Pax High Financials
| PAXHX Fund | USD 6.08 0.01 0.16% |
Pax |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Pax High Fund Summary
Pax High competes with Pax Esg, Pax Balanced, Tcw Core, Pear Tree, and Parnassus Fixed. Under normal market conditions, the fund invests at least 80 percent of its assets in high-yield, fixed income securities that are rated below BBB-by Standard Poors Ratings Group or below Baa3 by Moodys Investors Service, similarly rated by another major rating service, or unrated and determined by the funds investment adviser to be of comparable quality.Specialization | High Yield Bond, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7042237005 |
| Business Address | Pax World Funds |
| Mutual Fund Family | Impax Asset Management |
| Mutual Fund Category | High Yield Bond |
| Benchmark | Dow Jones Industrial |
| Phone | 800 372 7827 |
| Currency | USD - US Dollar |
Pax High Key Financial Ratios
Pax Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Pax High's current stock value. Our valuation model uses many indicators to compare Pax High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Pax High competition to find correlations between indicators driving Pax High's intrinsic value. More Info.Pax High Yield is rated top fund in price to book among similar funds. It also is rated top fund in price to sales among similar funds fabricating about 0.37 of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for Pax High Yield is roughly 2.68 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pax High's earnings, one of the primary drivers of an investment's value.Pax High Yield Systematic Risk
Pax High's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Pax High volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Pax High Yield correlated with the market. If Beta is less than 0 Pax High generally moves in the opposite direction as compared to the market. If Pax High Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Pax High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Pax High is generally in the same direction as the market. If Beta > 1 Pax High moves generally in the same direction as, but more than the movement of the benchmark.
Pax High November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Pax High help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Pax High Yield. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pax High Yield based on widely used predictive technical indicators. In general, we focus on analyzing Pax Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pax High's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2192 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 0.8297 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.3295 |
Other Information on Investing in Pax Mutual Fund
Pax High financial ratios help investors to determine whether Pax Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pax with respect to the benefits of owning Pax High security.
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