Pax Esg Beta Fund Market Value
| PWGIX Fund | USD 29.25 0.12 0.41% |
| Symbol | Pax |
Pax Esg '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 Pax Esg'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 Pax Esg.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Pax Esg on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Pax Esg Beta or generate 0.0% return on investment in Pax Esg over 540 days. Pax Esg is related to or competes with Multimanager Lifestyle, Target Retirement, American Funds, Moderately Aggressive, Calvert Moderate, Franklin Lifesmart, and Franklin Lifesmart. The Adviser follows a sustainable investing approach, using a systematic process to invest in sectors, industries and co... More
Pax Esg 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 Pax Esg'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 Pax Esg Beta upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7034 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.15 |
Pax Esg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Esg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Esg's standard deviation. In reality, there are many statistical measures that can use Pax Esg historical prices to predict the future Pax Esg's volatility.| Risk Adjusted Performance | 0.1253 | |||
| Jensen Alpha | 0.095 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.22 |
Pax Esg Beta Backtested Returns
At this stage we consider Pax Mutual Fund to be very steady. Pax Esg Beta maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pax Esg Beta, which you can use to evaluate the volatility of the fund. Please check Pax Esg's Risk Adjusted Performance of 0.1253, coefficient of variation of 605.92, and Semi Deviation of 0.5062 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of 0.0868, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pax Esg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pax Esg is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Pax Esg Beta has modest predictability. Overlapping area represents the amount of predictability between Pax Esg time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Pax Esg Beta price movement. The serial correlation of 0.5 indicates that about 50.0% of current Pax Esg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
Pax Esg Beta lagged returns against current returns
Autocorrelation, which is Pax Esg 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 Pax Esg's mutual fund expected returns. We can calculate the autocorrelation of Pax Esg returns to help us make a trade decision. For example, suppose you find that Pax Esg 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 |
Pax Esg 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 Pax Esg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Esg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pax Esg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pax Esg Lagged Returns
When evaluating Pax Esg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Esg mutual fund have on its future price. Pax Esg 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, Pax Esg autocorrelation shows the relationship between Pax Esg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax Esg Beta.
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 Pax Mutual Fund
Pax Esg 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 Esg security.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |