The Payden Regal Fund Market Value
| PYCHX Fund | USD 6.36 0.01 0.16% |
| Symbol | Payden |
Payden Regal '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 Regal'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 Regal.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Payden Regal on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding The Payden Regal or generate 0.0% return on investment in Payden Regal over 60 days. Payden Regal is related to or competes with T Rowe, T Rowe, T Rowe, Jp Morgan, Transamerica Asset, and T Rowe. The fund invests in a wide variety of debt instruments and income-producing securities More
Payden Regal 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 Regal'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 The Payden Regal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2465 | |||
| Information Ratio | (0.72) | |||
| Maximum Drawdown | 0.9439 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.159 |
Payden Regal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Regal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Regal's standard deviation. In reality, there are many statistical measures that can use Payden Regal historical prices to predict the future Payden Regal's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | 0.0557 |
Payden Regal Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Regal maintains Sharpe Ratio (i.e., Efficiency) of 0.0976, which implies the entity had a 0.0976% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Regal, which you can use to evaluate the volatility of the fund. Please check Payden Regal's Coefficient Of Variation of 1057.51, semi deviation of 0.0561, and Market Risk Adjusted Performance of 0.0657 to confirm if the risk estimate we provide is consistent with the expected return of 0.0149%. The fund holds a Beta of 0.0804, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Regal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Regal is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
The Payden Regal has poor reverse predictability. Overlapping area represents the amount of predictability between Payden Regal time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Regal price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Payden Regal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Regal lagged returns against current returns
Autocorrelation, which is Payden Regal 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 Regal's mutual fund expected returns. We can calculate the autocorrelation of Payden Regal returns to help us make a trade decision. For example, suppose you find that Payden Regal 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 Regal 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 Regal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Regal 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 Regal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Regal Lagged Returns
When evaluating Payden Regal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Regal mutual fund have on its future price. Payden Regal 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 Regal autocorrelation shows the relationship between Payden Regal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Payden Regal.
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 Regal 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 Regal security.
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