Desjardins Competition
| DRMC ETF | CAD 40.76 -0.17 -0.42% |
Pair Correlation for Desjardins and BetaPro SAMPPTSX Overview
Minimal diversification benefit
For the present investment horizon, the measured correlation between Desjardins and BetaPro SAMPPTSX stands at 0.97, or Minimal diversification benefit. This chart helps evaluate whether adding BetaPro SAMPPTSX genuinely reduces risk relative to holding Desjardins alone.
| 0.96 | XIU | iShares SAMPPTSX | PairCorr |
| 0.98 | XIC | iShares Core SAMPPTSX | PairCorr |
| 0.98 | ZCN | BMO SAMPPTSX Capped | PairCorr |
| 0.98 | VCN | Vanguard FTSE Canada | PairCorr |
| 0.84 | HXT | Global X SAMPPTSX | PairCorr |
Mean reversion analysis in Desjardins' involves identifying price extremes that diverge materially from the historical norm. High prices may deter value investors, while unusually low prices often attract buyers anticipating a recovery. Mean reversion in Desjardins is distinct from trend following, which rides momentum rather than betting on reversals. Momentum identifies the trend while mean reversion identifies when it has extended beyond sustainable levels.
Desjardins Competition Correlation Matrix
Competition correlation for Desjardins RI Canada matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.
High positive correlations
| High negative correlations
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Desjardins Constituents Risk-Adjusted Indicators
Evaluating Desjardins ETF requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HMMJ | 1.20 | -0.16 | 0.00 | -0.29 | 0.00 | 2.26 | 7.16 | |||
| BASE | 1.33 | 0.28 | 0.15 | 0.20 | 1.69 | 2.32 | 8.36 | |||
| DRMD | 0.72 | 0.06 | 0.00 | -0.02 | 0.00 | 1.29 | 4.97 | |||
| XMS | 0.44 | -0.06 | 0.00 | -0.30 | 0.00 | 0.89 | 2.47 | |||
| GDEP | 0.56 | -0.10 | 0.00 | -4.78 | 0.00 | 1.01 | 2.92 | |||
| EDGE | 0.91 | -0.08 | 0.00 | -0.20 | 0.00 | 1.57 | 6.05 | |||
| HUTE | 0.59 | 0.22 | 0.38 | 1.01 | 0.53 | 1.31 | 4.50 | |||
| TRVI | 1.17 | -0.08 | 0.00 | -0.20 | 0.00 | 1.83 | 6.20 | |||
| FHG | 1.02 | 0.03 | 0.10 | 0.63 | 1.27 | 2.48 | 7.19 | |||
| CNDU | 1.38 | 0.13 | 0.00 | -0.01 | 0.00 | 3.01 | 8.20 |
Desjardins Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Desjardins Competition Peer Performance Charts
How to Analyze Desjardins Against Peers
Desjardins' peer analysis compares Desjardins with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Desjardins trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Desjardins leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Earnings revisions for Desjardins have trended more positive than for its closest peers over the last 90 days. Margin trends that move in opposite directions across peers often foreshadow shifts in competitive positioning. Competition analysis can clarify whether Desjardins is priced richly or cheaply relative to similar exposures.
Desjardins RI Canada metrics are compiled from fund disclosures and market reference feeds and normalized before display. Not all fields update in real time.