Destinations Core Fixed Fund Market Value
| DCFZX Fund | USD 8.71 0.02 0.23% |
| 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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Destinations Core on December 14, 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 90 days. Destinations Core is related to or competes with World Precious, Goldman Sachs, Wells Fargo, Gold And, First Eagle, and Europac Gold. 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.
| Downside Deviation | 0.3048 | |||
| Information Ratio | 0.4626 | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.578 |
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) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0459 | |||
| Sortino Ratio | 0.4526 | |||
| Treynor Ratio | 0.0576 |
Destinations Core Fixed Backtested Returns
At this stage we consider Destinations Mutual Fund to be very steady. Destinations Core Fixed secures Sharpe Ratio (or Efficiency) of 0.0859, which denotes the fund had a 0.0859 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Destinations Core Fixed, which you can use to evaluate the volatility of the entity. Please confirm Destinations Core's Downside Deviation of 0.3048, mean deviation of 0.2393, and Coefficient Of Variation of 5252.18 to check if the risk estimate we provide is consistent with the expected return of 0.0259%. The fund shows a Beta (market volatility) of -0.0751, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Destinations Core are expected to decrease at a much lower rate. During the bear market, Destinations Core is likely to outperform the market.
Auto-correlation | 0.03 |
Virtually no predictability
Destinations Core Fixed has virtually no predictability. Overlapping area represents the amount of predictability between Destinations Core time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Destinations Core Fixed price movement. The serial correlation of 0.03 indicates that only 3.0% of current Destinations Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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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