Payden Limited Correlations
PYLMX Fund | USD 9.54 0.01 0.10% |
The current 90-days correlation between Payden Limited Maturity and Intermediate Term Bond Fund is 0.4 (i.e., Very weak diversification). The correlation of Payden Limited 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 Limited Correlation With Market
Significant diversification
The correlation between Payden Limited Maturity and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Limited Maturity and DJI in the same portfolio, assuming nothing else is changed.
Payden |
Moving together with Payden Mutual Fund
0.77 | PYAYX | Payden Corporate Bond | PairCorr |
0.75 | PYBLX | Payden Floating Rate | PairCorr |
0.92 | PYABX | Payden Absolute Return | PairCorr |
0.79 | PYACX | Payden Porate Bond | PairCorr |
0.93 | PYARX | Payden Absolute Return | PairCorr |
0.89 | PYCEX | Payden Emerging Markets | PairCorr |
0.81 | PYCHX | Payden Regal | PairCorr |
0.83 | PYCBX | Payden E Bond | PairCorr |
0.9 | PYCIX | Payden Emerging Markets | PairCorr |
0.84 | PYCWX | Payden E Bond | PairCorr |
0.85 | PYCSX | Payden Core Bond | PairCorr |
0.71 | PYCRX | Payden California | PairCorr |
0.78 | PYCTX | Payden Rygel | PairCorr |
0.77 | PYFIX | Payden Floating Rate | PairCorr |
0.75 | PYFRX | Payden Floating Rate | PairCorr |
0.9 | PYEIX | Payden Emerging Markets | PairCorr |
0.82 | PYELX | Payden Emerging Markets | PairCorr |
0.89 | PYEMX | Payden Emerging Markets | PairCorr |
0.89 | PYEWX | Payden Emerging Markets | PairCorr |
0.8 | PYHRX | Payden High Income | PairCorr |
0.74 | PYGFX | Payden Global Fixed | PairCorr |
0.82 | PYGNX | Payden Gnma Fund | PairCorr |
0.78 | PYGIX | Payden Global Fixed | PairCorr |
0.91 | PYGSX | Payden Global Low | PairCorr |
0.84 | PYILX | Payden Rygel Investment | PairCorr |
0.92 | PYLSX | Payden Limited Maturity | PairCorr |
0.91 | PYLDX | Payden Rygel | PairCorr |
0.9 | PYSGX | Payden Strategic Income | PairCorr |
0.91 | PYSBX | Payden Low Duration | PairCorr |
0.89 | PYSIX | Payden Strategic Income | PairCorr |
0.89 | PYSLX | Payden Strategic Income | PairCorr |
0.79 | PYRLX | Payden High Income | PairCorr |
0.87 | PYUSX | Payden Government | PairCorr |
0.95 | PKCIX | Payden/kravitz Cash | PairCorr |
Moving against Payden Mutual Fund
0.47 | PYVAX | Payden Equity Income | PairCorr |
0.47 | PYVLX | Payden Equity Income | PairCorr |
0.47 | PYVSX | Payden Equity Income | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Payden Mutual Fund performing well and Payden Limited 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 Limited'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
UIITX | 0.23 | 0.01 | 0.16 | 0.51 | 0.21 | 0.55 | 1.45 | |||
ARTFX | 0.13 | 0.00 | 0.19 | (0.07) | 0.09 | 0.44 | 0.89 | |||
ABNTX | 0.16 | 0.03 | 0.26 | 6.03 | 0.00 | 0.30 | 0.99 | |||
PBNAX | 0.22 | 0.01 | 0.15 | 0.20 | 0.21 | 0.43 | 1.22 | |||
MSTBX | 0.11 | 0.02 | 0.32 | (0.74) | 0.00 | 0.21 | 0.62 | |||
SCCIX | 0.25 | 0.01 | 0.16 | (0.23) | 0.22 | 0.57 | 1.44 | |||
TTRBX | 0.16 | 0.01 | 0.22 | 1.13 | 0.10 | 0.40 | 0.82 | |||
CBOEX | 0.17 | 0.02 | 0.23 | 0.75 | 0.11 | 0.33 | 0.98 |