Pax Large Cap Fund Market Value
| PXLIX Fund | USD 15.52 0.01 0.06% |
| Symbol | Pax |
Pax Large '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 Large'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 Large.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pax Large on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pax Large Cap or generate 0.0% return on investment in Pax Large over 30 days. Pax Large is related to or competes with Pax Balanced, Pax High, Green Century, Domini Impact, and Portfolio. Under normal market conditions, the fund invests at least 80 percent of its net assets in equity securities of companies... More
Pax Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8345 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.08 |
Pax Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Large's standard deviation. In reality, there are many statistical measures that can use Pax Large historical prices to predict the future Pax Large's volatility.| Risk Adjusted Performance | 0.0606 | |||
| Jensen Alpha | 0.0598 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.84) |
Pax Large Cap Backtested Returns
At this stage we consider Pax Mutual Fund to be very steady. Pax Large Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0887, which implies the entity had a 0.0887% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pax Large Cap, which you can use to evaluate the volatility of the fund. Please check Pax Large's Risk Adjusted Performance of 0.0606, semi deviation of 0.7528, and Coefficient Of Variation of 1269.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0699%. The fund holds a Beta of -0.0625, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pax Large are expected to decrease at a much lower rate. During the bear market, Pax Large is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
Pax Large Cap has below average predictability. Overlapping area represents the amount of predictability between Pax Large 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 Pax Large Cap price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Pax Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pax Large Cap lagged returns against current returns
Autocorrelation, which is Pax Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Pax Large returns to help us make a trade decision. For example, suppose you find that Pax Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pax Large Lagged Returns
When evaluating Pax Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Large mutual fund have on its future price. Pax Large 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 Large autocorrelation shows the relationship between Pax Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax Large 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 Pax Mutual Fund
Pax Large 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 Large security.
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