Praxis Value Correlations

MVIIX Fund

USD 17.72 0.08 0.45%

The current 90-days correlation between Praxis Value Index and Goldman Sachs High is -0.06 (i.e., Good diversification). The correlation of Praxis Value is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Praxis Value Correlation With Market

Significant diversification

The correlation between Praxis Value Index and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Value Index and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Praxis Value Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Praxis Mutual Fund

0.92	VVIAX	Vanguard Value Index	Pair Corr
0.84	DOXGX	Dodge Cox Stock	Pair Corr
0.98	AFMFX	American Mutual	Pair Corr
0.75	FFMMX	American Funds American	Pair Corr
0.98	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.66	AMFFX	American Mutual	Pair Corr
0.65	AMFCX	American Mutual	Pair Corr
0.89	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.72	GE	GE Aerospace	Pair Corr
0.76	WMT	Walmart	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr

Moving against Praxis Mutual Fund

0.66

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	GSHAX	ARTFX	MWHIX	GHVIX	BXHCX	NWJVX	DIHRX
GSHAX		0.93	0.89	0.94	0.95	0.8	0.77	GSHAX
ARTFX	0.93		0.96	0.96	0.98	0.85	0.83	ARTFX
MWHIX	0.89	0.96		0.95	0.95	0.89	0.88	MWHIX
GHVIX	0.94	0.96	0.95		0.97	0.85	0.9	GHVIX
BXHCX	0.95	0.98	0.95	0.97		0.8	0.82	BXHCX
NWJVX	0.8	0.85	0.89	0.85	0.8		0.86	NWJVX
DIHRX	0.77	0.83	0.88	0.9	0.82	0.86		DIHRX
	GSHAX	ARTFX	MWHIX	GHVIX	BXHCX	NWJVX	DIHRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Value Mutual Fund 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 Value's 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
GSHAX	0.15	0.00	0.23	(0.09)	0.18	(0.27)	0.53	(0.36)	1.08
ARTFX	0.12	(0.01)	0.35	0.24	0.13	(0.20)	0.44	(0.22)	0.89
MWHIX	0.12	(0.01)	0.34	0.18	0.12	(0.22)	0.54	(0.32)	0.87
GHVIX	0.16	(0.01)	0.31	0.10	0.18	(0.17)	0.24	(0.35)	1.01
BXHCX	0.13	(0.01)	0.00	0.28	0.00	0.00	0.37	(0.37)	1.00
NWJVX	0.08	0.01	0.69	0.67	0.00	(0.14)	0.20	(0.10)	0.61
DIHRX	0.61	0.06	0.18	(0.46)	0.68	(0.69)	1.51	(1.19)	3.80

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