Praxis Growth Index Fund Probability of Future Mutual Fund Price Finishing Under 53.97
| MGNDX Fund | USD 50.54 0.10 0.20% |
Praxis |
Praxis Growth Target Price Odds to finish below 53.97
The tendency of Praxis Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 53.97 after 90 days |
| 50.54 | 90 days | 53.97 | close to 99 |
Based on a normal probability distribution, the odds of Praxis Growth to stay under $ 53.97 after 90 days from now is close to 99 (This Praxis Growth Index probability density function shows the probability of Praxis Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Praxis Growth Index price to stay between its current price of $ 50.54 and $ 53.97 at the end of the 90-day period is roughly 2.27 .
Assuming the 90 days horizon Praxis Growth has a beta of 0.69. This indicates as returns on the market go up, Praxis Growth average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Praxis Growth Index will be expected to be much smaller as well. Additionally Praxis Growth Index has an alpha of 0.0962, implying that it can generate a 0.0962 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Praxis Growth Price Density |
| Price |
Predictive Modules for Praxis Growth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Praxis Growth Index. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Praxis Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Praxis Growth Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Praxis Growth is not an exception. The market had few large corrections towards the Praxis Growth's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Praxis Growth Index, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Praxis Growth within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.1 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 1.41 | |
Ir | Information ratio | 0.08 |
Praxis Growth Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Praxis Growth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Praxis Growth Index can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: The Gabelli Convertible and Income Securities Fund Shares Down 1.1 percent - Time to Sell - MarketBeat | |
| The fund maintains 98.54% of its assets in stocks |
Praxis Growth Technical Analysis
Praxis Growth's future price can be derived by breaking down and analyzing its technical indicators over time. Praxis Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Praxis Growth Index. In general, you should focus on analyzing Praxis Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Praxis Growth Predictive Forecast Models
Praxis Growth's time-series forecasting models is one of many Praxis Growth's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Praxis Growth's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Praxis Growth Index
Checking the ongoing alerts about Praxis Growth for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Praxis Growth Index help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: The Gabelli Convertible and Income Securities Fund Shares Down 1.1 percent - Time to Sell - MarketBeat | |
| The fund maintains 98.54% of its assets in stocks |
Other Information on Investing in Praxis Mutual Fund
Praxis Growth 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 Growth security.
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