Destinations Fundamentals
| DGFZX Fund | USD 9.26 0.02 0.22% |
Destinations Global Fixed fundamentals help investors to digest information that contributes to Destinations Global's financial success or failures. It also enables traders to predict the movement of Destinations Mutual Fund. The fundamental analysis module provides a way to measure Destinations Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Destinations Global mutual fund.
Destinations |
Destinations Bond Positions Weight Analysis
Destinations Global's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Current Destinations Global Bond Positions Weight | 46.65 % |
Most of Destinations Global's fundamental indicators, such as Bond Positions Weight, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Destinations Global Fixed is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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Destinations Global Bond Positions Weight Component Assessment
In accordance with the recently published financial statements, Destinations Global Fixed has a Bond Positions Weight of 46.65%. This is much higher than that of the Destinations Funds family and significantly higher than that of the World Bond category. The bond positions weight for all United States funds is notably lower than that of the firm.
Destinations Global Fixed Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Destinations Global's current stock value. Our valuation model uses many indicators to compare Destinations Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Destinations Global competition to find correlations between indicators driving Destinations Global's intrinsic value. More Info.Destinations Global Fixed is one of the top funds in one year return among similar funds. It is one of the top funds in net asset among similar funds . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Destinations Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Destinations Global's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Global's earnings, one of the primary drivers of an investment's value.Destinations Cash Position Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Destinations Global's direct or indirect competition against its Cash Position Weight to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Destinations Global could also be used in its relative valuation, which is a method of valuing Destinations Global by comparing valuation metrics of similar companies.Destinations Global is currently under evaluation in cash position weight among similar funds.
Fund Asset Allocation for Destinations Global
.Asset allocation divides Destinations Global's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Destinations Fundamentals
| Total Asset | 695.37 M | |||
| One Year Return | (1.96) % | |||
| Three Year Return | 1.12 % | |||
| Net Asset | 695.37 M | |||
| Last Dividend Paid | 0.03 | |||
| Cash Position Weight | 14.61 % | |||
| Equity Positions Weight | 4.63 % | |||
| Bond Positions Weight | 46.65 % |
About Destinations Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Destinations Global Fixed's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Destinations Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Destinations Global Fixed based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund will invest at least 80 percent of its net assets in fixed income securities. Destinations Global is traded on NASDAQ Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Destinations Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Destinations Global's short interest history, or implied volatility extrapolated from Destinations Global options trading.
Pair Trading with Destinations Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving against Destinations Mutual Fund
| - | 0.61 | RCWAX | CAPITAL WORLD BOND | PairCorr | ||
| - | 0.61 | CWBCX | CAPITAL WORLD BOND | PairCorr | ||
| - | 0.61 | CCWCX | CAPITAL WORLD BOND | PairCorr | ||
| - | 0.6 | RCWBX | CAPITAL WORLD BOND | PairCorr | ||
| - | 0.59 | CCWFX | CAPITAL WORLD BOND | PairCorr |
The ability to find closely correlated positions to Destinations Global 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 Global 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 Global - 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 Global Fixed to buy it.
The correlation of Destinations Global is a statistical measure of how it moves in relation to other equities. 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destinations Global Fixed 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 Global 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.Check out Destinations Global Piotroski F Score and Destinations Global Altman Z Score analysis. Note that the Destinations Global Fixed information on this page should be used as a complementary analysis to other Destinations Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Destinations Mutual Fund analysis
When running Destinations Global's price analysis, check to measure Destinations Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Destinations Global is operating at the current time. Most of Destinations Global's value examination focuses on studying past and present price action to predict the probability of Destinations Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Destinations Global's price. Additionally, you may evaluate how the addition of Destinations Global to your portfolios can decrease your overall portfolio volatility.
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