Destinations Municipal Fixed Fund Market Value
| DMFZX Fund | USD 9.65 0.01 0.10% |
| Symbol | Destinations |
Destinations Municipal '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 Municipal'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 Municipal.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Destinations Municipal on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Municipal Fixed or generate 0.0% return on investment in Destinations Municipal over 90 days. Destinations Municipal is related to or competes with Ab Bond, Nationwide Government, Ishares Aggregate, T Rowe, Gmo Core, Ab Bond, and Versatile Bond. The fund will invest, under normal market conditions, at least 80 percent of its net assets in fixed income securities t... More
Destinations Municipal 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 Municipal'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 Municipal Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.5796 | |||
| Maximum Drawdown | 0.831 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.209 |
Destinations Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Municipal's standard deviation. In reality, there are many statistical measures that can use Destinations Municipal historical prices to predict the future Destinations Municipal's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0071 | |||
| Treynor Ratio | (0.70) |
Destinations Municipal Backtested Returns
Destinations Municipal secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the fund had a close to zero % return per unit of risk over the last 3 months. Destinations Municipal Fixed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destinations Municipal's Mean Deviation of 0.1286, variance of 0.0334, and Standard Deviation of 0.1828 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0297, which means not very significant fluctuations relative to the market. As returns on the market increase, Destinations Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Municipal is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
Destinations Municipal Fixed has weak reverse predictability. Overlapping area represents the amount of predictability between Destinations Municipal 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 Municipal price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Destinations Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Destinations Municipal lagged returns against current returns
Autocorrelation, which is Destinations Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Destinations Municipal returns to help us make a trade decision. For example, suppose you find that Destinations Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Municipal Lagged Returns
When evaluating Destinations Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Municipal mutual fund have on its future price. Destinations Municipal 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 Municipal autocorrelation shows the relationship between Destinations Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Municipal 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 Municipal 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 Municipal security.
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