Destinations Equity One Year Return vs. Cash Position Weight
| DGEZX Fund | USD 12.44 0.02 0.16% |
For Destinations Equity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Destinations Equity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Destinations Equity Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Destinations Equity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Destinations Equity Income over time as well as its relative position and ranking within its peers.
Destinations |
Destinations Equity Cash Position Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Destinations Equity's current stock value. Our valuation model uses many indicators to compare Destinations Equity value to that of its competitors to determine the firm's financial worth. Destinations Equity Income is one of the top funds in one year return among similar funds. It also is one of the top funds in cash position weight among similar funds creating about 0.07 of Cash Position Weight per One Year Return. The ratio of One Year Return to Cash Position Weight for Destinations Equity Income is roughly 13.59 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Destinations Equity's earnings, one of the primary drivers of an investment's value.Destinations Cash Position Weight vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Destinations Equity |
| = | 17.40 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Destinations Equity |
| = | 1.28 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Destinations Cash Position Weight Comparison
Destinations Equity is currently under evaluation in cash position weight among similar funds.
Destinations Equity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Destinations Equity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Destinations Equity will eventually generate negative long term returns. The profitability progress is the general direction of Destinations Equity's change in net profit over the period of time. It can combine multiple indicators of Destinations Equity, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund will invest at least 80 percent of its net assets in dividend-paying equity securities of both U.S.-based and foreign companies. It invests primarily in common stock, preferred stock, interests in REITs, foreign securities, depositary receipts, equity-linked notes and derivatives that are believed to be attractively valued and to have the potential for long-term growth. The fund typically will invest in foreign securities, including securities of issuers located in emerging markets.
Destinations Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Destinations Equity. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Destinations Equity position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Destinations Equity's important profitability drivers and their relationship over time.
Use Destinations Equity in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Destinations Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Destinations Equity will appreciate offsetting losses from the drop in the long position's value.Destinations Equity Pair Trading
Destinations Equity Income Pair Trading Analysis
The ability to find closely correlated positions to Destinations Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Destinations Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Destinations Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Destinations Equity Income to buy it.
The correlation of Destinations Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Destinations Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destinations Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Destinations Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Destinations Equity position
In addition to having Destinations Equity in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Destinations Mutual Fund
To fully project Destinations Equity's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Destinations Equity at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Destinations Equity's income statement, its balance sheet, and the statement of cash flows.
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