Pax High Financial Statements From 2010 to 2024
| PAXHX Fund | USD 6.09 0.01 0.16% |
Check Pax High financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Pax High's main balance sheet or income statement drivers, such as , as well as many indicators such as . Pax financial statements analysis is a perfect complement when working with Pax High Valuation or Volatility modules.
Pax |
Pax High Yield Mutual Fund Price To Book Analysis
Pax High's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Pax High Price To Book | 0.99 X |
Most of Pax High's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pax High Yield is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Pax High Yield has a Price To Book of 0.99 times. This is much higher than that of the Impax Asset Management family and significantly higher than that of the High Yield Bond category. The price to book for all United States funds is notably lower than that of the firm.
Pax High Yield Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Pax High's current stock value. Our valuation model uses many indicators to compare Pax High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Pax High competition to find correlations between indicators driving Pax High's intrinsic value. More Info.Pax High Yield is rated top fund in price to book among similar funds. It also is rated top fund in price to sales among similar funds fabricating about 0.37 of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for Pax High Yield is roughly 2.68 . 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 High's earnings, one of the primary drivers of an investment's value.About Pax High Financial Statements
Pax High investors use historical fundamental indicators, such as Pax High's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Pax High. Please read more on our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its assets in high-yield, fixed income securities that are rated below BBB-by Standard Poors Ratings Group or below Baa3 by Moodys Investors Service, similarly rated by another major rating service, or unrated and determined by the funds investment adviser to be of comparable quality.
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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 High 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 High security.
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