Desjardins Canadian Short Etf Five Year Return
| DCS Etf | CAD 18.94 0.03 0.16% |
Desjardins Canadian Short fundamentals help investors to digest information that contributes to Desjardins Canadian's financial success or failures. It also enables traders to predict the movement of Desjardins Etf. The fundamental analysis module provides a way to measure Desjardins Canadian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Desjardins Canadian etf.
Desjardins |
Desjardins Canadian Short ETF Five Year Return Analysis
Desjardins Canadian's 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.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Desjardins Canadian Five Year Return | 2.00 % |
Most of Desjardins Canadian's fundamental indicators, such as Five Year Return, 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 Canadian Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
According to the company disclosure, Desjardins Canadian Short has a Five Year Return of 2.0%. This is much higher than that of the DGAM family and significantly higher than that of the Canadian Short Term Fixed Income category. The five year return for all Canada etfs is notably lower than that of the firm.
Desjardins Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Desjardins Canadian's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Desjardins Canadian could also be used in its relative valuation, which is a method of valuing Desjardins Canadian by comparing valuation metrics of similar companies.Desjardins Canadian is currently under evaluation in five year return as compared to similar ETFs.
Fund Asset Allocation for Desjardins Canadian
The fund consists of 96.91% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides Desjardins Canadian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Desjardins Fundamentals
| Beta | 1.0 | |||
| Total Asset | 13.73 M | |||
| One Year Return | 6.70 % | |||
| Three Year Return | 2.20 % | |||
| Five Year Return | 2.00 % | |||
| Net Asset | 13.73 M | |||
| Last Dividend Paid | 0.04 | |||
| Bond Positions Weight | 96.91 % |
About Desjardins Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Desjardins Canadian Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Desjardins Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Desjardins Canadian Short based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Desjardins Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Desjardins Etf
| 0.9 | XSB | iShares Canadian Short | PairCorr |
| 0.88 | XSH | iShares Core Canadian | PairCorr |
| 0.9 | ZCS | BMO Short Corporate | PairCorr |
| 0.89 | VSB | Vanguard Canadian Short | PairCorr |
The ability to find closely correlated positions to Desjardins Canadian 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 Canadian 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 Canadian - 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 Canadian Short to buy it.
The correlation of Desjardins Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins Canadian Short 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 Canadian 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.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.