Payden E Bond Fund Market Value
| PYCBX Fund | USD 9.27 0.01 0.11% |
| Symbol | Payden |
Payden E '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 E'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 E.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Payden E on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Payden E Bond or generate 0.0% return on investment in Payden E over 510 days. Payden E is related to or competes with Morningstar Aggressive, Needham Aggressive, Metropolitan West, Lgm Risk, and Artisan High. Under normal markets conditions, the fund invests at least 80 percent of its total assets in a wide variety of debt inst... More
Payden E 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 E'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 E Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4246 |
Payden E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden E's standard deviation. In reality, there are many statistical measures that can use Payden E historical prices to predict the future Payden E's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (2.67) |
Payden E Bond Backtested Returns
Payden E Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.0917, which implies the entity had a -0.0917% return per unit of risk over the last 3 months. Payden E Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden E's Risk Adjusted Performance of (0.08), variance of 0.0821, and Coefficient Of Variation of (1,198) to confirm the risk estimate we provide. The fund holds a Beta of 0.0127, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden E is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Payden E Bond has good predictability. Overlapping area represents the amount of predictability between Payden E time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 2024. 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 E Bond price movement. The serial correlation of 0.68 indicates that around 68.0% of current Payden E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Payden E Bond lagged returns against current returns
Autocorrelation, which is Payden E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Payden E returns to help us make a trade decision. For example, suppose you find that Payden E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden E Lagged Returns
When evaluating Payden E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden E mutual fund have on its future price. Payden E 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 E autocorrelation shows the relationship between Payden E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden E 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 E 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 E security.
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