Destination OTC Stock Volatility

DXLG -  USA Stock  

USD 4.94  0.02  0.40%

Destination is unstable given 3 months investment horizon. Destination XL Group secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the company had 0.33% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use Destination XL Group market data together with company specific technical indicators. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.03% are justified by taking the suggested risk. Use Destination Mean Deviation of 4.13, downside deviation of 3.55, and Coefficient Of Variation of 297.81 to evaluate company specific risk that cannot be diversified away.

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Destination OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Destination daily returns, and it is calculated using variance and standard deviation. We also use Destination's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Destination volatility.

30 Days Market Risk

Unstable

Chance of Distress

30 Days Economic Sensitivity

Moves totally opposite to the market

Destination Market Sensitivity And Downside Risk

Destination's beta coefficient measures the volatility of Destination otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Destination otc stock's returns against your selected market. In other words, Destination's beta of -0.82 provides an investor with an approximation of how much risk Destination otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Destination's beta means in this case. As returns on the market increase, returns on owning Destination are expected to decrease at a much lower rate. During the bear market, Destination is likely to outperform the market.
3 Months Beta |Analyze Destination XL Group Demand Trend
Check current 90 days Destination correlation with market (DOW)

Destination Beta

    
  -0.82  
Destination standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  6.25  
It is essential to understand the difference between upside risk (as represented by Destination's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Destination stock's daily returns or price. Since the actual investment returns on holding a position in Destination stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Destination.

Destination XL Group OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Destination XL Group Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Destination Projected Return Density Against Market

Given the investment horizon of 90 days Destination XL Group has a beta of -0.8191 suggesting as returns on benchmark increase, returns on holding Destination are expected to decrease at a much lower rate. During the bear market, however, Destination XL Group is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Destination or Consumer Cyclical sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Destination stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Destination stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 2.0743, implying that it can generate a 2.07 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

Destination OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Destination or Consumer Cyclical sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Destination stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Destination stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Given the investment horizon of 90 days the coefficient of variation of Destination is 307.19. The daily returns are distributed with a variance of 39.04 and standard deviation of 6.25. The mean deviation of Destination XL Group is currently at 4.27. For similar time horizon, the selected benchmark (DOW) has volatility of 0.74
α
Alpha over DOW
2.07
β
Beta against DOW-0.82
σ
Overall volatility
6.25
Ir
Information ratio 0.33

Destination OTC Stock Return Volatility

Destination historical daily return volatility represents how much Destination stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm inherits 6.2479% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.7403% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Destination Volatility

Volatility is a rate at which the price of Destination or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Destination may increase or decrease. In other words, similar to Destination's beta indicator, it measures the risk of Destination and helps estimate the fluctuations that may happen in a short period of time. So if prices of Destination fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Last ReportedProjected for 2021
Market Capitalization41.5 M157.4 M
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall mens clothing and shoes in the United States and Canada. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts. Destination operates under Apparel Retail classification in the United States and is traded on OTC Exchange. It employs 1316 people.

Destination Investment Opportunity

Destination XL Group has a volatility of 6.25 and is 8.45 times more volatile than DOW. 53  of all equities and portfolios are less risky than Destination. Compared to the overall equity markets, volatility of historical daily returns of Destination XL Group is higher than 53 () of all global equities and portfolios over the last 90 days. Use Destination XL Group to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Destination to be traded at $4.89 in 90 days. . Let's try to break down what Destination's beta means in this case. As returns on the market increase, returns on owning Destination are expected to decrease at a much lower rate. During the bear market, Destination is likely to outperform the market.

Good diversification

The correlation between Destination XL Group and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destination XL Group and DJI in the same portfolio assuming nothing else is changed.

Destination Additional Risk Indicators

The analysis of Destination's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Destination's investment and either accepting that risk or mitigating it. Along with some common measures of Destination stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.2559
Market Risk Adjusted Performance(2.48)
Mean Deviation4.13
Semi Deviation2.24
Downside Deviation3.55
Coefficient Of Variation297.81
Standard Deviation6.11
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Destination Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Destination as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Destination's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Destination's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Destination XL Group.
Continue to Investing Opportunities. Note that the Destination XL Group information on this page should be used as a complementary analysis to other Destination'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Destination XL Group price analysis, check to measure Destination'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 Destination is operating at the current time. Most of Destination's value examination focuses on studying past and present price action to predict the probability of Destination's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Destination's price. Additionally, you may evaluate how the addition of Destination to your portfolios can decrease your overall portfolio volatility.
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The market value of Destination XL Group is measured differently than its book value, which is the value of Destination that is recorded on the company's balance sheet. Investors also form their own opinion of Destination's value that differs from its market value or its book value, called intrinsic value, which is Destination's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Destination's market value can be influenced by many factors that don't directly affect Destination XL Group underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine Destination value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Destination's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.