Payden Gnma Fund Market Value

PYGNX Fund  USD 7.64  0.02  0.26%   
Payden Gnma's market value is the price at which a share of Payden Gnma trades on a public exchange. It measures the collective expectations of Payden Gnma Fund investors about its performance. Payden Gnma is trading at 7.64 as of the 5th of December 2024; that is 0.26% up since the beginning of the trading day. The fund's open price was 7.62.
With this module, you can estimate the performance of a buy and hold strategy of Payden Gnma Fund and determine expected loss or profit from investing in Payden Gnma over a given investment horizon. Check out Payden Gnma Correlation, Payden Gnma Volatility and Payden Gnma Alpha and Beta module to complement your research on Payden Gnma.
Symbol

Please note, there is a significant difference between Payden Gnma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Payden Gnma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Payden Gnma'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 Gnma '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 Gnma'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 Gnma.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in Payden Gnma on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Gnma Fund or generate 0.0% return on investment in Payden Gnma over 30 days. Payden Gnma is related to or competes with Payden Corporate, Payden Absolute, Payden Absolute, Payden Emerging, Payden Regal, Payden Core, and Payden Emerging. The fund invests at least 80 percent of its total assets in Government National Mortgage Association mortgage-backed sec... More

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

Payden Gnma Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Gnma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Gnma's standard deviation. In reality, there are many statistical measures that can use Payden Gnma historical prices to predict the future Payden Gnma's volatility.
Hype
Prediction
LowEstimatedHigh
7.327.627.92
Details
Intrinsic
Valuation
LowRealHigh
7.147.447.74
Details
Naive
Forecast
LowNextHigh
7.347.647.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.557.597.64
Details

Payden Gnma Fund Backtested Returns

Payden Gnma Fund maintains Sharpe Ratio (i.e., Efficiency) of -0.0927, which implies the entity had a -0.0927% return per unit of risk over the last 3 months. Payden Gnma Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Gnma's Risk Adjusted Performance of (0.06), variance of 0.0921, and Coefficient Of Variation of (1,755) to confirm the risk estimate we provide. The fund holds a Beta of -0.0245, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Gnma are expected to decrease at a much lower rate. During the bear market, Payden Gnma is likely to outperform the market.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Payden Gnma Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Payden Gnma time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Gnma Fund price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Payden Gnma price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.31
Residual Average0.0
Price Variance0.0

Payden Gnma Fund lagged returns against current returns

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

Payden Gnma Lagged Returns

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

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Other Information on Investing in Payden Mutual Fund

Payden Gnma 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 Gnma security.
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