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 LandscapeIf 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 (%)
Pax High Current Valuation
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
Pax High Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceOver the last 30 days Pax High Yield Bond Institutional has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||6.35|
|Fifty Two Week High||6.80|
|Annual Report Expense Ratio||0.74%|