Destinations Small Competition

Mutual Funds . USA . 
Fund . Destinations Small Mid Cap
DSMFX Fund  USD 13.57  0.15  1.12%   
Destinations Small Mid competes with Destinations International, Destinations International, Destinations Large, Destinations Low, and Destinations Large; as well as few others. The fund is listed under Small Blend category and is part of Destinations Funds family. Analyzing Destinations Small competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Destinations Small to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Destinations Small Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Destinations Small competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
11.8613.5715.28
Details
Intrinsic
Valuation
LowRealHigh
12.1113.8215.53
Details
Naive
Forecast
LowNextHigh
10.9812.6914.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.1114.8416.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Destinations Small. Your research has to be compared to or analyzed against Destinations Small's peers to derive any actionable benefits. When done correctly, Destinations Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Destinations Small Mid.

Destinations Small Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Destinations Small and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Destinations and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Destinations Small Mid does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
DIEFX
+ 1.0
DIEZX
DMSZX
+ 1.0
DMSFX
DLCZX
+ 0.99
DLCFX
DMFZX
+ 0.99
DMFFX
DLDZX
+ 0.97
DLDFX
DLDFX
+ 0.69
DIEFX
  
High negative correlations   
DMSZX
- 0.75
DLDFX
DMSFX
- 0.75
DLDFX
DMSZX
- 0.71
DLDZX
DMSFX
- 0.71
DLDZX
DMSZX
- 0.59
DIEFX
DMSFX
- 0.59
DIEFX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Destinations Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIEZX  0.62 (0.20) 0.00 (0.30) 0.00 
 0.00 
 1.00 
(1.27)
 8.44 
DIEFX  0.61 (0.19) 0.00 (0.31) 0.00 
 0.00 
 0.93 
(1.31)
 7.77 
DLCFX  0.76 (0.19) 0.00 (0.09) 0.00 
 0.00 
 0.99 
(0.92)
 18.47 
DLDFX  0.05 (0.01) 0.00  2.31  0.00 
 0.00 
 0.11 
(0.11)
 0.64 
DLCZX  0.85 (0.26) 0.00 (0.11) 0.00 
 0.00 
 1.01 
(0.92)
 22.98 
DLDZX  0.06 (0.01) 0.00 (1.67) 0.00 
 0.00 
 0.10 
(0.10)
 0.73 
DMFFX  0.14 (0.03) 0.00  0.89  0.00 
 0.00 
 0.21 
(0.31)
 1.14 
DMFZX  0.13 (0.03) 0.00  2.64  0.00 
 0.00 
 0.21 
(0.31)
 1.24 
DMSFX  0.13 (0.01)(0.12)(0.02) 0.15 
(0.16)
 0.28 
(0.28)
 1.04 
DMSZX  0.14  0.00 (0.11)(0.01) 0.14 
(0.17)
 0.29 
(0.29)
 0.97 
All Fundamental Data

