Praxis Value Index Fund Market Value
| MVIIX Fund | USD 17.48 0.02 0.11% |
| Symbol | Praxis |
Praxis Value 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Praxis Value's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Praxis Value.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Praxis Value on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Praxis Value Index or generate 0.0% return on investment in Praxis Value over 30 days. Praxis Value is related to or competes with Praxis Growth, Praxis Small, Praxis Small, Praxis International, Praxis International, Praxis Genesis, and Praxis Genesis. The fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S More
Praxis Value Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Praxis Value's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Praxis Value Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7109 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.8793 |
Praxis Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Value's standard deviation. In reality, there are many statistical measures that can use Praxis Value historical prices to predict the future Praxis Value's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0261 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Praxis Value's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Praxis Value Index Backtested Returns
We consider Praxis Value very steady. Praxis Value Index maintains Sharpe Ratio (i.e., Efficiency) of 0.0375, which implies the entity had a 0.0375% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Praxis Value Index, which you can use to evaluate the volatility of the fund. Please check Praxis Value's Coefficient Of Variation of 1787.25, semi deviation of 0.6716, and Risk Adjusted Performance of 0.0345 to confirm if the risk estimate we provide is consistent with the expected return of 0.0229%. The fund holds a Beta of 0.93, which implies possible diversification benefits within a given portfolio. Praxis Value returns are very sensitive to returns on the market. As the market goes up or down, Praxis Value is expected to follow.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Praxis Value Index has insignificant reverse predictability. Overlapping area represents the amount of predictability between Praxis Value time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Praxis Value Index price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Praxis Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Praxis Value Index lagged returns against current returns
Autocorrelation, which is Praxis Value mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Praxis Value's mutual fund expected returns. We can calculate the autocorrelation of Praxis Value returns to help us make a trade decision. For example, suppose you find that Praxis Value has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Praxis Value regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Praxis Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praxis Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Praxis Value Lagged Returns
When evaluating Praxis Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Value mutual fund have on its future price. Praxis Value autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Praxis Value autocorrelation shows the relationship between Praxis Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Praxis Value Index.
Regressed Prices |
| Timeline |
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