Pax Small Cap Fund Manager Performance Evaluation

PXSCX Fund  USD 16.86  0.01  0.06%   
The fund holds a Beta of 1.18, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pax Small will likely underperform.

Risk-Adjusted Performance

6 of 100

 
Weak
 
Strong
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Pax Small Cap are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Pax Small is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Hedge Funds Buying Protection With Defensive Stocks, Goldman Says - Yahoo Finance
05/02/2024
Expense Ratio Date1st of May 2023
Expense Ratio1.1600
  

Pax Small Relative Risk vs. Return Landscape

If you would invest  1,618  in Pax Small Cap on February 17, 2024 and sell it today you would earn a total of  68.00  from holding Pax Small Cap or generate 4.2% return on investment over 90 days. Pax Small Cap is currently producing 0.0695% returns and takes up 0.7838% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Pax, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Pax Small is expected to generate 1.3 times less return on investment than the market. In addition to that, the company is 1.34 times more volatile than its market benchmark. It trades about 0.09 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.15 per unit of volatility.

Pax Small Current Valuation

Fairly Valued
Today
16.86
Please note that Pax Small's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Pax Small Cap holds a recent Real Value of $16.73 per share. The prevailing price of the fund is $16.86. We determine the value of Pax Small Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Pax Small Cap is useful when determining the fair value of the Pax mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Pax Small. Since Pax Small is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Pax Mutual Fund. However, Pax Small's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  16.86 Real  16.73 Hype  16.86 Naive  17.12
The real value of Pax Mutual Fund, also known as its intrinsic value, is the underlying worth of Pax Small Cap Mutual Fund, which is reflected in its stock price. It is based on Pax Small's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Pax Small's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Pax Small's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
16.73
Real Value
17.51
Upside
Estimating the potential upside or downside of Pax Small Cap helps investors to forecast how Pax mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Pax Small more accurately as focusing exclusively on Pax Small's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.7716.4017.03
Details
Hype
Prediction
LowEstimatedHigh
16.0816.8617.64
Details
Naive
Forecast
LowNext ValueHigh
16.3317.1217.90
Details

Pax Small Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pax Small's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Pax Small Cap, and traders can use it to determine the average amount a Pax Small's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0886

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Estimated Market Risk

 0.78
  actual daily
6
94% of assets are more volatile

Expected Return

 0.07
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
6
94% of assets perform better
Based on monthly moving average Pax Small is performing at about 6% 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 Small by adding it to a well-diversified portfolio.

Pax Small Fundamentals Growth

Pax Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Pax Small, and Pax Small fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Pax Mutual Fund performance.

About Pax Small Performance

To evaluate Pax Small Cap Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Pax Small generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Pax Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Pax Small Cap market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Pax's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in equity securities of companies that, when purchased, have capitalizations within the range of the Russell 2000 Index as measured by market capitalization. The fund may invest up to 45 percent of its assets in securities of non-U.S. issuers. It may invest no more than 25 percent of its assets in securities of non-U.S. issuers other than ADRs.

Things to note about Pax Small Cap performance evaluation

Checking the ongoing alerts about Pax Small for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Pax Small Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Hedge Funds Buying Protection With Defensive Stocks, Goldman Says - Yahoo Finance
The fund generated three year return of -1.0%
Pax Small Cap maintains 95.75% of its assets in stocks
Evaluating Pax Small's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Pax Small's mutual fund performance include:
  • Analyzing Pax Small's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Pax Small's stock is overvalued or undervalued compared to its peers.
  • Examining Pax Small's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Pax Small's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pax Small's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Pax Small's mutual fund. These opinions can provide insight into Pax Small's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Pax Small's mutual fund performance is not an exact science, and many factors can impact Pax Small's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pax Small Cap. 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 main economic indicators.
Note that the Pax Small Cap information on this page should be used as a complementary analysis to other Pax Small's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Pax Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pax Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pax Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.