No, not without DSC. This cable is a 2-metre DisplayPort-to-DisplayPort cable, but the information provided does not specify whether it has sufficient bandwidth for 4K at 240 Hz in uncompressed mode.
For 4K at 240 Hz without DSC, you need a very high-speed DisplayPort 2.1 connection, with compatible source hardware and a display; most DisplayPort 1.4 set-ups use DSC to achieve 4K at 240 Hz.