Pax E Bond Fund Market Value
| PXBIX Fund | USD 8.87 0.01 0.11% |
| Symbol | Pax |
Pax Core '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 Core'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 Core.
| 11/09/2023 |
| 03/03/2025 |
If you would invest 0.00 in Pax Core on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding Pax E Bond or generate 0.0% return on investment in Pax Core over 480 days. Pax Core is related to or competes with Principal Lifetime, Stone Ridge, Madison Diversified, Diversified Real, Global Diversified, and Elfun Diversified. Under normal market conditions, the fund invests at least 80 percent of its net assets in bonds, which include debt obli... More
Pax Core 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 Core'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 E Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3193 | |||
| Information Ratio | 0.1486 | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.5741 |
Pax Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Core's standard deviation. In reality, there are many statistical measures that can use Pax Core historical prices to predict the future Pax Core's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | 0.0352 | |||
| Sortino Ratio | 0.1507 | |||
| Treynor Ratio | 0.3399 |
Pax E Bond Backtested Returns
At this stage we consider Pax Mutual Fund to be very steady. Pax E Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.0499, which implies the entity had a 0.0499 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pax E Bond, which you can use to evaluate the volatility of the fund. Please check Pax Core's Risk Adjusted Performance of 0.0671, coefficient of variation of 921.86, and Semi Deviation of 0.1915 to confirm if the risk estimate we provide is consistent with the expected return of 0.0156%. The fund holds a Beta of 0.0739, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pax Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pax Core is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Pax E Bond has average predictability. Overlapping area represents the amount of predictability between Pax Core time series from 9th of November 2023 to 6th of July 2024 and 6th of July 2024 to 3rd of March 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 Pax E Bond price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Pax Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pax E Bond lagged returns against current returns
Autocorrelation, which is Pax Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Pax Core returns to help us make a trade decision. For example, suppose you find that Pax Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pax Core Lagged Returns
When evaluating Pax Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Core mutual fund have on its future price. Pax Core 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 Core autocorrelation shows the relationship between Pax Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax E Bond.
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 Core 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 Core security.
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