Destinations Equity Income Fund Quote
| DGEZX Fund | USD 11.30 0.06 0.53% |
Performance7 of 100
| Odds Of DistressLess than 19
|
Destinations Equity is trading at 11.30 as of the 3rd of May 2024; that is 0.53 percent increase since the beginning of the trading day. The fund's open price was 11.24. Destinations Equity has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Destinations Equity Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
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. More on Destinations Equity Income
Moving together with Destinations Mutual Fund
| 0.85 | DLCFX | Destinations Large Cap | PairCorr |
| 0.83 | DLDFX | Destinations Low Duration | PairCorr |
| 0.91 | TEDRX | Franklin Mutual Global | PairCorr |
| 0.92 | FMDRX | Franklin Mutual Global | PairCorr |
| 0.98 | DOXWX | Dodge Cox Global | PairCorr |
| 0.95 | DODWX | Dodge Global Stock | PairCorr |
Destinations Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Destinations Equity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Destinations Equity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Destinations Funds, Large Value Funds, World Large-Stock Value Funds, World Large-Stock Value, Destinations Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Destinations Equity Income [DGEZX] is traded in USA and was established 3rd of May 2024. Destinations Equity is listed under Destinations Funds category by Fama And French industry classification. The fund is listed under World Large-Stock Value category and is part of Destinations Funds family. This fund currently has accumulated 383.75 M in assets under management (AUM) with no minimum investment requirementsDestinations Equity is currently producing year-to-date (YTD) return of 3.19% with the current yeild of 0.03%, while the total return for the last 3 years was 5.57%.
Check Destinations Equity Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Destinations Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Destinations Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Destinations Equity Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Destinations Equity Income Mutual Fund Constituents
| BMY | Bristol Myers Squibb | Stock | Health Care |
| XOM | Exxon Mobil Corp | Stock | Energy |
| VZ | Verizon Communications | Stock | Communication Services |
| T | ATT Inc | Stock | Communication Services |
| SO | Southern Company | Stock | Utilities |
| PM | Philip Morris International | Stock | Consumer Staples |
| PFE | Pfizer Inc | Stock | Health Care |
Destinations Equity Target Price Odds Analysis
Based on a normal probability distribution, the odds of Destinations Equity jumping above the current price in 90 days from now is about 19.57%. The Destinations Equity Income probability density function shows the probability of Destinations Equity mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Destinations Equity has a beta of 0.0087 suggesting as returns on the market go up, Destinations Equity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Destinations Equity Income will be expected to be much smaller as well. Additionally, destinations Equity Income has an alpha of 0.035, implying that it can generate a 0.035 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Destinations Equity to move above the current price in 90 days from now is about 19.57 (This Destinations Equity Income probability density function shows the probability of Destinations Mutual Fund to fall within a particular range of prices over 90 days) .
Destinations Equity Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Destinations Equity market risk premium is the additional return an investor will receive from holding Destinations Equity long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Destinations Equity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Destinations Equity's alpha and beta are two of the key measurements used to evaluate Destinations Equity's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4377 | |||
| Semi Deviation | 0.569 | |||
| Standard Deviation | 0.5721 | |||
| Variance | 0.3273 |
Destinations Equity Against Markets
Picking the right benchmark for Destinations Equity mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Destinations Equity mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Destinations Equity is critical whether you are bullish or bearish towards Destinations Equity Income at a given time. Please also check how Destinations Equity's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Destinations Equity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Destinations Mutual Fund?
Before investing in Destinations Equity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Destinations Equity. To buy Destinations Equity fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Destinations Equity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Destinations Equity fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Destinations Equity Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Destinations Equity Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Destinations Equity Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Destinations Equity Income?
The danger of trading Destinations Equity Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Destinations Equity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Destinations Equity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Destinations Equity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Destinations Equity Income. 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 Equity information on this page should be used as a complementary analysis to other Destinations Equity'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.