Praxis Growth Index Fund Market Value
| MGNDX Fund | USD 50.74 0.81 1.62% |
| Symbol | Praxis |
Praxis Growth '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 Praxis Growth'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 Praxis Growth.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Praxis Growth on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Praxis Growth Index or generate 0.0% return on investment in Praxis Growth over 720 days. Praxis Growth is related to or competes with Praxis Growth, Praxis Small, Praxis Small, Praxis International, Praxis International, Praxis Genesis, and Praxis Genesis. The fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S More
Praxis Growth 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 Praxis Growth'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 Praxis Growth Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9709 | |||
| Information Ratio | 0.1059 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.66 |
Praxis Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Growth's standard deviation. In reality, there are many statistical measures that can use Praxis Growth historical prices to predict the future Praxis Growth's volatility.| Risk Adjusted Performance | 0.1762 | |||
| Jensen Alpha | 0.1318 | |||
| Total Risk Alpha | 0.066 | |||
| Sortino Ratio | 0.1005 | |||
| Treynor Ratio | 0.3025 |
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 Index Backtested Returns
At this stage we consider Praxis Mutual Fund to be very steady. Praxis Growth Index maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Praxis Growth Index, which you can use to evaluate the volatility of the fund. Please check Praxis Growth's Semi Deviation of 0.5949, risk adjusted performance of 0.1762, and Coefficient Of Variation of 415.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The fund holds a Beta of 0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praxis Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Growth is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Praxis Growth Index has very good predictability. Overlapping area represents the amount of predictability between Praxis Growth time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Praxis Growth Index price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Praxis Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 13.18 |
Praxis Growth Index lagged returns against current returns
Autocorrelation, which is Praxis Growth 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 Praxis Growth's mutual fund expected returns. We can calculate the autocorrelation of Praxis Growth returns to help us make a trade decision. For example, suppose you find that Praxis Growth 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 |
Praxis Growth 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 Praxis Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praxis Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Growth Lagged Returns
When evaluating Praxis Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Growth mutual fund have on its future price. Praxis Growth 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, Praxis Growth autocorrelation shows the relationship between Praxis Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Growth Index.
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 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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