Desjardins Alt Longshort Etf Performance
| DAMG Etf | 20.50 0.20 0.97% |
The etf shows a Beta (market volatility) of -0.0039, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Desjardins Alt are expected to decrease at a much lower rate. During the bear market, Desjardins Alt is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Desjardins Alt LongShort are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Desjardins Alt is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Desjardins |
Desjardins Alt Relative Risk vs. Return Landscape
If you would invest 1,996 in Desjardins Alt LongShort on October 11, 2024 and sell it today you would earn a total of 54.00 from holding Desjardins Alt LongShort or generate 2.71% return on investment over 90 days. Desjardins Alt LongShort is generating 0.0452% of daily returns and assumes 0.382% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than Desjardins, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Desjardins Alt Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desjardins Alt's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Desjardins Alt LongShort, and traders can use it to determine the average amount a Desjardins Alt's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1183
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Estimated Market Risk
| 0.38 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Desjardins Alt is performing at about 9% 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 Alt by adding it to a well-diversified portfolio.
About Desjardins Alt Performance
By examining Desjardins Alt's fundamental ratios, stakeholders can obtain critical insights into Desjardins Alt's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Desjardins Alt is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Desjardins Alt is entity of Canada. It is traded as Etf on TO exchange.