Destinations Equity Income Fund Manager Performance Evaluation
| DGEZX Fund | USD 12.75 0.04 0.31% |
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.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Destinations Equity Income are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Destinations Equity is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.8100 |
Destinations |
Destinations Equity Relative Risk vs. Return Landscape
If you would invest 1,216 in Destinations Equity Income on September 2, 2024 and sell it today you would earn a total of 59.00 from holding Destinations Equity Income or generate 4.85% return on investment over 90 days. Destinations Equity Income is currently producing 0.0753% returns and takes up 0.5108% volatility of returns over 90 trading days. Put another way, 4% of traded mutual funds are less volatile than Destinations, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Destinations Equity Current Valuation
Fairly Valued
Today
Please note that Destinations Equity's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Destinations Equity shows a prevailing Real Value of $12.66 per share. The current price of the fund is $12.75. We determine the value of Destinations Equity from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Destinations Equity is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Destinations Mutual Fund. However, Destinations Equity's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.75 | Real 12.66 | Hype 12.75 | Naive 12.87 |
The intrinsic value of Destinations Equity's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Destinations Equity's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Destinations Equity Income helps investors to forecast how Destinations mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Destinations Equity more accurately as focusing exclusively on Destinations Equity's fundamentals will not take into account other important factors: Destinations Equity Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Equity's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Destinations Equity Income, and traders can use it to determine the average amount a Destinations Equity's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1475
| Best Portfolio | Best Equity | |||
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| Cash | DGEZX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Destinations Equity is performing at about 11% 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 Destinations Equity by adding it to a well-diversified portfolio.
Destinations Equity Fundamentals Growth
Destinations Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Destinations Equity, and Destinations Equity fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Destinations Mutual Fund performance.
| Total Asset | 509.87 M | ||||
About Destinations Equity Performance
Evaluating Destinations Equity's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Destinations Equity has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Destinations Equity has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund will invest at least 80 percent of its net assets in dividend-paying equity securities of both U.S.-based and foreign companies. It invests primarily in common stock, preferred stock, interests in REITs, foreign securities, depositary receipts, equity-linked notes and derivatives that are believed to be attractively valued and to have the potential for long-term growth. The fund typically will invest in foreign securities, including securities of issuers located in emerging markets.Things to note about Destinations Equity performance evaluation
Checking the ongoing alerts about Destinations Equity for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Destinations Equity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 98.33% of its assets under management (AUM) in equities |
- Analyzing Destinations Equity's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Destinations Equity's stock is overvalued or undervalued compared to its peers.
- Examining Destinations Equity's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Destinations Equity's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Destinations Equity's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Destinations Equity's mutual fund. These opinions can provide insight into Destinations Equity's potential for growth and whether the stock is currently undervalued or overvalued.
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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