a total return comprised of income and long-term capital appreciation by actively investing primarily in debt securities issued by Canadian governments, government agencies and corporations that meet certain ESG criteria determined by the Manager, including at the Managers discretion, debt securities of issuers that reduce the investment carbon intensity levels of the overall portfolio. DESJARDINS is traded on Toronto Stock Exchange in Canada.
Desjardins Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Desjardins. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Desjardins position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Desjardins' important profitability drivers and their relationship over time.
| Five Year Return vs One Year Return | ||
| Three Year Return vs Beta | ||
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| Last Dividend Paid vs Beta | ||
| Five Year Return vs Bond Positions Weight |
Use Desjardins in pair-trading
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.Desjardins Pair Trading
Desjardins RI Active Pair Trading Analysis
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 Active 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 Active 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.Use Investing Themes to Complement your Desjardins position
In addition to having Desjardins in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Money Market Funds Thematic Idea Now
Money Market Funds
Funds or Etfs investing in various types of short-term (less than one year) fixed income instruments of high-quality and liquidity. The Money Market Funds theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Money Market Funds Theme or any other thematic opportunities.
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Other Information on Investing in Desjardins Etf
To fully project Desjardins' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Desjardins RI Active at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Desjardins' income statement, its balance sheet, and the statement of cash flows.