Pax Balanced Fund Market Value
| PAXWX Fund | USD 27.04 0.12 0.45% |
| Symbol | Pax |
Pax Balanced '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 Balanced'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 Balanced.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pax Balanced on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pax Balanced Fund or generate 0.0% return on investment in Pax Balanced over 30 days. Pax Balanced is related to or competes with Pax Esg, Pax High, Domini Impact, Neuberger Berman, and Portfolio. The adviser normally expects to invest approximately 50-75 percent of its assets in equity securities and 25-50 percent ... More
Pax Balanced 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 Balanced'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 Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5213 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.21 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.6818 |
Pax Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pax Balanced's standard deviation. In reality, there are many statistical measures that can use Pax Balanced historical prices to predict the future Pax Balanced's volatility.| Risk Adjusted Performance | 0.0481 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.0498 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pax Balanced's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pax Balanced Backtested Returns
At this stage we consider Pax Mutual Fund to be very steady. Pax Balanced maintains Sharpe Ratio (i.e., Efficiency) of 0.0945, which implies the entity had a 0.0945% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pax Balanced, which you can use to evaluate the volatility of the fund. Please check Pax Balanced's Semi Deviation of 0.4584, risk adjusted performance of 0.0481, and Coefficient Of Variation of 1403.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.0426%. The fund holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pax Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pax Balanced is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Pax Balanced Fund has modest predictability. Overlapping area represents the amount of predictability between Pax Balanced 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 Balanced price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Pax Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Pax Balanced lagged returns against current returns
Autocorrelation, which is Pax Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Pax Balanced returns to help us make a trade decision. For example, suppose you find that Pax Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pax Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pax Balanced Lagged Returns
When evaluating Pax Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pax Balanced mutual fund have on its future price. Pax Balanced 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 Balanced autocorrelation shows the relationship between Pax Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pax Balanced Fund.
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 Balanced 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 Balanced security.
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