Praxis Impact Bond Fund Market Value
| MIIIX Fund | USD 9.46 0.02 0.21% |
| Symbol | Praxis |
Praxis Impact '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 Impact'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 Impact.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Praxis Impact on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Praxis Impact Bond or generate 0.0% return on investment in Praxis Impact over 30 days. Praxis Impact is related to or competes with World Energy, Pimco Energy, Oil Gas, and Calvert Global. The fund invests primarily in fixed income securities More
Praxis Impact 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 Impact'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 Impact Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3082 | |||
| Information Ratio | 0.271 | |||
| Maximum Drawdown | 1.42 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.6417 |
Praxis Impact Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Impact's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Impact's standard deviation. In reality, there are many statistical measures that can use Praxis Impact historical prices to predict the future Praxis Impact's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | 0.052 | |||
| Sortino Ratio | 0.2811 | |||
| Treynor Ratio | 0.354 |
Praxis Impact Bond Backtested Returns
At this stage we consider Praxis Mutual Fund to be very steady. Praxis Impact Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.0475, which implies the entity had a 0.0475 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Praxis Impact Bond, which you can use to evaluate the volatility of the fund. Please check Praxis Impact's Coefficient Of Variation of 884.16, risk adjusted performance of 0.0711, and Semi Deviation of 0.167 to confirm if the risk estimate we provide is consistent with the expected return of 0.0149%. The fund holds a Beta of 0.0739, which implies not very significant fluctuations relative to the market. As returns on the market increase, Praxis Impact's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Impact is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Praxis Impact Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Praxis Impact time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 Praxis Impact Bond price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Praxis Impact price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Praxis Impact Bond lagged returns against current returns
Autocorrelation, which is Praxis Impact 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 Impact's mutual fund expected returns. We can calculate the autocorrelation of Praxis Impact returns to help us make a trade decision. For example, suppose you find that Praxis Impact 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 Impact 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 Impact mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Impact 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 Impact mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Impact Lagged Returns
When evaluating Praxis Impact's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Impact mutual fund have on its future price. Praxis Impact 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 Impact autocorrelation shows the relationship between Praxis Impact mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Impact 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 Praxis Mutual Fund
Praxis Impact 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 Impact security.
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