Pax E Bond Fund Price on April 26, 2023
| PXBIX Fund | USD 8.85 0.03 0.34% |
Below is the normalized historical share price chart for Pax E Bond extending back to December 16, 2016. 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 Core stands at 8.85, as last reported on the 30th of November, with the highest price reaching 8.85 and the lowest price hitting 8.85 during the day.
If you're considering investing in Pax Mutual Fund, it is important to understand the factors that can impact its price. Pax E Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0402, which implies the entity had a -0.0402% return per unit of risk over the last 3 months. Pax E Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pax Core's Coefficient Of Variation of (3,671), risk adjusted performance of (0.04), and Variance of 0.0884 to confirm the risk estimate we provide.
Pax Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Pax |
Sharpe Ratio = -0.0402
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| Negative Returns | PXBIX |
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
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pax Core 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 Pax Core by adding Pax Core to a well-diversified portfolio.
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Pax Core Valuation on April 26, 2023
It is possible to determine the worth of Pax Core on a given historical date. On April 26, 2023 Pax was worth 8.42 at the beginning of the trading date compared to the closed value of 8.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pax Core mutual fund. Still, in general, we apply an absolute valuation method to find Pax Core'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 Core where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pax Core's related companies.
| Open | High | Low | Close | Volume | |
| 8.45 | 8.45 | 8.45 | 8.45 | 1.00 | |
04/26/2023 | 8.42 | 8.42 | 8.42 | 8.42 | 1.00 |
| 8.38 | 8.38 | 8.38 | 8.38 | 1.00 |
| Backtest Pax Core | | | Pax Core History | | | Pax Core Valuation | Previous | Next |
Pax Core Trading Date Momentum on April 26, 2023
| On April 27 2023 Pax E Bond was traded for 8.38 at the closing time. The highest daily price throughout the period was 8.38 and the lowest price was 8.38 . There was no trading activity during the period 1.0. Lack of trading volume on 04/27/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.48% . The trading delta at closing time to current closing price is 0.36% . |
Pax E Bond Fundamentals Correlations and Trends
By evaluating Pax Core'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 Core'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 Core Mutual Fund history
Pax Core 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 E 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 Pax Core stock prices may prove useful in developing a viable investing in Pax Core
Under normal market conditions, the fund invests at least 80 percent of its net assets in bonds, which include debt obligations such as mortgage-related securities, securities issued by the United States government or its agencies and instrumentalities, municipal bonds, corporate bonds and high-impact bonds across the spectrum of issuers, each of which is, at the time of purchase, rated at least investment grade or unrated and determined by the adviser to be of comparable quality. It also may have a small allocation of high yield bonds.
Pax Core Mutual Fund Technical Analysis
Pax Core 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 Core Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Pax E 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.
Pax Core November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Pax Core 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 Core shares will generate the highest return on investment. By undertsting and applying Pax Core mutual fund market strength indicators, traders can identify Pax E Bond entry and exit signals to maximize returns
Pax Core Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pax Core'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 | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3204 |
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Other Information on Investing in Pax Mutual Fund
Pax Core 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 Core security.
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