Praxis Value Index Fund Market Value
| MVIIX Fund | USD 20.25 0.11 0.55% |
| Symbol | Praxis |
Praxis Value '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 Value'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 Value.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Praxis Value on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Praxis Value Index or generate 0.0% return on investment in Praxis Value over 30 days. Praxis Value is related to or competes with Praxis Growth, Praxis Small, Praxis Small, Praxis International, Praxis International, Praxis Genesis, and Praxis Genesis. The fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S More
Praxis Value 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 Value'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 Value Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4924 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 1.01 |
Praxis Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Value's standard deviation. In reality, there are many statistical measures that can use Praxis Value historical prices to predict the future Praxis Value's volatility.| Risk Adjusted Performance | 0.1218 | |||
| Jensen Alpha | (0.000051) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1207 |
Praxis Value Index Backtested Returns
At this stage we consider Praxis Mutual Fund to be very steady. Praxis Value Index maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Praxis Value Index, which you can use to evaluate the volatility of the fund. Please check Praxis Value's Risk Adjusted Performance of 0.1218, coefficient of variation of 617.66, and Semi Deviation of 0.3337 to confirm if the risk estimate we provide is consistent with the expected return of 0.0981%. The fund holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praxis Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Value is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Praxis Value Index has good predictability. Overlapping area represents the amount of predictability between Praxis Value 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 Value Index price movement. The serial correlation of 0.71 indicates that around 71.0% of current Praxis Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Praxis Value Index lagged returns against current returns
Autocorrelation, which is Praxis Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Praxis Value returns to help us make a trade decision. For example, suppose you find that Praxis Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Value Lagged Returns
When evaluating Praxis Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Value mutual fund have on its future price. Praxis Value 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 Value autocorrelation shows the relationship between Praxis Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Value 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 Value 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 Value security.
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