Praxis Small Cap Fund Market Value
| MMSCX Fund | USD 11.80 0.21 1.81% |
| Symbol | Praxis |
Praxis Small '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 Small's 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 Small.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Praxis Small on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Praxis Small Cap or generate 0.0% return on investment in Praxis Small over 30 days. Praxis Small is related to or competes with Praxis Growth, Praxis International, Praxis International, Praxis Genesis, Praxis Genesis, Praxis Value, and Praxis Value. The fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S More
Praxis Small 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 Small's 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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0164 | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 2.13 |
Praxis Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Small's standard deviation. In reality, there are many statistical measures that can use Praxis Small historical prices to predict the future Praxis Small's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0207 | |||
| Treynor Ratio | 0.0955 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Praxis Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Praxis Small Cap Backtested Returns
At this stage we consider Praxis Mutual Fund to be very steady. Praxis Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Praxis Small Cap, which you can use to evaluate the volatility of the fund. Please check Praxis Small's Risk Adjusted Performance of 0.093, coefficient of variation of 863.58, and Semi Deviation of 0.8833 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 1.49, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Praxis Small will likely underperform.
Auto-correlation | 0.41 |
Average predictability
Praxis Small Cap has average predictability. Overlapping area represents the amount of predictability between Praxis Small time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Small Cap price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Praxis Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Praxis Small Cap lagged returns against current returns
Autocorrelation, which is Praxis Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Praxis Small returns to help us make a trade decision. For example, suppose you find that Praxis Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Small Lagged Returns
When evaluating Praxis Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Small mutual fund have on its future price. Praxis Small 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 Small autocorrelation shows the relationship between Praxis Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Small Cap.
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 Small 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 Small security.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |