Destinations Multi Strategy Fund Market Value
| DMSZX Fund | USD 10.29 0.02 0.19% |
| Symbol | Destinations |
Destinations Multi '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 Multi'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 Multi.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Destinations Multi on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Destinations Multi Strategy or generate 0.0% return on investment in Destinations Multi over 720 days. Destinations Multi is related to or competes with Destinations International, Destinations International, Destinations Large, Destinations Low, Destinations Large, Destinations Low, and Destinations Municipal. The adviser employs a strategy intended to generate long term growth across market cycles with reduced correlation to th... More
Destinations Multi 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 Multi'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 Multi Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2167 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 0.9719 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2904 |
Destinations Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Multi's standard deviation. In reality, there are many statistical measures that can use Destinations Multi historical prices to predict the future Destinations Multi's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.01) |
Destinations Multi Backtested Returns
At this stage we consider Destinations Mutual Fund to be very steady. Destinations Multi secures Sharpe Ratio (or Efficiency) of 0.0592, which denotes the fund had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Destinations Multi Strategy, which you can use to evaluate the volatility of the entity. Please confirm Destinations Multi's Downside Deviation of 0.2167, mean deviation of 0.1424, and Coefficient Of Variation of 2003.71 to check if the risk estimate we provide is consistent with the expected return of 0.0107%. The fund shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Destinations Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Multi is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Destinations Multi Strategy has excellent predictability. Overlapping area represents the amount of predictability between Destinations Multi time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Multi price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Destinations Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Destinations Multi lagged returns against current returns
Autocorrelation, which is Destinations Multi 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 Multi's mutual fund expected returns. We can calculate the autocorrelation of Destinations Multi returns to help us make a trade decision. For example, suppose you find that Destinations Multi 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 Multi 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 Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Multi 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 Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Multi Lagged Returns
When evaluating Destinations Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Multi mutual fund have on its future price. Destinations Multi 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 Multi autocorrelation shows the relationship between Destinations Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Multi Strategy.
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 Multi 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 Multi security.
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