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MGNDX
Mutual Fund ticker: NASDAQ
AS OF
Dec 20 closing price
Price
$49.30
Change
+$0.47 (+0.96%)
Net Assets
678.11M

MGNDX Praxis Growth Index A Forecast, Technical & Fundamental Analysis

Category LargeGrowth
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY), Tesla (NASDAQ:TSLA).

Industry description

The investment seeks capital appreciation. The fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S. large capitalization growth equities market, as measured by the S&P 500 Growth Index. Under normal circumstances, it invests at least 80 percent of the value of its assets in securities of, and investments related to, issuers in the fund's benchmark index. The fund seeks to invest in companies aligned with the Stewardship Investing core values.

Market Cap

The average market capitalization across the Praxis Growth Index A MF is 1.89T. The market cap for tickers in the group ranges from 559.85B to 3.3T. NVDA holds the highest valuation in this group at 3.3T. The lowest valued company is TSLA at 559.85B.

Volume

The average weekly volume growth across all stocks in the Praxis Growth Index A MF was 79%. For the same stocks of the MF, the average monthly volume growth was 117% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 80
P/E Growth Rating: 53
Price Growth Rating: 23
SMR Rating: 29
Profit Risk Rating: 12
Seasonality Score: -8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Praxis Mutual Funds303 Broadway, Suite 900Cincinnati
Phone
N/A
Web
www.praxismutualfunds.com
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MGNDX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, MGNDX has been closely correlated with VIGRX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGNDX jumps, then VIGRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGNDX
1D Price
Change %
MGNDX100%
+0.96%
VIGRX - MGNDX
99%
Closely correlated
+1.05%
VIGAX - MGNDX
99%
Closely correlated
+1.06%
VIGIX - MGNDX
99%
Closely correlated
+1.05%
GFACX - MGNDX
96%
Closely correlated
+0.91%
RGAFX - MGNDX
89%
Closely correlated
+0.90%
More