Payden Emerging Markets Fund Price on March 21, 2024
| PYCIX Fund | USD 8.86 0.01 0.11% |
Below is the normalized historical share price chart for Payden Emerging Markets extending back to November 11, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Payden Emerging stands at 8.86, as last reported on the 11th of December 2024, with the highest price reaching 8.86 and the lowest price hitting 8.86 during the day.
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Payden Mutual Fund to be very steady. Payden Emerging Markets maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Payden Emerging Markets, which you can use to evaluate the volatility of the fund. Please check Payden Emerging's Standard Deviation of 0.1162, risk adjusted performance of 0.1091, and Downside Deviation of 0.1378 to confirm if the risk estimate we provide is consistent with the expected return of 0.0272%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.2321
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| Negative Returns | PYCIX |
Estimated Market Risk
| 0.12 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Payden Emerging is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Emerging by adding it to a well-diversified portfolio.
Payden Emerging Valuation on March 21, 2024
It is possible to determine the worth of Payden Emerging on a given historical date. On March 21, 2024 Payden was worth 8.29 at the beginning of the trading date compared to the closed value of 8.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Emerging mutual fund. Still, in general, we apply an absolute valuation method to find Payden Emerging's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Payden Emerging where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Emerging's related companies.
| Open | High | Low | Close | Volume | |
| 8.27 | 8.27 | 8.27 | 8.27 | 1.00 | |
03/21/2024 | 8.29 | 8.29 | 8.29 | 8.29 | 1.00 |
| 8.30 | 8.30 | 8.30 | 8.30 | 1.00 |
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Payden Emerging Trading Date Momentum on March 21, 2024
| On March 22 2024 Payden Emerging Markets was traded for 8.30 at the closing time. The highest daily price throughout the period was 8.30 and the lowest price was 8.30 . There was no trading activity during the period 1.0. Lack of trading volume on 03/22/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.12% . The trading delta at closing time to current closing price is 0.00% . |
Payden Emerging Markets Fundamentals Correlations and Trends
By evaluating Payden Emerging's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Payden Emerging's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Payden financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Payden Emerging Mutual Fund history
Payden Emerging investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Payden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Payden Emerging Markets will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Payden Emerging stock prices may prove useful in developing a viable investing in Payden Emerging
Under normal market conditions, the fund invests at least 80 percent of its total assets in corporate bonds issued by corporate issuers organized or headquartered in emerging market countries, or whose business operations are principally located in emerging markets countries. Generally, an emerging market country is any country which the International Monetary Fund, the World Bank, the International Finance Corporation, the United Nations or another third party organization defines as having an emerging or developing economy.
Payden Emerging Mutual Fund Technical Analysis
Payden Emerging technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Payden Emerging Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Payden Emerging Markets cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Payden Emerging December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Emerging mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Payden Emerging shares will generate the highest return on investment. By undertsting and applying Payden Emerging mutual fund market strength indicators, traders can identify Payden Emerging Markets entry and exit signals to maximize returns
Payden Emerging Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Emerging's price direction in advance. Along with the technical and fundamental analysis of Payden Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Payden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | 2.8 |
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Other Information on Investing in Payden Mutual Fund
Payden Emerging 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 Emerging security.
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