Payden Equity Income Fund Buy Hold or Sell Recommendation

PYVAX Fund  USD 19.81  0.02  0.10%   
Assuming the 90 days horizon and your below-average risk tolerance, our recommendation regarding Payden Equity Income is 'Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Payden Equity Income given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Payden Equity Income, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Payden Equity Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Payden and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Payden Equity Income. 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 nation.

Execute Payden Equity Buy or Sell Advice

The Payden recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Payden Equity Income. Macroaxis does not own or have any residual interests in Payden Equity Income or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Payden Equity's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Payden EquityBuy Payden Equity
Hold

Market Performance

SolidDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Payden Equity Income has a Risk Adjusted Performance of 0.123, Jensen Alpha of (0.01), Total Risk Alpha of (0.02), Sortino Ratio of (0.08) and Treynor Ratio of 0.1264
Our trade recommendations tool can cross-verify current analyst consensus on Payden Equity Income and to analyze the entity potential to grow in the current economic cycle. Use Payden Equity Income price to earning, year to date return, as well as the relationship between the Year To Date Return and last dividend paid to ensure your buy or sell decision on Payden Equity Income is adequate.

Payden Equity Trading Alerts and Improvement Suggestions

The fund maintains 94.53% of its assets in stocks

Payden Equity Returns Distribution Density

The distribution of Payden Equity's historical returns is an attempt to chart the uncertainty of Payden Equity's future price movements. The chart of the probability distribution of Payden Equity daily returns describes the distribution of returns around its average expected value. We use Payden Equity Income price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Payden Equity returns is essential to provide solid investment advice for Payden Equity.
Mean Return
0.10
Value At Risk
-0.87
Potential Upside
1.07
Standard Deviation
0.61
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Payden Equity historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Payden Equity Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Payden Equity or Paydenfunds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Payden Equity's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Payden fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.0076
β
Beta against Dow Jones0.74
σ
Overall volatility
0.59
Ir
Information ratio -0.07

Payden Equity Volatility Alert

Payden Equity Income exhibits very low volatility with skewness of 0.36 and kurtosis of 0.59. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Payden Equity's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Payden Equity's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Payden Equity Fundamentals Vs Peers

Comparing Payden Equity's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Payden Equity's direct or indirect competition across all of the common fundamentals between Payden Equity and the related equities. This way, we can detect undervalued stocks with similar characteristics as Payden Equity or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Payden Equity's fundamental indicators could also be used in its relative valuation, which is a method of valuing Payden Equity by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Payden Equity to competition
FundamentalsPayden EquityPeer Average
Price To Earning17.78 X6.53 X
Price To Book2.87 X0.74 X
Price To Sales2.23 X0.61 X
Annual Yield0.01 %0.29 %
Year To Date Return23.09 %0.39 %
One Year Return30.34 %4.15 %
Three Year Return7.76 %3.60 %
Five Year Return8.87 %3.24 %
Ten Year Return10.89 %1.79 %
Net Asset1.27 B4.11 B
Last Dividend Paid0.090.65
Cash Position Weight4.23 %10.61 %
Equity Positions Weight94.53 %63.90 %

Payden Equity Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Payden . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Payden Equity Buy or Sell Advice

When is the right time to buy or sell Payden Equity Income? Buying financial instruments such as Payden Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Payden Equity in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Cannabis Thematic Idea Now

Cannabis
Cannabis Theme
Equities that are involved in production and delivery of legal cannabis. This theme is designed for investors that are willing to accept higher levels of market risk inherited by cannabis production and distribution globally. The Cannabis theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cannabis Theme or any other thematic opportunities.
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Other Information on Investing in Payden Mutual Fund

Payden Equity 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 Equity security.
Piotroski F Score
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Portfolio Comparator
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