Paydenkravitz Cash Correlations

PKCRX Fund

USD 9.62 0.01 0.10%

The current 90-days correlation between Paydenkravitz Cash and Federated Hermes Inflation is -0.24 (i.e., Very good diversification). The correlation of Paydenkravitz Cash is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Paydenkravitz Cash Correlation With Market

Good diversification

The correlation between Paydenkravitz Cash Balance and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paydenkravitz Cash Balance and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paydenkravitz Cash Balance. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Paydenkravitz Mutual Fund

0.64	PYCIX	Payden Emerging Markets	Pair Corr
0.93	PYFIX	Payden Floating Rate	Pair Corr
0.94	PYFRX	Payden Floating Rate	Pair Corr
0.61	PYHRX	Payden High Income	Pair Corr
0.91	PYLMX	Payden Limited Maturity	Pair Corr
0.91	PYLSX	Payden Limited Maturity	Pair Corr
0.87	PYVAX	Payden Equity Income	Pair Corr
0.87	PYVLX	Payden Equity Income	Pair Corr
0.89	PYVSX	Payden Equity Income	Pair Corr
0.99	PKCBX	Paydenkravitz Cash	Pair Corr
0.67	ASG	Liberty All Star	Pair Corr
0.61	CII	Blackrock Enhanced	Pair Corr

Moving against Paydenkravitz Mutual Fund

0.78	PYCWX	Payden E Bond	Pair Corr
0.77	PYCBX	Payden E Bond	Pair Corr
0.77	PYCSX	Payden Core Bond	Pair Corr
0.77	PYELX	Payden Emerging Markets	Pair Corr
0.77	PYGNX	Payden Gnma Fund	Pair Corr
0.74	PYILX	Payden Rygel Investment	Pair Corr
0.65	PYACX	Payden Porate Bond	Pair Corr
0.39	PYGFX	Payden Global Fixed	Pair Corr
0.64	PYUSX	Payden Government	Pair Corr
0.52	PYSIX	Payden Strategic Income	Pair Corr
0.51	PONCX	Pimco Income	Pair Corr
0.48	PYLDX	Payden Rygel	Pair Corr
0.48	PYSBX	Payden Low Duration	Pair Corr
0.48	PONAX	Pimco Income	Pair Corr
0.48	PONRX	Pimco Income	Pair Corr
0.46	PONPX	Pimco Incme Fund	Pair Corr
0.45	PIPNX	Pimco Income	Pair Corr
0.45	PIINX	Pimco Income	Pair Corr
0.44	PIMIX	Pimco Income	Pair Corr
0.34	PYSGX	Payden Strategic Income	Pair Corr
0.41	IIF	Morgan Stanley India	Pair Corr
0.31	VEMBX	Vanguard Emerging Markets	Pair Corr

Related Correlations Analysis

	FIPRX	ABNTX	ABNCX	LIFAX	TIPSX	BPRIX	QMHIX	MFTFX
FIPRX		0.93	0.94	0.49	1.0	0.99	0.12	0.59	FIPRX
ABNTX	0.93		0.99	0.52	0.93	0.92	0.1	0.59	ABNTX
ABNCX	0.94	0.99		0.51	0.94	0.92	0.12	0.61	ABNCX
LIFAX	0.49	0.52	0.51		0.48	0.51	0.13	0.21	LIFAX
TIPSX	1.0	0.93	0.94	0.48		0.99	0.11	0.59	TIPSX
BPRIX	0.99	0.92	0.92	0.51	0.99		0.08	0.55	BPRIX
QMHIX	0.12	0.1	0.12	0.13	0.11	0.08		0.66	QMHIX
MFTFX	0.59	0.59	0.61	0.21	0.59	0.55	0.66		MFTFX
	FIPRX	ABNTX	ABNCX	LIFAX	TIPSX	BPRIX	QMHIX	MFTFX

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Risk-Adjusted Indicators

There is a big difference between Paydenkravitz Mutual Fund performing well and Paydenkravitz Cash Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Paydenkravitz Cash's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIPRX	0.23	(0.03)	0.00	(0.75)	0.00	0.00	0.40	(0.51)	1.20
ABNTX	0.14	(0.02)	0.00	(0.77)	0.00	0.00	0.29	(0.30)	0.88
ABNCX	0.14	(0.02)	0.00	(0.55)	0.00	0.00	0.20	(0.30)	0.89
LIFAX	0.12	(0.01)	(0.58)	0.02	0.11	(0.16)	0.26	(0.26)	0.77
TIPSX	0.20	(0.03)	0.00	(0.91)	0.00	0.00	0.31	(0.52)	1.14
BPRIX	0.22	(0.03)	0.00	(0.69)	0.00	0.00	0.41	(0.51)	1.12
QMHIX	0.62	0.05	(0.07)	1.26	0.78	(0.63)	1.25	(1.11)	3.83
MFTFX	0.98	(0.07)	(0.06)	0.03	1.37	(0.90)	1.70	(1.95)	5.42

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