Payden Limited Correlations

PYLSX Fund

USD 9.58 0.01 0.10%

The current 90-days correlation between Payden Limited Maturity and Deutsche Real Estate is 0.04 (i.e., Significant 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

Average diversification

The correlation between Payden Limited Maturity and DJI is 0.11 (i.e., Average 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payden Limited Maturity. 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 state.

Moving together with Payden Mutual Fund

0.9	PYAIX	Payden Absolute Return	Pair Corr
0.89	PYARX	Payden Absolute Return	Pair Corr
0.65	PYCHX	Payden Regal	Pair Corr
0.89	PYFIX	Payden Floating Rate	Pair Corr
0.88	PYFRX	Payden Floating Rate	Pair Corr
0.67	PYHRX	Payden High Income	Pair Corr
0.79	PYGSX	Payden Global Low	Pair Corr
0.99	PYLMX	Payden Limited Maturity	Pair Corr
0.89	PYLDX	Payden Rygel	Pair Corr
0.89	PYSBX	Payden Low Duration	Pair Corr
0.64	PYUSX	Payden Government	Pair Corr
0.89	PKCIX	Payden/kravitz Cash	Pair Corr
0.89	PKCRX	Payden/kravitz Cash	Pair Corr
0.89	PKBIX	Payden/kravitz Cash	Pair Corr
0.89	PKCBX	Payden/kravitz Cash	Pair Corr
0.91	PTSPX	Pimco Short Term	Pair Corr
0.91	PTSHX	Short Term Fund	Pair Corr
0.9	PSFAX	Short Term Fund	Pair Corr

Moving against Payden Mutual Fund

0.74	PYVAX	Payden Equity Income	Pair Corr
0.74	PYVLX	Payden Equity Income	Pair Corr
0.74	PYVSX	Payden Equity Income	Pair Corr

Related Correlations Analysis

	RRRZX	PREJX	PJEAX	VGSIX	NMMRF	IVRSX	TIREX
RRRZX		0.99	0.99	0.99	0.11	1.0	0.99	RRRZX
PREJX	0.99		0.98	0.98	0.14	0.99	0.98	PREJX
PJEAX	0.99	0.98		1.0	0.11	1.0	1.0	PJEAX
VGSIX	0.99	0.98	1.0		0.13	0.99	1.0	VGSIX
NMMRF	0.11	0.14	0.11	0.13		0.1	0.13	NMMRF
IVRSX	1.0	0.99	1.0	0.99	0.1		0.99	IVRSX
TIREX	0.99	0.98	1.0	1.0	0.13	0.99		TIREX
	RRRZX	PREJX	PJEAX	VGSIX	NMMRF	IVRSX	TIREX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RRRZX	0.78	(0.02)	(0.07)	1.61	(1.62)	5.26
PREJX	0.81	(0.01)	(0.04)	1.51	(1.89)	4.85
PJEAX	0.75	(0.02)	(0.06)	1.57	(1.53)	5.14
VGSIX	0.80	0.00	(0.03)	1.43	(1.60)	5.41
NMMRF	0.07	0.02	(0.88)	0.00	0.00	0.00
IVRSX	0.75	(0.02)	(0.06)	1.31	(1.57)	5.04
TIREX	0.76	(0.01)	(0.04)	1.49	(1.52)	4.93

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