Pax High Yield Fund Technical Analysis
| PXHIX Fund | USD 5.83 0.01 0.17% |
As of the 19th of April, Pax High holds the Coefficient Of Variation of (1,773), risk adjusted performance of (0.05), and Variance of 0.0506. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pax High, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Pax High Yield, which can be compared to its competitors. Please check Pax High Yield risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Pax High Yield is priced some-what accurately, providing market reflects its current price of 5.83 per share.
Pax High Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Pax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PaxPax |
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.
Pax High Yield Technical Analysis
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 Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Pax High Yield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Pax High Yield Trend Analysis
Use this graph to draw trend lines for Pax High Yield. You can use it to identify possible trend reversals for Pax High as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Pax High price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Pax High Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Pax High Yield applied against its price change over selected period. The best fit line has a slop of 0.0002 , which means Pax High Yield will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Pax High price change compared to its average price change.About Pax High Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Pax High Yield on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Pax High Yield based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Pax High Yield price pattern first instead of the macroeconomic environment surrounding Pax High Yield. By analyzing Pax High's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Pax High's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Pax High specific price patterns or momentum indicators. Please read more on our technical analysis page.
Pax High April 19, 2024 Technical Indicators
Most technical analysis of Pax help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Pax from various momentum indicators to cycle indicators. When you analyze Pax charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.10) | |||
| Mean Deviation | 0.1616 | |||
| Coefficient Of Variation | (1,773) | |||
| Standard Deviation | 0.225 | |||
| Variance | 0.0506 | |||
| Information Ratio | (0.36) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.3407 | |||
| Skewness | 0.0235 | |||
| Kurtosis | 0.9297 |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.