Pax High Financials
| PXHIX Fund | USD 5.86 0.02 0.34% |
Pax |
Please note that past performance is not an indicator of the future performance of Pax High, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Pax High Fund Summary
Pax High competes with Pax Global, Pax Core, Pax Esg, and Pax Large. 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.Specialization | High Yield Bond, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7042238094 |
| Business Address | Pax World Funds |
| Mutual Fund Family | Pax World |
| Mutual Fund Category | High Yield Bond |
| Benchmark | NYSE Composite |
| Phone | 800 372 7827 |
| Currency | USD - US Dollar |
You should never invest in Pax High Yield without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Pax Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Pax High's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Pax High Key Financial Ratios
Generally speaking, Pax High's financial ratios allow both analysts and investors to convert raw data from Pax High's financial statements into concise, actionable information that can be used to evaluate the performance of Pax High over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Pax High Yield reports annually and quarterly.Pax Financial Ratios 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 regarded second largest fund in price to book among similar funds. It is regarded second largest 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 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Pax High by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Pax High's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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.Pax High Yield Systematic Risk
Pax High's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Pax High volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Pax High Yield correlated with the market. If Beta is less than 0 Pax High generally moves in the opposite direction as compared to the market. If Pax High Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Pax High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Pax High is generally in the same direction as the market. If Beta > 1 Pax High moves generally in the same direction as, but more than the movement of the benchmark.
Pax High April 16, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Pax High help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Pax High Yield. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pax High Yield based on widely used predictive technical indicators. In general, we focus on analyzing Pax Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pax High's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.304 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.3407 |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.