Praxis Funds Competition
| PRXV Etf | 32.02 0.16 0.50% |
Praxis Funds vs Discipline Fund Correlation
Almost no diversification
The correlation between Praxis Funds and DSCF is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Funds and DSCF in the same portfolio, assuming nothing else is changed.
Moving together with Praxis Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Praxis Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Praxis Funds Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Praxis Funds and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Praxis and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Praxis Funds does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Praxis Funds Constituents Risk-Adjusted Indicators
There is a big difference between Praxis Etf performing well and Praxis Funds ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Praxis Funds' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRXG | 0.76 | (0.15) | 0.00 | (0.16) | 0.00 | 1.31 | 5.08 | |||
| XRLX | 0.35 | 0.00 | (0.05) | 0.08 | 0.49 | 0.73 | 2.37 | |||
| SQEW | 0.53 | 0.11 | 0.10 | 5.92 | 0.46 | 1.71 | 5.13 | |||
| XFLX | 0.16 | 0.00 | (0.16) | 0.03 | 0.15 | 0.40 | 0.99 | |||
| PPEM | 0.72 | 0.10 | 0.10 | 0.22 | 0.73 | 1.68 | 4.73 | |||
| SIXF | 0.21 | 0.03 | (0.01) | 0.61 | 0.24 | 0.42 | 1.43 | |||
| WLDR | 0.74 | 0.13 | 0.13 | 0.19 | 0.70 | 1.34 | 3.62 | |||
| REMG | 0.74 | 0.11 | 0.10 | 0.20 | 0.73 | 1.67 | 4.75 | |||
| GMOV | 0.56 | 0.17 | 0.24 | 1.32 | 0.29 | 1.41 | 3.00 | |||
| DSCF | 0.21 | 0.04 | 0.02 | 9.71 | 0.00 | 0.46 | 1.30 |
Praxis Funds Competitive Analysis
The better you understand Praxis Funds competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Praxis Funds' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Praxis Funds' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Praxis Funds Competition Performance Charts
Five steps to successful analysis of Praxis Funds Competition
Praxis Funds' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Praxis Funds in relation to its competition. Praxis Funds' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Praxis Funds in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Praxis Funds' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Praxis Funds, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Praxis Funds position
In addition to having Praxis Funds in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Latest Losers Thematic Idea Now
Latest Losers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Losers theme has 295 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Latest Losers Theme or any other thematic opportunities.
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Check out Praxis Funds Correlation with its peers. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of Praxis Funds is measured differently than its book value, which is the value of Praxis that is recorded on the company's balance sheet. Investors also form their own opinion of Praxis Funds' value that differs from its market value or its book value, called intrinsic value, which is Praxis Funds' true underlying value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. Because Praxis Funds' market value can be influenced by many factors that don't directly affect Praxis Funds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Praxis Funds' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Praxis Funds should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Praxis Funds' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.