Destinations Equity Income Fund Market Value
| DGEZX Fund | USD 12.75 0.04 0.31% |
| Symbol | Destinations |
Destinations Equity '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 Destinations Equity'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 Destinations Equity.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Destinations Equity on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Equity Income or generate 0.0% return on investment in Destinations Equity over 90 days. Destinations Equity is related to or competes with Destinations International, Destinations International, Destinations Large, Destinations Low, Destinations Large, Destinations Low, and Destinations Municipal. The fund will invest at least 80 percent of its net assets in dividend-paying equity securities of both U.S.-based and f... More
Destinations Equity 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 Destinations Equity'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 Destinations Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5052 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.24 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.817 |
Destinations Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Equity's standard deviation. In reality, there are many statistical measures that can use Destinations Equity historical prices to predict the future Destinations Equity's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1156 |
Destinations Equity Backtested Returns
At this stage we consider Destinations Mutual Fund to be very steady. Destinations Equity secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Destinations Equity Income, which you can use to evaluate the volatility of the entity. Please confirm Destinations Equity's Coefficient Of Variation of 682.91, mean deviation of 0.4209, and Downside Deviation of 0.5052 to check if the risk estimate we provide is consistent with the expected return of 0.0753%. The fund shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, Destinations Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Equity is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Destinations Equity Income has below average predictability. Overlapping area represents the amount of predictability between Destinations Equity time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Destinations Equity price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Destinations Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Destinations Equity lagged returns against current returns
Autocorrelation, which is Destinations Equity 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 Destinations Equity's mutual fund expected returns. We can calculate the autocorrelation of Destinations Equity returns to help us make a trade decision. For example, suppose you find that Destinations Equity 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 |
Destinations Equity 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 Destinations Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destinations Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Equity Lagged Returns
When evaluating Destinations Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Equity mutual fund have on its future price. Destinations Equity 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, Destinations Equity autocorrelation shows the relationship between Destinations Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Equity Income.
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 Destinations Mutual Fund
Destinations Equity financial ratios help investors to determine whether Destinations 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 Destinations with respect to the benefits of owning Destinations Equity security.
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