Destra Multi Alternative Fund Manager Performance Evaluation
| DMA Fund | USD 8.97 0.06 0.67% |
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.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Destra Multi Alternative are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat fragile primary indicators, Destra Multi-alternativ may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more1 | MFA Financial Shares Cross Below 200 DMA - Nasdaq | 11/06/2024 |
| Expense Ratio | 3.6900 |
Destra |
Destra Multi-alternativ Relative Risk vs. Return Landscape
If you would invest 825.00 in Destra Multi Alternative on August 28, 2024 and sell it today you would earn a total of 72.00 from holding Destra Multi Alternative or generate 8.73% return on investment over 90 days. Destra Multi Alternative is generating 0.1332% of daily returns assuming volatility of 0.69% on return distribution over 90 days investment horizon. In other words, 6% of funds are less volatile than Destra, and above 98% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Destra Multi-alternativ Current Valuation
Fairly Valued
Today
Please note that Destra Multi-alternativ's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Destra Multi Alternative shows a prevailing Real Value of $8.88 per share. The current price of the fund is $8.97. We determine the value of Destra Multi Alternative from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise taking in undervalued funds and trading overvalued funds since, at some point, fund prices and their ongoing real values will submerge.
Since Destra Multi-alternativ is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Destra Fund. However, Destra Multi-alternativ'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 8.97 | Real 8.88 | Hype 8.98 |
The real value of Destra Fund, also known as its intrinsic value, is the underlying worth of Destra Multi Alternative Fund, which is reflected in its stock price. It is based on Destra Multi-alternativ's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Destra Multi-alternativ'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, or news.
Estimating the potential upside or downside of Destra Multi Alternative helps investors to forecast how Destra 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 Destra Multi-alternativ more accurately as focusing exclusively on Destra Multi-alternativ's fundamentals will not take into account other important factors: Destra Multi-alternativ Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destra Multi-alternativ's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Destra Multi Alternative, and traders can use it to determine the average amount a Destra Multi-alternativ'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 = 0.193
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| 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
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Destra Multi-alternativ is performing at about 15% 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.
Destra Multi-alternativ Fundamentals Growth
Destra Fund prices reflect investors' perceptions of the future prospects and financial health of Destra Multi-alternativ, and Destra Multi-alternativ 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 Destra Fund performance.
| Shares Outstanding | 8.96 M | |||
| Price To Earning | 28.09 X | |||
| Earnings Per Share | 0.23 X | |||
About Destra Multi-alternativ Performance
By analyzing Destra Multi-alternativ's fundamental ratios, stakeholders can gain valuable insights into Destra Multi-alternativ's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Destra Multi-alternativ 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 Destra Multi-alternativ has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Destra Multi Alternative performance evaluation
Checking the ongoing alerts about Destra Multi-alternativ for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Destra Multi Alternative help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: MFA Financial Shares Cross Below 200 DMA - Nasdaq |
- Analyzing Destra Multi-alternativ'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 Destra Multi-alternativ's stock is overvalued or undervalued compared to its peers.
- Examining Destra Multi-alternativ'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 Destra Multi-alternativ's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Destra Multi-alternativ's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Destra Multi-alternativ's fund. These opinions can provide insight into Destra Multi-alternativ's potential for growth and whether the stock is currently undervalued or overvalued.
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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