Brinker Capital Destinations Fund Market Value
| DSHZX Fund | USD 11.81 0.08 0.68% |
| Symbol | Brinker |
Brinker Capital '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 Brinker Capital'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 Brinker Capital.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Brinker Capital on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Brinker Capital Destinations or generate 0.0% return on investment in Brinker Capital over 30 days. Brinker Capital is related to or competes with Destinations Large, Destinations Low, Destinations Low, Destinations Municipal, Destinations Municipal, Destinations Multi, and Destinations Multi. The funds investment strategy seeks to provide capital appreciation through broad exposure to the equity markets with a lower volatility profile than long-only equity strategies, due to its implementation of a hedging strategy that uses index options to seek to limit the magnitude of negative returns during a declining equity market, thereby reducing the level of positive returns required to recoup losses. More
Brinker Capital 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 Brinker Capital'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 Brinker Capital Destinations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6945 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.682 |
Brinker Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brinker Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brinker Capital's standard deviation. In reality, there are many statistical measures that can use Brinker Capital historical prices to predict the future Brinker Capital's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | 0.0243 | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | 0.0692 |
Brinker Capital Dest Backtested Returns
At this stage we consider Brinker Mutual Fund to be very steady. Brinker Capital Dest secures Sharpe Ratio (or Efficiency) of 0.091, which signifies that the fund had a 0.091% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Brinker Capital Destinations, which you can use to evaluate the volatility of the entity. Please confirm Brinker Capital's Risk Adjusted Performance of 0.0671, downside deviation of 0.6945, and Mean Deviation of 0.3742 to double-check if the risk estimate we provide is consistent with the expected return of 0.0505%. The fund shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brinker Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brinker Capital is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Brinker Capital Destinations has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Brinker Capital 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 Brinker Capital Dest price movement. The serial correlation of -0.74 indicates that around 74.0% of current Brinker Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Brinker Capital Dest lagged returns against current returns
Autocorrelation, which is Brinker Capital 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 Brinker Capital's mutual fund expected returns. We can calculate the autocorrelation of Brinker Capital returns to help us make a trade decision. For example, suppose you find that Brinker Capital 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 |
Brinker Capital 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 Brinker Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brinker Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brinker Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Brinker Capital Lagged Returns
When evaluating Brinker Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brinker Capital mutual fund have on its future price. Brinker Capital 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, Brinker Capital autocorrelation shows the relationship between Brinker Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Brinker Capital Destinations.
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 Brinker Mutual Fund
Brinker Capital financial ratios help investors to determine whether Brinker 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 Brinker with respect to the benefits of owning Brinker Capital security.
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