Payden Porate Bond Fund Market Value
| PYACX Fund | USD 9.86 0.03 0.31% |
| Symbol | PAYDEN |
Payden Corporate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Payden Corporate's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Payden Corporate.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Payden Corporate on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Payden Porate Bond or generate 0.0% return on investment in Payden Corporate over 720 days. Payden Corporate is related to or competes with Fidelity Managed, Blackrock Moderate, Great-west Moderately, Tiaa-cref Lifestyle, Transamerica Cleartrack, Blackrock Retirement, and Vanguard Target. The fund invests in a wide variety of debt instruments and income-producing securities More
Payden Corporate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Payden Corporate's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Payden Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3403 | |||
| Information Ratio | 0.1228 | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.6116 |
Payden Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Corporate's standard deviation. In reality, there are many statistical measures that can use Payden Corporate historical prices to predict the future Payden Corporate's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | 0.031 | |||
| Sortino Ratio | 0.1266 | |||
| Treynor Ratio | 0.1962 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Corporate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Payden Porate Bond Backtested Returns
At this stage we consider PAYDEN Mutual Fund to be very steady. Payden Porate Bond maintains Sharpe Ratio (i.e., Efficiency) of 0.0166, which implies the entity had a 0.0166 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden Porate Bond, which you can use to evaluate the volatility of the fund. Please check Payden Corporate's Coefficient Of Variation of 1165.56, risk adjusted performance of 0.0522, and Semi Deviation of 0.247 to confirm if the risk estimate we provide is consistent with the expected return of 0.0055%. The fund holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Corporate is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Payden Porate Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between Payden Corporate time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Payden Porate Bond price movement. The serial correlation of -0.03 indicates that only 3.0% of current Payden Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Payden Porate Bond lagged returns against current returns
Autocorrelation, which is Payden Corporate mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Payden Corporate's mutual fund expected returns. We can calculate the autocorrelation of Payden Corporate returns to help us make a trade decision. For example, suppose you find that Payden Corporate has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Payden Corporate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Payden Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Corporate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payden Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Corporate Lagged Returns
When evaluating Payden Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Corporate mutual fund have on its future price. Payden Corporate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Payden Corporate autocorrelation shows the relationship between Payden Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Porate Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PAYDEN Mutual Fund
Payden Corporate 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 Corporate security.
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