Destra International Event Driven Fund Market Value
| CEDAX Fund | USD 21.25 0.01 0.05% |
| Symbol | Destra |
Destra International '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 Destra International's mutual fund 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 Destra International.
| 01/21/2025 |
| 01/16/2026 |
If you would invest 0.00 in Destra International on January 21, 2025 and sell it all today you would earn a total of 0.00 from holding Destra International Event Driven or generate 0.0% return on investment in Destra International over 360 days. Destra International is related to or competes with Amg Managers, Simt Real, Virtus Real, Nuveen Real, and Invesco Real. Destra International is entity of United States More
Destra International 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 Destra International's mutual fund 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 Destra International Event Driven upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3958 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5253 |
Destra International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destra International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destra International's standard deviation. In reality, there are many statistical measures that can use Destra International historical prices to predict the future Destra International's volatility.| Risk Adjusted Performance | 0.0041 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0272 |
Destra International Backtested Returns
At this stage we consider Destra Mutual Fund to be very steady. Destra International secures Sharpe Ratio (or Efficiency) of 0.0498, which denotes the fund had a 0.0498 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Destra International Event Driven, which you can use to evaluate the volatility of the entity. Please confirm Destra International's Mean Deviation of 0.2809, coefficient of variation of 7639.82, and Downside Deviation of 0.3958 to check if the risk estimate we provide is consistent with the expected return of 0.0236%. The fund shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Destra International are expected to decrease at a much lower rate. During the bear market, Destra International is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Destra International Event Driven has very weak reverse predictability. Overlapping area represents the amount of predictability between Destra International time series from 21st of January 2025 to 20th of July 2025 and 20th of July 2025 to 16th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Destra International price movement. The serial correlation of -0.01 indicates that just 1.0% of current Destra International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Destra International lagged returns against current returns
Autocorrelation, which is Destra International mutual fund'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 Destra International's mutual fund expected returns. We can calculate the autocorrelation of Destra International returns to help us make a trade decision. For example, suppose you find that Destra International has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Destra International 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 Destra International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destra International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destra International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destra International Lagged Returns
When evaluating Destra International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destra International mutual fund have on its future price. Destra International 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, Destra International autocorrelation shows the relationship between Destra International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destra International Event Driven.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Destra Mutual Fund
Destra International financial ratios help investors to determine whether Destra Mutual 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 International security.
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