Pax Small Cap Fund Market Value

PXSAX Fund  USD 18.87  0.34  1.77%   
Pax Small's market value is the price at which a share of Pax Small trades on a public exchange. It measures the collective expectations of Pax Small Cap investors about its performance. Pax Small is trading at 18.87 as of the 23rd of November 2024; that is 1.77% down since the beginning of the trading day. The fund's open price was 19.21.
With this module, you can estimate the performance of a buy and hold strategy of Pax Small Cap and determine expected loss or profit from investing in Pax Small over a given investment horizon. Check out Pax Small Correlation, Pax Small Volatility and Pax Small Alpha and Beta module to complement your research on Pax Small.
Symbol

Please note, there is a significant difference between Pax Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pax Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pax Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Pax Small '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 Small'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 Small.
0.00
09/24/2024
No Change 0.00  0.0 
In 2 months and 2 days
11/23/2024
0.00
If you would invest  0.00  in Pax Small on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Pax Small Cap or generate 0.0% return on investment in Pax Small over 60 days. Pax Small is related to or competes with Metropolitan West, Nuveen All-american, Artisan High, Transamerica Intermediate, Morningstar Defensive, and Bbh Intermediate. The fund invests at least 80 percent of its net assets in equity securities of companies that, when purchased, have capi... More

Pax Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Pax Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Small's standard deviation. In reality, there are many statistical measures that can use Pax Small historical prices to predict the future Pax Small's volatility.
Hype
Prediction
LowEstimatedHigh
17.8118.8719.93
Details
Intrinsic
Valuation
LowRealHigh
17.5918.6519.71
Details
Naive
Forecast
LowNextHigh
17.2918.3519.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.4018.7519.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pax Small. Your research has to be compared to or analyzed against Pax Small's peers to derive any actionable benefits. When done correctly, Pax Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pax Small Cap.

Pax Small Cap Backtested Returns

At this stage we consider Pax Mutual Fund to be very steady. Pax Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pax Small Cap, which you can use to evaluate the volatility of the fund. Please check Pax Small's Coefficient Of Variation of 713.07, semi deviation of 0.7581, and Risk Adjusted Performance of 0.1105 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.066, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pax Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pax Small is expected to be smaller as well.

Auto-correlation

    
  0.19  

Very weak predictability

Pax Small Cap has very weak predictability. Overlapping area represents the amount of predictability between Pax Small time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Small Cap price movement. The serial correlation of 0.19 indicates that over 19.0% of current Pax Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.39
Residual Average0.0
Price Variance0.26

Pax Small Cap lagged returns against current returns

Autocorrelation, which is Pax Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Pax Small returns to help us make a trade decision. For example, suppose you find that Pax Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pax Small Lagged Returns

When evaluating Pax Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Small mutual fund have on its future price. Pax Small 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 Small autocorrelation shows the relationship between Pax Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax Small Cap.
   Regressed Prices   
       Timeline  

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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 Small 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 Small security.
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