Desjardins Melodia Balanced Fund Price on October 29, 2024
| 0P0000YSHA | CAD 14.41 0.08 0.55% |
Below is the normalized historical share price chart for Desjardins Melodia Balanced extending back to January 02, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Desjardins Melodia stands at 14.41, as last reported on the 12th of December 2024, with the highest price reaching 14.41 and the lowest price hitting 14.41 during the day.
If you're considering investing in Desjardins Fund, it is important to understand the factors that can impact its price. At this stage we consider Desjardins Fund to be very steady. Desjardins Melodia secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Desjardins Melodia Balanced, which you can use to evaluate the volatility of the entity. Please confirm Desjardins Melodia's Mean Deviation of 0.2728, coefficient of variation of 333.0, and Standard Deviation of 0.35 to check if the risk estimate we provide is consistent with the expected return of 0.0866%.
Desjardins Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Desjardins |
Sharpe Ratio = 0.2481
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Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Desjardins Melodia is performing at about 19% 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 Melodia by adding it to a well-diversified portfolio.
Desjardins Melodia Valuation on October 29, 2024
It is possible to determine the worth of Desjardins Melodia on a given historical date. On October 29, 2024 Desjardins was worth 13.97 at the beginning of the trading date compared to the closed value of 13.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Desjardins Melodia fund. Still, in general, we apply an absolute valuation method to find Desjardins Melodia's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Desjardins Melodia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Desjardins Melodia's related companies.
| Open | High | Low | Close | Volume | |
| 13.96 | 13.96 | 13.96 | 13.96 | 1.00 | |
10/29/2024 | 13.97 | 13.97 | 13.97 | 13.97 | 1.00 |
| 13.94 | 13.94 | 13.94 | 13.94 | 1.00 |
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Desjardins Melodia Trading Date Momentum on October 29, 2024
| On October 30 2024 Desjardins Melodia Balanced was traded for 13.94 at the closing time. The highest price during the trading period was 13.94 and the lowest recorded bid was listed for 13.94 . There was no trading activity during the period 1.0. Lack of trading volume on October 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.21% . The overall trading delta to the current price is 1.15% . |
Desjardins Melodia Fundamentals Correlations and Trends
By evaluating Desjardins Melodia's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Desjardins Melodia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Desjardins financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Desjardins Melodia Fund history
Desjardins Melodia investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Desjardins is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Desjardins Melodia will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Desjardins Melodia stock prices may prove useful in developing a viable investing in Desjardins Melodia
Desjardins Melodia Fund Technical Analysis
Desjardins Melodia technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Desjardins Melodia Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Desjardins Melodia Balanced cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Desjardins Melodia December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Desjardins Melodia fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Desjardins Melodia shares will generate the highest return on investment. By undertsting and applying Desjardins Melodia fund market strength indicators, traders can identify Desjardins Melodia Balanced entry and exit signals to maximize returns
Desjardins Melodia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Desjardins Melodia's price direction in advance. Along with the technical and fundamental analysis of Desjardins Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Desjardins to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2063 | |||
| Jensen Alpha | 0.0668 | |||
| Total Risk Alpha | 0.0396 | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3848 |
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Other Information on Investing in Desjardins Fund
Desjardins Melodia financial ratios help investors to determine whether Desjardins Fund 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 Melodia security.
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