Pax Global Environmental Fund Price on October 31, 2024
| PGINX Fund | USD 24.97 0.03 0.12% |
Below is the normalized historical share price chart for Pax Global Environmental extending back to March 27, 2008. 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 Pax Global stands at 24.97, as last reported on the 30th of November, with the highest price reaching 24.97 and the lowest price hitting 24.97 during the day.
If you're considering investing in Pax Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Pax Mutual Fund to be very steady. Pax Global Environmental maintains Sharpe Ratio (i.e., Efficiency) of 0.0293, which implies the entity had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Pax Global Environmental, which you can use to evaluate the volatility of the fund. Please check Pax Global's Variance of 0.7925, coefficient of variation of (94,811), and Risk Adjusted Performance of 6.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0246%.
Pax Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Pax |
Sharpe Ratio = 0.0293
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| Negative Returns | PGINX |
Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Pax Global is performing at about 2% of its full potential. 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 Pax Global by adding it to a well-diversified portfolio.
Pax Global Valuation on October 31, 2024
It is possible to determine the worth of Pax Global on a given historical date. On October 31, 2024 Pax was worth 24.55 at the beginning of the trading date compared to the closed value of 24.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pax Global mutual fund. Still, in general, we apply an absolute valuation method to find Pax Global'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 Pax Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pax Global's related companies.
| Open | High | Low | Close | Volume | |
| 24.99 | 24.99 | 24.99 | 24.99 | 1.00 | |
10/31/2024 | 24.55 | 24.55 | 24.55 | 24.55 | 1.00 |
| 24.85 | 24.85 | 24.85 | 24.85 | 1.00 |
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Pax Global Trading Date Momentum on October 31, 2024
| On November 01 2024 Pax Global Environmental was traded for 24.85 at the closing time. The highest daily price throughout the period was 24.85 and the lowest price was 24.85 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.22% . The trading delta at closing time to current closing price is 3.05% . |
Pax Global Environmental Fundamentals Correlations and Trends
By evaluating Pax Global'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 Pax Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Pax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Pax Global Mutual Fund history
Pax Global 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 Pax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pax Global Environmental 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 Pax Global stock prices may prove useful in developing a viable investing in Pax Global
Under normal market conditions, the fund invests at least 80 percent of its net assets in companies whose businesses and technologies focus on environmental markets, including alternative energy and energy management efficiency transportation solutions water infrastructure technologies environmental services resources resource efficiency waste management digital infrastructure and sustainable food agriculture.
Pax Global Mutual Fund Technical Analysis
Pax Global 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
Pax Global Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Pax Global Environmental 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.
Pax Global November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Pax Global 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 Pax Global shares will generate the highest return on investment. By undertsting and applying Pax Global mutual fund market strength indicators, traders can identify Pax Global Environmental entry and exit signals to maximize returns
Pax Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pax Global's price direction in advance. Along with the technical and fundamental analysis of Pax Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Pax 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 | 6.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.22) |
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Other Information on Investing in Pax Mutual Fund
Pax Global 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 Global security.
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