Pax High Yield Fund Price on November 29, 2024
| PXHAX Fund | USD 6.13 0.01 0.16% |
Below is the normalized historical share price chart for Pax High Yield extending back to May 02, 2013. 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 High stands at 6.13, as last reported on the 11th of December 2024, with the highest price reaching 6.13 and the lowest price hitting 6.13 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 High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pax High Yield, which you can use to evaluate the volatility of the fund. Please check Pax High's Risk Adjusted Performance of 0.0482, standard deviation of 0.1417, and Downside Deviation of 0.1878 to confirm if the risk estimate we provide is consistent with the expected return of 0.0183%.
Pax Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Pax |
Sharpe Ratio = 0.1265
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| Negative Returns | PXHAX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Pax High is performing at about 9% 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 High by adding it to a well-diversified portfolio.
Pax High Valuation on November 29, 2024
It is possible to determine the worth of Pax High on a given historical date. On November 29, 2024 Pax was worth 6.11 at the beginning of the trading date compared to the closed value of 6.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pax High mutual fund. Still, in general, we apply an absolute valuation method to find Pax High'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 High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pax High's related companies.
| Open | High | Low | Close | Volume | |
| 6.10 | 6.10 | 6.10 | 6.10 | 1.00 | |
11/29/2024 | 6.11 | 6.11 | 6.11 | 6.11 | 1.00 |
| 6.11 | 6.11 | 6.11 | 6.11 | 1.00 |
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Pax High Trading Date Momentum on November 29, 2024
| On December 02 2024 Pax High Yield was traded for 6.11 at the closing time. The highest daily price throughout the period was 6.11 and the lowest price was 6.11 . There was no trading activity during the period 1.0. Lack of trading volume on 12/02/2024 did not cause price change. The trading delta at closing time to current closing price is 0.33% . |
Pax High Yield Fundamentals Correlations and Trends
By evaluating Pax High'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 High'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 High Mutual Fund history
Pax High 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 High Yield 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 High stock prices may prove useful in developing a viable investing in Pax High
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.
Pax High Mutual Fund Technical Analysis
Pax High 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 High Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Pax High Yield 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 High December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Pax High 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 High shares will generate the highest return on investment. By undertsting and applying Pax High mutual fund market strength indicators, traders can identify Pax High Yield entry and exit signals to maximize returns
Pax High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pax High'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 | 0.0482 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 0.282 |
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| Volume Indicators |
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.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |