Destra Multi Alternative Fund Price on November 30, 2022
| DMA Fund | USD 8.95 0.02 0.22% |
If you're considering investing in Destra Fund, it is important to understand the factors that can impact its price. As of today, the current price of Destra Multi-alternativ stands at 8.95, as last reported on the 28th of November, with the highest price reaching 9.00 and the lowest price hitting 8.85 during the day. At this point, Destra Multi-alternativ is very steady. Destra Multi Alternative secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Destra Multi Alternative, which you can use to evaluate the volatility of the entity. Please confirm Destra Multi-alternativ's Mean Deviation of 0.528, coefficient of variation of 546.91, and Downside Deviation of 0.6586 to check if the risk estimate we provide is consistent with the expected return of 0.11%.
Destra Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Destra |
Sharpe Ratio = 0.1582
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | DMA | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Destra Multi-alternativ is performing at about 12% 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 Destra Multi-alternativ by adding it to a well-diversified portfolio.
Market Capitalization 57.9 M |
Destra Multi-alternativ Main Headline on 30th of November 2022
Destra Multi Alternative dividend paid on 30th of November 2022 |
Destra Multi-alternativ Valuation on November 30, 2022
It is possible to determine the worth of Destra Multi-alternativ on a given historical date. On November 30, 2022 Destra was worth 6.39 at the beginning of the trading date compared to the closed value of 6.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Destra Multi-alternativ fund. Still, in general, we apply an absolute valuation method to find Destra Multi-alternativ's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Destra Multi-alternativ where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Destra Multi-alternativ's related companies.
| Open | High | Low | Close | Volume | |
| 6.25 | 6.30 | 6.22 | 6.29 | 2,900 | |
11/30/2022 | 6.39 | 6.44 | 6.31 | 6.43 | 13,800 |
| 6.47 | 6.47 | 6.35 | 6.44 | 27,400 |
| Backtest Destra Multi-alternativ | | | Destra Multi-alternativ History | | | Destra Multi-alternativ Valuation | Previous | Next |
Destra Multi-alternativ Trading Date Momentum on November 30, 2022
| On December 01 2022 Destra Multi Alternative was traded for 6.44 at the closing time. Highest Destra Multi-alternativ's price during the trading hours was 6.47 and the lowest price during the day was 6.35 . The net volume was 27.4 K. The overall trading history on the 1st of December contributed to the next trading period price jump. The overall trading delta to the next next day price was 0.16% . The overall trading delta to current price is 2.49% . |
Destra Multi Alternative Fundamentals Correlations and Trends
By evaluating Destra Multi-alternativ's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Destra Multi-alternativ's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Destra financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Destra Multi-alternativ Fund history
Destra Multi-alternativ investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Destra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Destra Multi Alternative will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Destra Multi-alternativ stock prices may prove useful in developing a viable investing in Destra Multi-alternativ
Multi-Strategy Growth Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts. It invests in stocks of companies across all market capitalizations. For its fixed income portfolio, the fund invests in structured notes, notes, bonds and asset-backed securities. It employs a combination of fundamental and quantitative analysis while focusing on factors such as highest expected income, potential for capital appreciation, and relatively low volatility to create its portfolio. Multi-Strategy Growth Income Fund was formed on June 3, 2011 and is domiciled in the United States.
Destra Multi-alternativ Fund Technical Analysis
Destra Multi-alternativ technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Destra Multi-alternativ Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Destra Multi Alternative cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Destra Multi-alternativ November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Destra Multi-alternativ fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Destra Multi-alternativ shares will generate the highest return on investment. By undertsting and applying Destra Multi-alternativ fund market strength indicators, traders can identify Destra Multi Alternative entry and exit signals to maximize returns
Destra Multi-alternativ Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Destra Multi-alternativ's price direction in advance. Along with the technical and fundamental analysis of Destra Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Destra to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.124 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.65) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Destra Fund
Destra Multi-alternativ financial ratios help investors to determine whether Destra 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 Destra with respect to the benefits of owning Destra Multi-alternativ security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |