Destra International Event Driven Fund Manager Performance Evaluation
| CEDAX Fund | USD 22.04 0.03 0.14% |
The fund shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Destra International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destra International is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Destra International Event Driven has generated negative risk-adjusted returns adding no value to fund investors. In spite of latest weak performance, the Fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.
...more| Expense Ratio | 2.5200 |
Destra |
Destra International Relative Risk vs. Return Landscape
If you would invest 2,366 in Destra International Event Driven on October 15, 2024 and sell it today you would lose (162.00) from holding Destra International Event Driven or give up 6.85% of portfolio value over 90 days. Destra International Event Driven is currently producing negative expected returns and takes up 0.8838% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Destra, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Destra International Current Valuation
Fairly Valued
Today
Please note that Destra International's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Destra International shows a prevailing Real Value of $22.22 per share. The current price of the fund is $22.04. We determine the value of Destra International 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 Destra International is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Destra Mutual Fund. However, Destra International'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 22.04 | Real 22.22 | Hype 22.04 |
The intrinsic value of Destra International'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 Destra International'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 Destra International Event Driven helps investors to forecast how Destra 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 Destra International more accurately as focusing exclusively on Destra International's fundamentals will not take into account other important factors: Destra International Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destra International's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Destra International Event Driven, and traders can use it to determine the average amount a Destra International'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 = -0.127
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| Negative Returns | CEDAX |
Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 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 Fundamentals Growth
Destra Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Destra International, and Destra International 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 Mutual Fund performance.
About Destra International Performance
Evaluating Destra International's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Destra International 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 International 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.
Destra International is entity of United States. It is traded as Fund on NMFQS exchange.Things to note about Destra International performance evaluation
Checking the ongoing alerts about Destra International for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Destra International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Destra International generated a negative expected return over the last 90 days |
- Analyzing Destra International'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 International's stock is overvalued or undervalued compared to its peers.
- Examining Destra International'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 International's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Destra International's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Destra International's mutual fund. These opinions can provide insight into Destra International's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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