|PXHIX -- USA Fund|| |
USD 6.51 0.00 0.00%
The fund holds Beta of -0.1397 which implies as returns on market increase, returns on owning Pax High are expected to decrease at a much smaller rate. During bear market, Pax High is likely to outperform the market. Although it is extremely important to respect Pax High Yield
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing Pax High Yield technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
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. Inspite fairly strong basic indicators, Pax High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||6.19|
|Fifty Two Week High||6.67|
|Annual Report Expense Ratio||0.74%|
Pax High Yield Relative Risk vs. Return Landscape
If you would invest 651.00
in Pax High Yield Bond Institutional on June 20, 2019
and sell it today you would earn a total of 0.00
from holding Pax High Yield Bond Institutional or generate 0.0%
return on investment over 30
days. Pax High Yield Bond Institutional is currently producing negative expected returns and takes up 0.0% volatility of returns over 30 trading days. Put another way, 0% 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
July 20, 2019
Pax High is very steady
asset. Pax High Yield
holds recent Real Value
of $6.19 per share. The prevailing price of the fund is $6.51. At this time the fund appears to be overvalued
. 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 = 0.0
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
Additionally take a look at Your Equity Center
. Please also try Equity Analysis
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