Destinations Global Fixed Fund Manager Performance Evaluation
| DGFZX Fund | USD 9.53 0.01 0.11% |
The fund shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Destinations Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Destinations Global is expected to be smaller as well.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Destinations Global Fixed are ranked lower than 22 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Destinations Global is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.8800 |
Destinations |
Destinations Global Relative Risk vs. Return Landscape
If you would invest 935.00 in Destinations Global Fixed on January 25, 2024 and sell it today you would earn a total of 18.00 from holding Destinations Global Fixed or generate 1.93% return on investment over 90 days. Destinations Global Fixed is currently producing 0.0308% returns and takes up 0.1069% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Destinations, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Destinations Global Current Valuation
Overvalued
Today
Please note that Destinations Global's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Destinations Global Fixed shows a prevailing Real Value of $8.75 per share. The current price of the fund is $9.53. We determine the value of Destinations Global Fixed from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Our valuation method for Destinations Global Fixed is useful when determining the fair value of the Destinations mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Destinations Global. Since Destinations Global is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Destinations Mutual Fund. However, Destinations Global's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.53 | Real 8.75 | Hype 9.53 |
The real value of Destinations Mutual Fund, also known as its intrinsic value, is the underlying worth of Destinations Global Fixed Mutual Fund, which is reflected in its stock price. It is based on Destinations Global's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Destinations Global's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Destinations Global's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Destinations Global Fixed helps investors to forecast how Destinations mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Destinations Global more accurately as focusing exclusively on Destinations Global's fundamentals will not take into account other important factors: Destinations Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinations Global's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Destinations Global Fixed, and traders can use it to determine the average amount a Destinations Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2883
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| DGFZX |
Based on monthly moving average Destinations Global is performing at about 22% 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 Global by adding it to a well-diversified portfolio.
Destinations Global Fundamentals Growth
Destinations Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Destinations Global, and Destinations Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Destinations Mutual Fund performance.
| Total Asset | 695.37 M | ||||
About Destinations Global Performance
To evaluate Destinations Global Fixed Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Destinations Global generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Destinations Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Destinations Global Fixed market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Destinations's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund will invest at least 80 percent of its net assets in fixed income securities. It invests primarily in investment grade and non-investment grade debt, preferred stock, convertible bonds, bank loans, high yield bonds, municipal bonds and SPACs. The fund will invest in securities of various credit qualities and maturities. It is expected that, under normal market conditions, at least 40 percent of its assets will be invested in the securities of companies that are tied economically to at least three countries outside the U.S.Things to note about Destinations Global Fixed performance evaluation
Checking the ongoing alerts about Destinations Global for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Destinations Global Fixed help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 14.61% of its assets under management (AUM) in cash |
- Analyzing Destinations Global's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Destinations Global's stock is overvalued or undervalued compared to its peers.
- Examining Destinations Global's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Destinations Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Destinations Global's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Destinations Global's mutual fund. These opinions can provide insight into Destinations Global's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Destinations Global Fixed. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.