Praxis Genesis Servative Fund Market Value
| MCONX Fund | USD 12.25 0.03 0.24% |
| Symbol | Praxis |
Praxis Genesis '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 Genesis' 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 Genesis.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Praxis Genesis on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Praxis Genesis Servative or generate 0.0% return on investment in Praxis Genesis over 390 days. Praxis Genesis is related to or competes with Praxis Growth, Praxis Small, Praxis Small, Praxis International, Praxis International, Praxis Genesis, and Praxis Genesis. The Portfolio, a fund of funds, seeks to achieve its investment objective by investing primarily in Class I shares of un... More
Praxis Genesis 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 Genesis' 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 Genesis Servative upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.4858 |
Praxis Genesis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Genesis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Genesis' standard deviation. In reality, there are many statistical measures that can use Praxis Genesis historical prices to predict the future Praxis Genesis' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.06) |
Praxis Genesis Servative Backtested Returns
Praxis Genesis Servative maintains Sharpe Ratio (i.e., Efficiency) of -0.0608, which implies the entity had a -0.0608% return per unit of risk over the last 3 months. Praxis Genesis Servative exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Praxis Genesis' Variance of 0.0814, coefficient of variation of (13,817), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Praxis Genesis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Genesis is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Praxis Genesis Servative has good predictability. Overlapping area represents the amount of predictability between Praxis Genesis time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Praxis Genesis Servative price movement. The serial correlation of 0.77 indicates that around 77.0% of current Praxis Genesis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Praxis Genesis Servative lagged returns against current returns
Autocorrelation, which is Praxis Genesis 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 Genesis' mutual fund expected returns. We can calculate the autocorrelation of Praxis Genesis returns to help us make a trade decision. For example, suppose you find that Praxis Genesis 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 Genesis 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 Genesis mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Genesis 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 Genesis mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Genesis Lagged Returns
When evaluating Praxis Genesis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Genesis mutual fund have on its future price. Praxis Genesis 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 Genesis autocorrelation shows the relationship between Praxis Genesis mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Genesis Servative.
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 Genesis 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 Genesis security.
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