Pax High Yield Fund Price on May 31, 2018
| PXHIX Fund | USD 5.87 0.02 0.34% |
If you're considering investing in Pax Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Pax High stands at 5.87, as last reported on the 24th of April, with the highest price reaching 5.87 and the lowest price hitting 5.87 during the day. Pax High Yield maintains Sharpe Ratio (i.e., Efficiency) of -0.0108, which implies the entity had a -0.0108% return per unit of risk over the last 3 months. Pax High Yield exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pax High's Coefficient Of Variation of (9,262), risk adjusted performance of (0.02), and Variance of 0.0514 to confirm the risk estimate we provide.
Pax Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Pax |
Sharpe Ratio = -0.0108
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| Negative Returns | PXHIX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pax High 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 Pax High by adding Pax High to a well-diversified portfolio.
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.
About Pax High Mutual Fund history
Pax High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Pax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pax High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Pax High stock prices may prove useful in developing a viable investing in Pax High
The investment seeks high current income as a secondary investment objective, it seeks capital appreciation. PAX High is traded on NASDAQ Exchange in the United States.
Pax High Mutual Fund Technical Analysis
Pax High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Pax High Period Price Range
Pax High April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Pax High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pax High shares will generate the highest return on investment. By undertsting and applying Pax High mutual fund market strength indicators, traders can identify Pax High Yield entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.87 | |||
| Day Typical Price | 5.87 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 |
Pax High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pax High's price direction in advance. Along with the technical and fundamental analysis of Pax Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Pax to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.17) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pax High Yield. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.