Pax High Manager Performance Evaluation

PXHIX -- USA Fund  

USD 6.38  0.00  0.00%

The fund holds Beta of 0.0091 which implies as returns on market increase, Pax High returns are expected to increase less than the market. However during bear market, the loss on holding Pax High will be expected to be smaller as well. Even though it is essential to pay attention to Pax High Yield current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Pax High Yield exposes twenty-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Pax High Yield Relative Risk vs. Return Landscape

If you would invest  639.00  in Pax High Yield Bond Institutional on December 21, 2018 and sell it today you would lose (1.00)  from holding Pax High Yield Bond Institutional or give up 0.16% of portfolio value over 30 days. Pax High Yield Bond Institutional is currently producing negative expected returns and takes up 0.1959% volatility of returns over 30 trading days. Put another way, 1% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Pax High is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 10.08 times less risky than the market. the firm trades about -0.1 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 of returns per unit of risk over similar time horizon.

Pax High Current Valuation

Not valued
January 20, 2019
6.38
Market Value
0.00
Real Value
Target Odds
Odds Odds
0.00
Upside
Pax High is Unknown risk asset. Pax High Yield recent Real Value cannot be determined due to lack of data. The prevailing price of Pax High Yield is $6.38. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Pax High Yield from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.

Pax High Market Risk Analysis

Sharpe Ratio = -0.0991
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Pax High Relative Performance Indicators

Estimated Market Risk
 0.2
  actual daily
 
 1 %
of total potential
 
1
Expected Return
 -0.02
  actual daily
 
 0 %
of total potential
 
0
Risk-Adjusted Return
 -0.1
  actual daily
 
 0 %
of total potential
 
0
Based on monthly moving average Pax High is performing at about 0% of its full potential. 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 it to a well-diversified portfolio.

Pax High Performance Rating

Pax High Yield Bond Institutional Risk Adjusted Performance Analysis

0

Risk-Adjusted Fund Performance

Over the last 30 days Pax High Yield Bond Institutional has generated negative risk-adjusted returns adding no value to fund investors.

Pax High Alerts

Equity Alerts and Improvement Suggestions

Pax High Yield is not yet fully synchronised with the market data
Pax High Yield generates negative expected return over the last 30 days
The fund maintains about 96.39% of its assets in bonds

Pax High Performance Indicators

Pax High Yield Basic Price Performance Measures

Fifty Two Week Low6.35
Fifty Two Week High6.80
Annual Report Expense Ratio0.74%
Additionally take a look at Your Equity Center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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