Predex Funds Fund Manager Performance Evaluation
| PRDEX Fund | USD 23.40 0.00 0.00% |
The fund holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Predex Funds are completely uncorrelated.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Predex Funds has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Predex Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 2.2100 |
Predex |
Predex Funds Relative Risk vs. Return Landscape
If you would invest 2,340 in Predex Funds on September 18, 2024 and sell it today you would earn a total of 0.00 from holding Predex Funds or generate 0.0% return on investment over 90 days. Predex Funds is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Predex, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Predex Funds Current Valuation
Fairly Valued
Today
Please note that Predex Funds' price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Predex Funds holds a recent Real Value of $23.4 per share. The prevailing price of the fund is $23.4. We determine the value of Predex Funds from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Predex Funds is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Predex Mutual Fund. However, Predex Funds' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 23.4 | Real 23.4 | Hype 23.4 | Naive 23.4 |
The intrinsic value of Predex Funds' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Predex Funds' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Predex Funds helps investors to forecast how Predex mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Predex Funds more accurately as focusing exclusively on Predex Funds' fundamentals will not take into account other important factors: Predex Funds Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Predex Funds' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Predex Funds, and traders can use it to determine the average amount a Predex Funds' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Predex Funds is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Predex Funds by adding Predex Funds to a well-diversified portfolio.
Predex Funds Fundamentals Growth
Predex Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Predex Funds, and Predex Funds fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Predex Mutual Fund performance.
About Predex Funds Performance
Evaluating Predex Funds' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Predex Funds has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Predex Funds has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Predex Funds is entity of United States. It is traded as Fund on NASDAQ exchange.Things to note about Predex Funds performance evaluation
Checking the ongoing alerts about Predex Funds for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Predex Funds help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Predex Funds generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% |
- Analyzing Predex Funds' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Predex Funds' stock is overvalued or undervalued compared to its peers.
- Examining Predex Funds' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Predex Funds' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Predex Funds' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Predex Funds' mutual fund. These opinions can provide insight into Predex Funds' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Predex Mutual Fund
Predex Funds financial ratios help investors to determine whether Predex 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 Predex with respect to the benefits of owning Predex Funds security.
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