|Horizon||30 Days Login to change|
Pax High Market Sensitivity
Pax High Yield Technical Analysis
Pax High Projected Return Density Against MarketAssuming 30 trading days horizon, Pax High has beta of 0.0303 . This implies as returns on market go up, Pax High average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Pax High Yield Bond Institutional will be expected to be much smaller as well. Additionally, Pax High Yield Bond Institutional has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Pax High Return VolatilityPax High Yield Bond Institutional shows 0.2849% volatility of returns over 30 trading days. DOW inherits 1.1955% risk (volatility on return distribution) over the 30 days horizon.