Destra Multi Alternative Fund Market Value
| DMA Fund | USD 8.97 0.06 0.67% |
| Symbol | Destra |
Destra Multi-alternativ '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 Multi-alternativ's 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 Multi-alternativ.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Destra Multi-alternativ on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Destra Multi Alternative or generate 0.0% return on investment in Destra Multi-alternativ over 510 days. Destra Multi-alternativ is related to or competes with MFS Government, Nuveen Variable, Angel Oak, Voya Emerging, Nuveen Missouri, Eagle Capital, and Western Asset. Multi-Strategy Growth Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC More
Destra Multi-alternativ 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 Multi-alternativ's 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 Multi Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6586 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.37 |
Destra Multi-alternativ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destra Multi-alternativ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destra Multi-alternativ's standard deviation. In reality, there are many statistical measures that can use Destra Multi-alternativ historical prices to predict the future Destra Multi-alternativ's volatility.| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.0508 | |||
| Total Risk Alpha | 0.009 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2117 |
Destra Multi Alternative Backtested Returns
At this point, Destra Multi-alternativ is very steady. Destra Multi Alternative secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% 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 Downside Deviation of 0.6586, mean deviation of 0.528, and Coefficient Of Variation of 546.91 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Destra Multi-alternativ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destra Multi-alternativ is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Destra Multi Alternative has very good predictability. Overlapping area represents the amount of predictability between Destra Multi-alternativ time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 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 Destra Multi Alternative price movement. The serial correlation of 0.8 indicates that around 80.0% of current Destra Multi-alternativ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Destra Multi Alternative lagged returns against current returns
Autocorrelation, which is Destra Multi-alternativ 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 Multi-alternativ's fund expected returns. We can calculate the autocorrelation of Destra Multi-alternativ returns to help us make a trade decision. For example, suppose you find that Destra Multi-alternativ has exhibited high autocorrelation historically, and you observe that the 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 Multi-alternativ 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 Multi-alternativ fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destra Multi-alternativ fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destra Multi-alternativ fund over time.
Current vs Lagged Prices |
| Timeline |
Destra Multi-alternativ Lagged Returns
When evaluating Destra Multi-alternativ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destra Multi-alternativ fund have on its future price. Destra Multi-alternativ 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 Multi-alternativ autocorrelation shows the relationship between Destra Multi-alternativ fund current value and its past values and can show if there is a momentum factor associated with investing in Destra Multi Alternative.
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 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.
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