Destinations Large Cap Fund Market Value
| DLCZX Fund | USD 13.73 0.08 0.58% |
| Symbol | Destinations |
Destinations Large '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 Large'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 Large.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Destinations Large on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Destinations Large Cap or generate 0.0% return on investment in Destinations Large over 30 days. Destinations Large is related to or competes with Delaware Investments, Franklin Federal, Angel Oak, Barings Active, and Aqr Long. The fund will invest at least 80 percent of its net assets in the equity securities of large capitalization companies More
Destinations Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6389 | |||
| Information Ratio | 0.018 | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.01 |
Destinations Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinations Large's standard deviation. In reality, there are many statistical measures that can use Destinations Large historical prices to predict the future Destinations Large's volatility.| Risk Adjusted Performance | 0.1302 | |||
| Jensen Alpha | 0.0349 | |||
| Total Risk Alpha | 0.0175 | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | 0.1465 |
Destinations Large Cap Backtested Returns
At this stage we consider Destinations Mutual Fund to be very steady. Destinations Large Cap secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Destinations Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Destinations Large's Downside Deviation of 0.6389, coefficient of variation of 555.7, and Mean Deviation of 0.4913 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, Destinations Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Large is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Destinations Large Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Destinations Large time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Large Cap price movement. The serial correlation of -0.67 indicates that around 67.0% of current Destinations Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Destinations Large Cap lagged returns against current returns
Autocorrelation, which is Destinations Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Destinations Large returns to help us make a trade decision. For example, suppose you find that Destinations Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinations Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Destinations Large Lagged Returns
When evaluating Destinations Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinations Large mutual fund have on its future price. Destinations Large 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 Large autocorrelation shows the relationship between Destinations Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Destinations Large 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 Large 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 Large security.
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