Desjardins Sustainable Maximum Fund Market Value
| 0P0000J2C7 | CAD 26.37 0.14 0.53% |
| Symbol | Desjardins |
Desjardins Sustainable 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Desjardins Sustainable's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Desjardins Sustainable.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Desjardins Sustainable on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Desjardins Sustainable Maximum or generate 0.0% return on investment in Desjardins Sustainable over 90 days. Desjardins Sustainable is related to or competes with RBC Portefeuille, IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. Its primary objective is to provide long-term capital appreciation More
Desjardins Sustainable Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Desjardins Sustainable's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Desjardins Sustainable Maximum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3768 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.7949 |
Desjardins Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desjardins Sustainable's standard deviation. In reality, there are many statistical measures that can use Desjardins Sustainable historical prices to predict the future Desjardins Sustainable's volatility.| Risk Adjusted Performance | 0.183 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | 0.0338 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3569 |
Desjardins Sustainable Backtested Returns
Desjardins Sustainable is very steady at the moment. Desjardins Sustainable secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Desjardins Sustainable Maximum, which you can use to evaluate the volatility of the entity. Please confirm Desjardins Sustainable's Mean Deviation of 0.3325, standard deviation of 0.4171, and Coefficient Of Variation of 379.54 to check if the risk estimate we provide is consistent with the expected return of 0.083%. The fund shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Desjardins Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desjardins Sustainable is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Desjardins Sustainable Maximum has very good predictability. Overlapping area represents the amount of predictability between Desjardins Sustainable time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Desjardins Sustainable price movement. The serial correlation of 0.82 indicates that around 82.0% of current Desjardins Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Desjardins Sustainable lagged returns against current returns
Autocorrelation, which is Desjardins Sustainable fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Desjardins Sustainable's fund expected returns. We can calculate the autocorrelation of Desjardins Sustainable returns to help us make a trade decision. For example, suppose you find that Desjardins Sustainable has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Desjardins Sustainable regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Desjardins Sustainable fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desjardins Sustainable fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desjardins Sustainable fund over time.
Current vs Lagged Prices |
| Timeline |
Desjardins Sustainable Lagged Returns
When evaluating Desjardins Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desjardins Sustainable fund have on its future price. Desjardins Sustainable autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Desjardins Sustainable autocorrelation shows the relationship between Desjardins Sustainable fund current value and its past values and can show if there is a momentum factor associated with investing in Desjardins Sustainable Maximum.
Regressed Prices |
| Timeline |
Pair Trading with Desjardins Sustainable
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 Sustainable 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 Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Desjardins Fund
| 0.96 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.93 | 0P000070JI | Fidelity Technology | PairCorr |
| 0.92 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.92 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.91 | 0P00007138 | RBC sciences biologiques | PairCorr |
The ability to find closely correlated positions to Desjardins Sustainable 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 Sustainable 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 Sustainable - 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 Sustainable Maximum to buy it.
The correlation of Desjardins Sustainable 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 Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins Sustainable 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 Sustainable 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 Fund
Desjardins Sustainable 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 Sustainable security.
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