Destinations Small Mid Cap Fund Market Value
| DSMFX Fund | USD 13.57 0.15 1.12% |
| Symbol | Destinations |
Destinations Small '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 Small'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 Small.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Destinations Small on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Small Mid Cap or generate 0.0% return on investment in Destinations Small over 30 days. Destinations Small is related to or competes with Destinations International, Destinations International, Destinations Large, Destinations Low, Destinations Large, Destinations Low, and Destinations Municipal. The fund will invest at least 80 percent of its net assets in the equity securities of small- and mid-capitalization com... More
Destinations Small 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 Small'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 Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.79 |
Destinations Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Small's standard deviation. In reality, there are many statistical measures that can use Destinations Small historical prices to predict the future Destinations Small's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.04) |
Destinations Small Mid Backtested Returns
Destinations Small Mid secures Sharpe Ratio (or Efficiency) of -0.0352, which denotes the fund had a -0.0352% return per unit of risk over the last 3 months. Destinations Small Mid Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destinations Small's Mean Deviation of 0.9101, standard deviation of 1.7, and Variance of 2.88 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.74, 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 Small will likely underperform.
Auto-correlation | 0.34 |
Below average predictability
Destinations Small Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Destinations Small 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 Small Mid price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Destinations Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Destinations Small Mid lagged returns against current returns
Autocorrelation, which is Destinations Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Destinations Small returns to help us make a trade decision. For example, suppose you find that Destinations Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Small Lagged Returns
When evaluating Destinations Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Small mutual fund have on its future price. Destinations Small 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 Small autocorrelation shows the relationship between Destinations Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Small Mid 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 Small 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 Small security.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |