Desjardins Canadian Preferred Etf Market Value
| DCP Etf | CAD 19.31 0.06 0.31% |
| Symbol | Desjardins |
Desjardins Canadian '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 Canadian's etf 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 Canadian.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Desjardins Canadian on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Desjardins Canadian Preferred or generate 0.0% return on investment in Desjardins Canadian over 720 days. Desjardins Canadian is related to or competes with BMO Laddered, IShares SPTSX, and RBC Quant. DCP seeks to replicate to the extent reasonably possible and before fees and expenses, the performance of a Canadian pre... More
Desjardins Canadian 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 Canadian's etf 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 Canadian Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6971 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.16 |
Desjardins Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desjardins Canadian's standard deviation. In reality, there are many statistical measures that can use Desjardins Canadian historical prices to predict the future Desjardins Canadian's volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.25) |
Desjardins Canadian Backtested Returns
As of now, Desjardins Etf is very steady. Desjardins Canadian secures Sharpe Ratio (or Efficiency) of 0.0463, which denotes the etf had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Desjardins Canadian Preferred, which you can use to evaluate the volatility of the entity. Please confirm Desjardins Canadian's Mean Deviation of 0.4608, coefficient of variation of 2036.71, and Downside Deviation of 0.6971 to check if the risk estimate we provide is consistent with the expected return of 0.0308%. The etf shows a Beta (market volatility) of -0.0901, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Desjardins Canadian are expected to decrease at a much lower rate. During the bear market, Desjardins Canadian is likely to outperform the market.
Auto-correlation | -0.49 |
Modest reverse predictability
Desjardins Canadian Preferred has modest reverse predictability. Overlapping area represents the amount of predictability between Desjardins Canadian time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Canadian price movement. The serial correlation of -0.49 indicates that about 49.0% of current Desjardins Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
Desjardins Canadian lagged returns against current returns
Autocorrelation, which is Desjardins Canadian etf'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 Canadian's etf expected returns. We can calculate the autocorrelation of Desjardins Canadian returns to help us make a trade decision. For example, suppose you find that Desjardins Canadian has exhibited high autocorrelation historically, and you observe that the etf 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 Canadian 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 Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desjardins Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desjardins Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
Desjardins Canadian Lagged Returns
When evaluating Desjardins Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desjardins Canadian etf have on its future price. Desjardins Canadian 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 Canadian autocorrelation shows the relationship between Desjardins Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in Desjardins Canadian Preferred.
Regressed Prices |
| Timeline |
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
| 0.73 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.75 | HPR | Global X Active | PairCorr |
| 0.7 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.72 | RPF | RBC Canadian Preferred | PairCorr |
| 0.73 | DXP | Dynamic Active Preferred | 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 Preferred 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 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.