Destinations Core Fixed Fund Market Value
| DCFFX Fund | USD 8.34 0.02 0.24% |
| Symbol | Destinations |
Destinations Core '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 Destinations Core'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 Destinations Core.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Destinations Core on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Core Fixed or generate 0.0% return on investment in Destinations Core over 60 days. Destinations Core is related to or competes with Sp Midcap, Ashmore Emerging, Transamerica Emerging, Locorr Market, and Rbc Emerging. The fund will invest at least 80 percent of its net assets in fixed income instruments More
Destinations Core 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 Destinations Core'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 Destinations Core Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.3555 |
Destinations Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Core's standard deviation. In reality, there are many statistical measures that can use Destinations Core historical prices to predict the future Destinations Core's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (2.30) |
Destinations Core Fixed Backtested Returns
Destinations Core Fixed secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the fund had a -0.15% return per unit of risk over the last 3 months. Destinations Core Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destinations Core's Standard Deviation of 0.3008, mean deviation of 0.2326, and Variance of 0.0905 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0244, which means not very significant fluctuations relative to the market. As returns on the market increase, Destinations Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Core is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Destinations Core Fixed has below average predictability. Overlapping area represents the amount of predictability between Destinations Core time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Destinations Core Fixed price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Destinations Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Destinations Core Fixed lagged returns against current returns
Autocorrelation, which is Destinations Core 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 Destinations Core's mutual fund expected returns. We can calculate the autocorrelation of Destinations Core returns to help us make a trade decision. For example, suppose you find that Destinations Core 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 |
Destinations Core 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 Destinations Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destinations Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Core Lagged Returns
When evaluating Destinations Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Core mutual fund have on its future price. Destinations Core 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, Destinations Core autocorrelation shows the relationship between Destinations Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Core Fixed.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Destinations Mutual Fund
Destinations Core 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 Core security.
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