Desjardins Financial Statements From 2010 to 2024

DRMC Etf  CAD 33.13  0.05  0.15%   
Desjardins financial statements provide useful quarterly and yearly information to potential Desjardins RI Canada investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Desjardins financial statements helps investors assess Desjardins' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Desjardins' valuation are summarized below:
Desjardins RI Canada does not presently have any fundamental signals for analysis.
Check Desjardins financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Desjardins' main balance sheet or income statement drivers, such as , as well as many indicators such as . Desjardins financial statements analysis is a perfect complement when working with Desjardins Valuation or Volatility modules.
  
This module can also supplement various Desjardins Technical models . Check out the analysis of Desjardins Correlation against competitors.

Desjardins RI Canada ETF Beta Analysis

Desjardins' 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.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Desjardins Beta

    
  1.02  
Most of Desjardins' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Desjardins RI Canada is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Competition

In accordance with the recently published financial statements, Desjardins RI Canada has a Beta of 1.02. This is much higher than that of the DGAM family and significantly higher than that of the Canadian Equity category. The beta for all Canada etfs is notably lower than that of the firm.

About Desjardins Financial Statements

Desjardins investors utilize fundamental indicators, such as revenue or net income, to predict how Desjardins Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Desjardins RI Canada - Low CO2 Index ETF DRMC seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a Canadian cap-weighted equity index. DESJARDINS is traded on Toronto Stock Exchange in Canada.

Pair Trading with Desjardins

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.

Moving together with Desjardins Etf

  0.89XIU iShares SPTSX 60PairCorr
  0.88XIC iShares Core SPTSXPairCorr
  0.89ZCN BMO SPTSX CappedPairCorr
  1.0VCN Vanguard FTSE CanadaPairCorr
  1.0HXT Global X SPTSXPairCorr

Moving against Desjardins Etf

  1.0HXD BetaPro SPTSX 60PairCorr
  0.95HIU BetaPro SP 500PairCorr
  0.93HQD BetaPro NASDAQ 100PairCorr
  0.69HED BetaPro SPTSX CappedPairCorr
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 Canada 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 Canada 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Desjardins Etf

Desjardins 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 security.