Destra International Event Driven Fund Price on October 2, 2024
| CEDAX Fund | USD 23.32 0.04 0.17% |
Below is the normalized historical share price chart for Destra International Event Driven extending back to December 21, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Destra International stands at 23.32, as last reported on the 25th of December, with the highest price reaching 23.32 and the lowest price hitting 23.32 during the day.
If you're considering investing in Destra Mutual Fund, it is important to understand the factors that can impact its price. Destra International secures Sharpe Ratio (or Efficiency) of -0.0744, which denotes the fund had a -0.0744% return per unit of risk over the last 3 months. Destra International Event Driven exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destra International's Standard Deviation of 0.3342, mean deviation of 0.2264, and Variance of 0.1117 to check the risk estimate we provide.
Destra Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Destra |
Sharpe Ratio = -0.0744
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| Negative Returns | CEDAX |
Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Destra International is not performing at its full potential. However, 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 International by adding Destra International to a well-diversified portfolio.
Destra International Valuation on October 2, 2024
It is possible to determine the worth of Destra International on a given historical date. On October 2, 2024 Destra was worth 23.7 at the beginning of the trading date compared to the closed value of 23.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Destra International mutual fund. Still, in general, we apply an absolute valuation method to find Destra International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Destra International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Destra International's related companies.
| Open | High | Low | Close | Volume | |
| 23.70 | 23.70 | 23.70 | 23.70 | 1.00 | |
10/02/2024 | 23.70 | 23.70 | 23.70 | 23.70 | 1.00 |
| 23.62 | 23.62 | 23.62 | 23.62 | 1.00 |
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Destra International Trading Date Momentum on October 2, 2024
| On October 03 2024 Destra International Event Driven was traded for 23.62 at the closing time. The highest daily price throughout the period was 23.62 and the lowest price was 23.62 . There was no trading activity during the period 1.0. Lack of trading volume on 10/03/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.34% . The overall trading delta to current closing price is 0.17% . |
Destra International Fundamentals Correlations and Trends
By evaluating Destra International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Destra International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Destra financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Destra International Mutual Fund history
Destra International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Destra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Destra International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Destra International stock prices may prove useful in developing a viable investing in Destra International
Destra International Mutual Fund Technical Analysis
Destra International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Destra International Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Destra International Event Driven cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Destra International December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Destra International mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Destra International shares will generate the highest return on investment. By undertsting and applying Destra International mutual fund market strength indicators, traders can identify Destra International Event Driven entry and exit signals to maximize returns
Destra International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Destra International's price direction in advance. Along with the technical and fundamental analysis of Destra Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Destra to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.3371 |
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Other Information on Investing in Destra Mutual Fund
Destra International financial ratios help investors to determine whether Destra 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 Destra with respect to the benefits of owning Destra International security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |