Praxis International Index Fund Market Value
| MPLAX Fund | USD 13.36 0.14 1.06% |
| Symbol | PRAXIS |
Praxis International '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 International'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 International.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Praxis International on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Praxis International Index or generate 0.0% return on investment in Praxis International over 30 days. Praxis International is related to or competes with Praxis Growth, Praxis Small, Praxis Small, Praxis International, Praxis Genesis, and Praxis Genesis. The fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or w... More
Praxis International 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 International'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 International Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8572 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.21 |
Praxis International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis International's standard deviation. In reality, there are many statistical measures that can use Praxis International historical prices to predict the future Praxis International's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.02) |
Praxis International Backtested Returns
At this stage we consider PRAXIS Mutual Fund to be very steady. Praxis International maintains Sharpe Ratio (i.e., Efficiency) of 0.0272, which implies the entity had a 0.0272 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Praxis International, which you can use to evaluate the volatility of the fund. Please check Praxis International's Risk Adjusted Performance of 0.0031, coefficient of variation of 19276.88, and Semi Deviation of 0.8107 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%. The fund holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praxis International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis International is expected to be smaller as well.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Praxis International Index has insignificant reverse predictability. Overlapping area represents the amount of predictability between Praxis International time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 International price movement. The serial correlation of -0.16 indicates that over 16.0% of current Praxis International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Praxis International lagged returns against current returns
Autocorrelation, which is Praxis International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Praxis International returns to help us make a trade decision. For example, suppose you find that Praxis International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis International Lagged Returns
When evaluating Praxis International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis International mutual fund have on its future price. Praxis International 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 International autocorrelation shows the relationship between Praxis International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis International Index.
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 International 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 International security.
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| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |