Destinations Global Fixed Fund Market Value
| DGFFX Fund | USD 9.37 0.01 0.11% |
| Symbol | Destinations |
Destinations Global '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 Global'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 Global.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Destinations Global on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Destinations Global Fixed or generate 0.0% return on investment in Destinations Global over 720 days. Destinations Global is related to or competes with Global Technology, Towpath Technology, Mfs Technology, Fidelity Advisor, and Invesco Technology. The fund will invest at least 80 percent of its net assets in fixed income securities More
Destinations Global 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 Global'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 Global Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 0.8497 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1067 |
Destinations Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Global's standard deviation. In reality, there are many statistical measures that can use Destinations Global historical prices to predict the future Destinations Global's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.90) |
Destinations Global Fixed Backtested Returns
Destinations Global Fixed secures Sharpe Ratio (or Efficiency) of -0.0444, which denotes the fund had a -0.0444% return per unit of risk over the last 3 months. Destinations Global Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destinations Global's Standard Deviation of 0.1109, variance of 0.0123, and Mean Deviation of 0.0593 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0165, which means not very significant fluctuations relative to the market. As returns on the market increase, Destinations Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Global is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Destinations Global Fixed has very good predictability. Overlapping area represents the amount of predictability between Destinations Global time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Global Fixed price movement. The serial correlation of 0.8 indicates that around 80.0% of current Destinations Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Destinations Global Fixed lagged returns against current returns
Autocorrelation, which is Destinations Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Destinations Global returns to help us make a trade decision. For example, suppose you find that Destinations Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Global Lagged Returns
When evaluating Destinations Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Global mutual fund have on its future price. Destinations Global 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 Global autocorrelation shows the relationship between Destinations Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Global 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 Global 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 Global security.
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