Destra Multi-Alternative Fund (Destra Multi-Alternative Fund) GF Value Rank : 0 (As of Jun. 09, 2024)

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What is Destra Multi-Alternative Fund GF Value Rank?

Destra Multi-Alternative Fund has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Destra Multi-Alternative Fund GF Value Rank Related Terms

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Destra Multi-Alternative Fund (Destra Multi-Alternative Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Destra Multi-Alternative Fund (NYSE:DMA) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

443 N Willson Avenue, Bozeman, MT, USA, 59715

Website

http://www.destracapital.com

Destra Multi-Alternative Fund is a non-diversified, closed-end management investment company that operates as an interval fund with a continuous offering of fund shares. The investment objective of the fund is to seek returns from capital appreciation and income with an emphasis on income generation.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Randi Jean Roessler	officer: Chief Compliance Officer	C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Robert A. Watson	officer: PRESIDENT	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Zach Leeds	other: Assistant Portfolio Manager	1710 LARKIN ST, #11, SAN FRANCISCO CA 94109
Kenneth B. Merritt	officer: Assistant Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Gossard Cory J	officer: Chief Compliance Officer	C/O PINE ADVISER SOLUTIONS, 501 S. CHERRY STREET, SUITE 1090, DENVER CO 80246
Jacob G. Schultz	officer: Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Marcie Mcveigh	officer: Assistant Treasurer	225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Derek Jason Mullins	officer: CFO and Treasurer	C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Nicholas Dalmaso	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael Erickson	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Jeffrey S. Murphy	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
John Scott Emrich	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Aaron Jay Rosen	other: Advior Affiliate	10655 CALLE MAR DE MARIPOSA #4101, SAN DIEGO CA 92130