Payden Regal Correlations

Mutual Funds . USA . 
Fund . The Payden Regal
PYCHX Fund  USD 6.30  0.01  0.16%   
The current 90-days correlation between Payden Regal and Dodge Cox Emerging is 0.01 (i.e., Significant diversification). The correlation of Payden Regal 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.

Payden Regal Correlation With Market

Good diversification

The correlation between The Payden Regal and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Payden Regal 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 The Payden Regal. 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 rate.

Moving together with Payden Mutual Fund

  0.77PYAYX Payden Corporate BondPairCorr
  0.91PYBLX Payden Floating RatePairCorr
  0.74PYABX Payden Absolute ReturnPairCorr
  0.78PYACX Payden Porate BondPairCorr
  0.76PYAIX Payden Absolute ReturnPairCorr
  0.74PYARX Payden Absolute ReturnPairCorr
  0.85PYCEX Payden Emerging MarketsPairCorr
  0.75PYCBX Payden E BondPairCorr
  0.85PYCIX Payden Emerging MarketsPairCorr
  0.63PYCLX Payden CaliforniaPairCorr
  0.77PYCWX Payden E BondPairCorr
  0.77PYCSX Payden Core BondPairCorr
  0.71PYCRX Payden CaliforniaPairCorr
  0.77PYCTX Payden RygelPairCorr
  0.85PYFIX Payden Floating RatePairCorr
  0.89PYFRX Payden Floating RatePairCorr
  0.91PYEIX Payden Emerging MarketsPairCorr
  0.75PYELX Payden Emerging MarketsPairCorr
  0.91PYEMX Payden Emerging MarketsPairCorr
  0.91PYEWX Payden Emerging MarketsPairCorr
  0.96PYHRX Payden High IncomePairCorr
  0.81PYGFX Payden Global FixedPairCorr
  0.71PYGNX Payden Gnma FundPairCorr
  0.84PYGIX Payden Global FixedPairCorr
  0.74PYGSX Payden Global LowPairCorr
  0.74PYILX Payden Rygel InvestmentPairCorr
  0.78PYLMX Payden Limited MaturityPairCorr
  0.65PYLSX Payden Limited MaturityPairCorr
  0.67PYLDX Payden RygelPairCorr
  0.84PYSGX Payden Strategic IncomePairCorr
  0.67PYSBX Payden Low DurationPairCorr
  0.85PYSIX Payden Strategic IncomePairCorr
  0.99PYRLX Payden High IncomePairCorr
  0.64PYUSX Payden GovernmentPairCorr
  0.79PKCIX Paydenkravitz CashPairCorr
  0.8PKCRX Paydenkravitz CashPairCorr

Moving against Payden Mutual Fund

  0.87TCTGX Transamerica CleartrackPairCorr
  0.87TDKTX Cleartrack 2015 ClassPairCorr
  0.87TCTJX Transamerica CleartrackPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Regal 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 Payden Regal'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY