Praxis Impact Bond Fund Price on January 31, 2024
| MIIIX Fund | USD 9.42 0.03 0.32% |
Below is the normalized historical share price chart for Praxis Impact Bond extending back to May 01, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Praxis Impact stands at 9.42, as last reported on the 29th of November, with the highest price reaching 9.42 and the lowest price hitting 9.42 during the day.
If you're considering investing in Praxis Mutual Fund, it is important to understand the factors that can impact its price. Praxis Impact Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0484, which implies the entity had a -0.0484% return per unit of risk over the last 3 months. Praxis Impact Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Praxis Impact's Coefficient Of Variation of (2,468), risk adjusted performance of (0.05), and Variance of 0.093 to confirm the risk estimate we provide.
Praxis Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Praxis |
Sharpe Ratio = -0.0484
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| Negative Returns | MIIIX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Praxis Impact is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Praxis Impact by adding Praxis Impact to a well-diversified portfolio.
Praxis Impact Valuation on January 31, 2024
It is possible to determine the worth of Praxis Impact on a given historical date. On January 31, 2024 Praxis was worth 9.14 at the beginning of the trading date compared to the closed value of 9.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Praxis Impact mutual fund. Still, in general, we apply an absolute valuation method to find Praxis Impact's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Praxis Impact where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Praxis Impact's related companies.
| Open | High | Low | Close | Volume | |
| 9.09 | 9.09 | 9.09 | 9.09 | 1.00 | |
01/31/2024 | 9.14 | 9.14 | 9.14 | 9.14 | 1.00 |
| 9.18 | 9.18 | 9.18 | 9.18 | 1.00 |
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Praxis Impact Trading Date Momentum on January 31, 2024
| On February 01 2024 Praxis Impact Bond was traded for 9.18 at the closing time. The highest daily price throughout the period was 9.18 and the lowest price was 9.18 . There was no trading activity during the period 1.0. Lack of trading volume on 02/01/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.44% . The trading delta at closing time to current closing price is 1.09% . |
Praxis Impact Bond Fundamentals Correlations and Trends
By evaluating Praxis Impact's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Praxis Impact's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Praxis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Praxis Impact Mutual Fund history
Praxis Impact investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Praxis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Praxis Impact Bond will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Praxis Impact stock prices may prove useful in developing a viable investing in Praxis Impact
The fund invests primarily in fixed income securities. The fund invests, under normal circumstances, at least 80 percent of its assets in fixed income securities of all types. It seeks to avoid companies that are deemed inconsistent with the stewardship investing core values. The fund integrates consideration of the impact of environmental, social and governance practices into each investment decision.
Praxis Impact Mutual Fund Technical Analysis
Praxis Impact technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Praxis Impact Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Praxis Impact Bond cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Praxis Impact November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Praxis Impact mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Praxis Impact shares will generate the highest return on investment. By undertsting and applying Praxis Impact mutual fund market strength indicators, traders can identify Praxis Impact Bond entry and exit signals to maximize returns
Praxis Impact Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Praxis Impact's price direction in advance. Along with the technical and fundamental analysis of Praxis Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Praxis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3413 |
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Other Information on Investing in Praxis Mutual Fund
Praxis Impact financial ratios help investors to determine whether Praxis 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 Praxis with respect to the benefits of owning Praxis Impact security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
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