Pax Msci Eafe Fund Market Value
| PXNIX Fund | USD 10.73 0.15 1.42% |
| Symbol | Pax |
Pax Msci '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 Msci'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 Msci.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pax Msci on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pax Msci Eafe or generate 0.0% return on investment in Pax Msci over 30 days. Pax Msci is related to or competes with Pax Global, Pax Small, Pax Esg, Pax High, and Pax Ellevate. The Adviser follows a sustainable investing approach, investing in companies that the Adviser believes are well position... More
Pax Msci 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 Msci'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 Msci Eafe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.31 |
Pax Msci Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Msci's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Msci's standard deviation. In reality, there are many statistical measures that can use Pax Msci historical prices to predict the future Pax Msci's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.16) |
Pax Msci Eafe Backtested Returns
Pax Msci Eafe maintains Sharpe Ratio (i.e., Efficiency) of -0.068, which implies the entity had a -0.068% return per unit of risk over the last 3 months. Pax Msci Eafe exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pax Msci's Variance of 0.7094, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,371) to confirm the risk estimate we provide. The fund holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pax Msci's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pax Msci is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Pax Msci Eafe has excellent reverse predictability. Overlapping area represents the amount of predictability between Pax Msci time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Pax Msci Eafe price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Pax Msci price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pax Msci Eafe lagged returns against current returns
Autocorrelation, which is Pax Msci 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 Msci's mutual fund expected returns. We can calculate the autocorrelation of Pax Msci returns to help us make a trade decision. For example, suppose you find that Pax Msci 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 Msci 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 Msci mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Msci 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 Msci mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pax Msci Lagged Returns
When evaluating Pax Msci's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Msci mutual fund have on its future price. Pax Msci 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 Msci autocorrelation shows the relationship between Pax Msci mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax Msci Eafe.
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 Msci 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 Msci security.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |