Payden Emerging Markets Fund Market Value

PYELX Fund  USD 4.66  0.01  0.22%   
Payden Emerging's market value is the price at which a share of Payden Emerging trades on a public exchange. It measures the collective expectations of Payden Emerging Markets investors about its performance. Payden Emerging is trading at 4.66 as of the 12th of December 2024; that is 0.22% up since the beginning of the trading day. The fund's open price was 4.65.
With this module, you can estimate the performance of a buy and hold strategy of Payden Emerging Markets and determine expected loss or profit from investing in Payden Emerging over a given investment horizon. Check out Payden Emerging Correlation, Payden Emerging Volatility and Payden Emerging Alpha and Beta module to complement your research on Payden Emerging.
Symbol

Please note, there is a significant difference between Payden Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Payden Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Payden Emerging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Payden Emerging '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 Emerging'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 Emerging.
0.00
12/23/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/12/2024
0.00
If you would invest  0.00  in Payden Emerging on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Payden Emerging Markets or generate 0.0% return on investment in Payden Emerging over 720 days. Payden Emerging is related to or competes with Arrow Managed, Aam Select, Rbb Fund, Scharf Global, Iaadx, and Rbc Microcap. The fund invests at least 80 percent of its total assets in a wide variety of Bonds More

Payden Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.

Payden Emerging Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Emerging's standard deviation. In reality, there are many statistical measures that can use Payden Emerging historical prices to predict the future Payden Emerging's volatility.
Hype
Prediction
LowEstimatedHigh
4.254.665.07
Details
Intrinsic
Valuation
LowRealHigh
4.195.115.52
Details
Naive
Forecast
LowNextHigh
4.284.695.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.604.644.67
Details

Payden Emerging Markets Backtested Returns

Payden Emerging Markets maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the entity had a -0.15% return per unit of risk over the last 3 months. Payden Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Emerging's Coefficient Of Variation of (1,205), risk adjusted performance of (0.07), and Variance of 0.1728 to confirm the risk estimate we provide. The fund holds a Beta of -0.0047, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Emerging are expected to decrease at a much lower rate. During the bear market, Payden Emerging is likely to outperform the market.

Auto-correlation

    
  -0.43  

Modest reverse predictability

Payden Emerging Markets has modest reverse predictability. Overlapping area represents the amount of predictability between Payden Emerging time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Emerging Markets price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Payden Emerging price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test0.28
Residual Average0.0
Price Variance0.01

Payden Emerging Markets lagged returns against current returns

Autocorrelation, which is Payden Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Payden Emerging returns to help us make a trade decision. For example, suppose you find that Payden Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Emerging 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 Emerging mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Payden Emerging Lagged Returns

When evaluating Payden Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Emerging mutual fund have on its future price. Payden Emerging 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 Emerging autocorrelation shows the relationship between Payden Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Emerging Markets.
   Regressed Prices   
       Timeline  

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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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