Destra International Event Driven Fund Market Value
| CEDAX Fund | USD 22.07 0.19 0.85% |
| Symbol | Destra |
Destra International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Destra International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Destra International.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in Destra International on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding Destra International Event Driven or generate 0.0% return on investment in Destra International over 90 days. Destra International is related to or competes with Angel Oak, Franklin Emerging, Saat Defensive, Fidelity Series, Artisan Emerging, and Barings Emerging. Destra International is entity of United States More
Destra International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Destra International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Destra International Event Driven upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5092 | |||
| Information Ratio | 0.1602 | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.4535 |
Destra International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destra International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destra International's standard deviation. In reality, there are many statistical measures that can use Destra International historical prices to predict the future Destra International's volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | 0.0073 | |||
| Total Risk Alpha | 0.029 | |||
| Sortino Ratio | 0.1169 | |||
| Treynor Ratio | 0.2033 |
Destra International Backtested Returns
At this stage we consider Destra Mutual Fund to be very steady. Destra International secures Sharpe Ratio (or Efficiency) of 0.0583, which denotes the fund had a 0.0583 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Destra International Event Driven, which you can use to evaluate the volatility of the entity. Please confirm Destra International's Downside Deviation of 0.5092, mean deviation of 0.2551, and Coefficient Of Variation of 2361.82 to check if the risk estimate we provide is consistent with the expected return of 0.0184%. The fund shows a Beta (market volatility) of 0.0282, 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.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Destra International Event Driven has near perfect reversele predictability. Overlapping area represents the amount of predictability between Destra International time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Destra International price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Destra International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Destra International lagged returns against current returns
Autocorrelation, which is Destra International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Destra International's mutual fund expected returns. We can calculate the autocorrelation of Destra International returns to help us make a trade decision. For example, suppose you find that Destra International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Destra International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Destra International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destra International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destra International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destra International Lagged Returns
When evaluating Destra International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destra International mutual fund have on its future price. Destra International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Destra International autocorrelation shows the relationship between Destra International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destra International Event Driven.
Regressed Prices |
| Timeline |
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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.
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