Payden Absolute Financials

PYARX Fund  USD 9.47  0.01  0.11%   
You can use Payden Absolute Return fundamental data analysis to find out if markets are presently mispricing the entity. We were able to interpolate data for fourteen available financial ratios for Payden Absolute Return, which can be compared to its competitors. The fund experiences a normal upward fluctuation. Check odds of Payden Absolute to be traded at $9.94 in 90 days.
  
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.

Payden Absolute Fund Summary

Payden Absolute competes with Payden Corporate, Payden Absolute, Payden Emerging, Payden Core, and Payden California. Under normal market conditions, the fund will invest at least 80 percent of its investable assets in bonds or investments that provide exposure to bonds. The funds absolute return strategy seeks to have positive absolute returns over the long term, regardless of different market environments. To achieve this goal, the fund seeks to provide total return, whether through price appreciation, or income, or a combination of both.
Specialization
Nontraditional Bond, Large
InstrumentUSA Mutual Fund View All
ExchangeNMFQS Exchange
Business AddressPAYDEN RYGEL Investment
Mutual Fund FamilyPaydenfunds
Mutual Fund CategoryNontraditional Bond
BenchmarkDow Jones Industrial
Phone800 572 9336
CurrencyUSD - US Dollar

Payden Absolute Key Financial Ratios

Payden Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Payden Absolute's current stock value. Our valuation model uses many indicators to compare Payden Absolute value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Payden Absolute competition to find correlations between indicators driving Payden Absolute's intrinsic value. More Info.
Payden Absolute Return is rated top fund in annual yield among similar funds. It also is rated top fund in year to date return among similar funds creating about  1.06  of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Payden Absolute's earnings, one of the primary drivers of an investment's value.

Payden Absolute Return Systematic Risk

Payden Absolute's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Payden Absolute volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Payden Absolute Return correlated with the market. If Beta is less than 0 Payden Absolute generally moves in the opposite direction as compared to the market. If Payden Absolute Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Payden Absolute Return is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Payden Absolute is generally in the same direction as the market. If Beta > 1 Payden Absolute moves generally in the same direction as, but more than the movement of the benchmark.
Payden Absolute Return is rated top fund in net asset among similar funds. Total Asset Under Management (AUM) of Nontraditional Bond category is currently estimated at about 3.81 Billion. Payden Absolute retains roughly 699.52 Million in net asset claiming about 18% of funds under Nontraditional Bond category.

Payden Absolute December 4, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Payden Absolute help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Payden Absolute Return. We use our internally-developed statistical techniques to arrive at the intrinsic value of Payden Absolute Return based on widely used predictive technical indicators. In general, we focus on analyzing Payden Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Payden Absolute's daily price indicators and compare them against related drivers.

Other Information on Investing in Payden Mutual Fund

Payden Absolute financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Absolute security.
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