Destinations Municipal Fixed Fund Price on November 27, 2024
| DMFZX Fund | USD 9.78 0.01 0.10% |
Below is the normalized historical share price chart for Destinations Municipal Fixed extending back to July 16, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Destinations Municipal stands at 9.78, as last reported on the 4th of December, with the highest price reaching 9.78 and the lowest price hitting 9.78 during the day.
If you're considering investing in Destinations Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Destinations Mutual Fund to be very steady. Destinations Municipal secures Sharpe Ratio (or Efficiency) of 0.0369, which denotes the fund had a 0.0369% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Destinations Municipal Fixed, which you can use to evaluate the volatility of the entity. Please confirm Destinations Municipal's Downside Deviation of 0.3474, coefficient of variation of 1605.26, and Mean Deviation of 0.1016 to check if the risk estimate we provide is consistent with the expected return of 0.0066%.
Destinations Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Destinations |
Sharpe Ratio = 0.0369
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| Negative Returns | DMFZX |
Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Destinations Municipal is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Destinations Municipal by adding it to a well-diversified portfolio.
Destinations Municipal Valuation on November 27, 2024
It is possible to determine the worth of Destinations Municipal on a given historical date. On November 27, 2024 Destinations was worth 9.74 at the beginning of the trading date compared to the closed value of 9.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Destinations Municipal mutual fund. Still, in general, we apply an absolute valuation method to find Destinations Municipal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Destinations Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Destinations Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 9.73 | 9.73 | 9.73 | 9.73 | 1.00 | |
11/27/2024 | 9.74 | 9.74 | 9.74 | 9.74 | 1.00 |
| 9.76 | 9.76 | 9.76 | 9.76 | 1.00 |
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Destinations Municipal Trading Date Momentum on November 27, 2024
| On November 29 2024 Destinations Municipal Fixed was traded for 9.76 at the closing time. The highest daily price throughout the period was 9.76 and the lowest price was 9.76 . There was no trading activity during the period 1.0. Lack of trading volume on 11/29/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.21% . The overall trading delta to current closing price is 0.41% . |
Destinations Municipal Fundamentals Correlations and Trends
By evaluating Destinations Municipal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Destinations Municipal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Destinations financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Destinations Municipal Mutual Fund history
Destinations Municipal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Destinations is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Destinations Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Destinations Municipal stock prices may prove useful in developing a viable investing in Destinations Municipal
The fund will invest, under normal market conditions, at least 80 percent of its net assets in fixed income securities that pay interest that is exempt from regular federal income tax. It primarily invests in investment grade debt obligations, but may invest to a limited extent in obligations that are rated below-investment grade .
Destinations Municipal Mutual Fund Technical Analysis
Destinations Municipal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Destinations Municipal Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Destinations Municipal Fixed cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Destinations Municipal December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Destinations Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Destinations Municipal shares will generate the highest return on investment. By undertsting and applying Destinations Municipal mutual fund market strength indicators, traders can identify Destinations Municipal Fixed entry and exit signals to maximize returns
Destinations Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Destinations Municipal's price direction in advance. Along with the technical and fundamental analysis of Destinations Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Destinations to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0145 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.02) |
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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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