Destinations Small Competitive Analysis

The better you understand Destinations Small competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Destinations Small's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Destinations Small's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
DSMFX DIEZX DIEFX DLCFX DLDFX DLCZX DLDZX DMFFX DMFZX DMSFX
 1.12 
 13.57 
Destinations
 0.19 
 10.73 
Destinations
 0.24 
 12.56 
Destinations
 1.05 
 15.43 
Destinations
 0.11 
 9.33 
Destinations
 1.11 
 10.96 
Destinations
 0.10 
 9.59 
Destinations
 0.21 
 9.60 
Destinations
 0.21 
 9.65 
Destinations
 0.09 
 10.58 
Destinations
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Not too volatile
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Insignificant
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Hold
Strong Hold
Strong Hold
Hold
Strong Hold
Cautious Hold
Sell
Hold
Cautious Hold
Cash Position Weight
2.25
4.07
3.73
5.55
21.67
1.5
26.84
11.42
16.03
23.57
Equity Positions Weight
97.75
95.94
96.17
93.39
7.52
98.1
10.09
N/A
N/A
25.41
Three Year Return
3.94
-0.57
-0.74
8.95
4.15
9.12
4.31
0.23
0.11
5.32
Net Asset
845.98 M
1.7 B
1.37 B
3.02 B
308.4 M
3.32 B
308.4 M
851 M
856.09 M
927.04 M
Annual Yield
0.0021
0.0217
0.0176
0.004
0.0576
0.0067
0.0561
6.0E-4
0.0017
0.0663
Five Year Return
11.72
3.67
4.15
13.67
3.9
12.88
4.05
0.86
0.87
6.49
Year To Date Return
20.65
1.98
5.09
25.26
5.82
22.45
5.98
2.57
1.91
6.51
One Year Return
23.83
4.55
8.34
26.91
6.14
24.74
6.31
3.71
2.09
7.26
Last Dividend Paid
N/A
0.02
N/A
0.01
0.02
0.03
0.02
0.01
0.01
0.03
Bond Positions Weight
N/A
N/A
N/A
N/A
65.83
N/A
18.25
N/A
83.97
48.95
Day Typical Price
13.57
10.73
12.56
15.43
9.33
10.96
9.59
9.6
9.65
10.58
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
0.15
0.02
0.03
0.16
0.01
0.12
0.01
0.02
0.02
0.01
Rate Of Daily Change
1.01
1.0
1.0
1.01
1.0
1.01
1.0
1.0
1.0
1.0
Day Median Price
13.57
10.73
12.56
15.43
9.33
10.96
9.59
9.6
9.65
10.58
Price Action Indicator
0.075
0.01
0.015
0.08
0.005
0.06
0.005
0.01
0.01
0.005
Relative Strength Index
53.95
56.03
55.8
60.08
47.24
59.89
44.63
66.22
64.69
53.37
Coefficient Of Variation
(2,586)
(572.36)
(572.42)
(1,433)
(2,117)
(1,229)
(2,458)
(1,146)
(1,086)
2391.42
Mean Deviation
0.9101
0.6175
0.6066
0.7569
0.0537
0.8544
0.0614
0.142
0.1275
0.131
Jensen Alpha
(0.11)
(0.20)
(0.19)
(0.19)
(0.01)
(0.26)
(0.01)
(0.03)
(0.03)
(0.01)
Total Risk Alpha
(0.12)
(0.22)
(0.20)
(0.21)
(0.02)
(0.29)
(0.02)
(0.03)
(0.03)
(0.01)
Sortino Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(0.12)
Downside Variance
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0466
Standard Deviation
1.7
1.02
0.9574
2.05
0.1019
2.58
0.1147
0.2131
0.2012
0.1753
Kurtosis
26.52
19.58
15.91
52.28
11.58
56.95
14.4
3.82
4.26
2.31
Potential Upside
1.79
0.9959
0.9286
0.9907
0.1074
1.01
0.1045
0.2088
0.207
0.2822
Treynor Ratio
(0.04)
(0.30)
(0.31)
(0.09)
2.31
(0.11)
(1.67)
0.8853
2.64
(0.02)
Maximum Drawdown
15.56
8.44
7.77
18.47
0.6426
22.98
0.7295
1.14
1.24
1.04
Variance
2.88
1.04
0.9167
4.21
0.0104
6.67
0.0132
0.0454
0.0405
0.0307
Market Risk Adjusted Performance
(0.03)
(0.29)
(0.30)
(0.08)
2.32
(0.10)
(1.66)
0.8953
2.65
(0.01)
Risk Adjusted Performance
(0.03)
(0.14)
(0.14)
(0.05)
(0.11)
(0.06)
(0.09)
(0.1)
(0.10)
(0)
Skewness
(3.78)
(3.22)
(2.74)
(6.81)
(2.67)
(7.27)
(3.11)
(1.24)
(1.02)
(0.70)
Semi Deviation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.149
Information Ratio
(0.06)
(0.21)
(0.21)
(0.09)
(0.36)
(0.09)
(0.32)
(0.24)
(0.25)
(0.14)
Value At Risk
(1.37)
(1.27)
(1.31)
(0.92)
(0.11)
(0.92)
(0.10)
(0.31)
(0.31)
(0.28)
Expected Short fall
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(0.16)
Downside Deviation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.2158
Semi Variance
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0222

Destinations Small Competition Performance Charts

Five steps to successful analysis of Destinations Small Competition

Destinations Small's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Destinations Small Mid in relation to its competition. Destinations Small's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Destinations Small in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Destinations Small's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Destinations Small Mid, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Destinations Small position

In addition to having Destinations Small in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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ISP
ISP Theme
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ISP Theme or any other thematic opportunities.
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Other Information on Investing in Destinations Mutual Fund

Destinations Small 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 Small security.
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