Pax Ellevate Three Year Return vs. One Year Return

Based on the measurements of profitability obtained from Pax Ellevate's financial statements, Pax Ellevate Global may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Pax Ellevate's ability to earn profits and add value for shareholders.
For Pax Ellevate profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pax Ellevate to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pax Ellevate Global utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pax Ellevate's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pax Ellevate Global over time as well as its relative position and ranking within its peers.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
Please note, there is a significant difference between Pax Ellevate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pax Ellevate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pax Ellevate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Pax Ellevate Global One Year Return vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Pax Ellevate's current stock value. Our valuation model uses many indicators to compare Pax Ellevate value to that of its competitors to determine the firm's financial worth.
Pax Ellevate Global is rated top fund in three year return among similar funds. It also is rated top fund in one year return among similar funds reporting about  4.84  of One Year Return per Three Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Pax Ellevate's earnings, one of the primary drivers of an investment's value.

Pax One Year Return vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Pax Ellevate

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
4.03 %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

Pax Ellevate

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
19.53 %
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Pax One Year Return Comparison

Pax Ellevate is currently under evaluation in one year return among similar funds.

Pax Ellevate Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Pax Ellevate, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pax Ellevate will eventually generate negative long term returns. The profitability progress is the general direction of Pax Ellevate's change in net profit over the period of time. It can combine multiple indicators of Pax Ellevate, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks investment returns that closely correspond to or exceed the price and yield performance, before fees and expenses, of the Impax Global Womens Leadership Index. PAX Ellevate is traded on NASDAQ Exchange in the United States.

Pax Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Pax Ellevate. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Pax Ellevate position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Pax Ellevate's important profitability drivers and their relationship over time.

Use Pax Ellevate in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pax Ellevate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pax Ellevate will appreciate offsetting losses from the drop in the long position's value.

Pax Ellevate Pair Trading

Pax Ellevate Global Pair Trading Analysis

The ability to find closely correlated positions to Pax Ellevate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pax Ellevate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pax Ellevate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pax Ellevate Global to buy it.
The correlation of Pax Ellevate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pax Ellevate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pax Ellevate Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pax Ellevate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Pax Ellevate position

In addition to having Pax Ellevate in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Casinos Thematic Idea Now

Casinos
Casinos Theme
Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Casinos Theme or any other thematic opportunities.
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Other Tools for Pax Mutual Fund

When running Pax Ellevate's price analysis, check to measure Pax Ellevate's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pax Ellevate is operating at the current time. Most of Pax Ellevate's value examination focuses on studying past and present price action to predict the probability of Pax Ellevate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pax Ellevate's price. Additionally, you may evaluate how the addition of Pax Ellevate to your portfolios can decrease your overall portfolio volatility.
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