Destinations Large Cap Fund Market Value
| DLCZX Fund | USD 10.96 0.12 1.11% |
| Symbol | Destinations |
Destinations Large '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 Large'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 Large.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Destinations Large on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Large Cap or generate 0.0% return on investment in Destinations Large over 30 days. Destinations Large is related to or competes with Destinations International, Destinations International, Destinations Low, Destinations Low, Destinations Municipal, and Destinations Municipal. The fund will invest at least 80 percent of its net assets in the equity securities of large capitalization companies More
Destinations Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.01 |
Destinations Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Large's standard deviation. In reality, there are many statistical measures that can use Destinations Large historical prices to predict the future Destinations Large's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.11) |
Destinations Large Cap Backtested Returns
Destinations Large Cap secures Sharpe Ratio (or Efficiency) of -0.082, which denotes the fund had a -0.082% return per unit of risk over the last 3 months. Destinations Large Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destinations Large's Standard Deviation of 2.58, mean deviation of 0.8544, and Variance of 6.67 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.96, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Destinations Large will likely underperform.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Destinations Large Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Destinations Large time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Large Cap price movement. The serial correlation of -0.74 indicates that around 74.0% of current Destinations Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 1.82 |
Destinations Large Cap lagged returns against current returns
Autocorrelation, which is Destinations Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Destinations Large returns to help us make a trade decision. For example, suppose you find that Destinations Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Large Lagged Returns
When evaluating Destinations Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Large mutual fund have on its future price. Destinations Large 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 Large autocorrelation shows the relationship between Destinations Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Large Cap.
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 Large 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 Large security.
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