Praxis Genesis Balanced Fund Market Value
| MBAPX Fund | USD 16.53 0.05 0.30% |
| Symbol | Praxis |
Praxis Genesis 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Praxis Genesis' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Praxis Genesis.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Praxis Genesis on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Praxis Genesis Balanced or generate 0.0% return on investment in Praxis Genesis over 690 days. Praxis Genesis is related to or competes with Hennessy Technology, Dreyfus Technology, Janus Global, Goldman Sachs, Technology Ultrasector, Science Technology, and Global Technology. The Portfolio, a fund of funds, seeks to achieve its investment objective by investing primarily in Class I shares of un... More
Praxis Genesis Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Praxis Genesis' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Praxis Genesis Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4812 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.04 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.7339 |
Praxis Genesis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Genesis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Genesis' standard deviation. In reality, there are many statistical measures that can use Praxis Genesis historical prices to predict the future Praxis Genesis' volatility.| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.046 |
Praxis Genesis Balanced Backtested Returns
At this stage we consider Praxis Mutual Fund to be very steady. Praxis Genesis Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Praxis Genesis Balanced, which you can use to evaluate the volatility of the fund. Please check Praxis Genesis' Semi Deviation of 0.4192, coefficient of variation of 1417.68, and Risk Adjusted Performance of 0.047 to confirm if the risk estimate we provide is consistent with the expected return of 0.0479%. The fund holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praxis Genesis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Genesis is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Praxis Genesis Balanced has poor predictability. Overlapping area represents the amount of predictability between Praxis Genesis time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Praxis Genesis Balanced price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Praxis Genesis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Praxis Genesis Balanced lagged returns against current returns
Autocorrelation, which is Praxis Genesis mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Praxis Genesis' mutual fund expected returns. We can calculate the autocorrelation of Praxis Genesis returns to help us make a trade decision. For example, suppose you find that Praxis Genesis has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Praxis Genesis regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Praxis Genesis mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Genesis mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praxis Genesis mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Genesis Lagged Returns
When evaluating Praxis Genesis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Genesis mutual fund have on its future price. Praxis Genesis autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Praxis Genesis autocorrelation shows the relationship between Praxis Genesis mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Genesis Balanced.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Praxis Mutual Fund
Praxis Genesis 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 Genesis security.
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