Payden Equity Income Fund Market Value

PYVAX Fund  USD 19.81  0.02  0.10%   
Payden Equity's market value is the price at which a share of Payden Equity trades on a public exchange. It measures the collective expectations of Payden Equity Income investors about its performance. Payden Equity is trading at 19.81 as of the 5th of December 2024; that is 0.1% down since the beginning of the trading day. The fund's open price was 19.83.
With this module, you can estimate the performance of a buy and hold strategy of Payden Equity Income and determine expected loss or profit from investing in Payden Equity over a given investment horizon. Check out Payden Equity Correlation, Payden Equity Volatility and Payden Equity Alpha and Beta module to complement your research on Payden Equity.
Symbol

Please note, there is a significant difference between Payden Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Payden Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Payden Equity'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 Equity '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 Equity'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 Equity.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Payden Equity on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Payden Equity Income or generate 0.0% return on investment in Payden Equity over 720 days. Payden Equity is related to or competes with Janus Henderson, Eaton Vance, William Blair, Western Asset, and Lord Abbett. The fund invests primarily in large capitalization value stocks, defined as stocks with sustainable cash flows that have the ability to pay and grow their dividends over time, and other income producing equity securities, including by way of example, preferred stocks, real estate investment trusts and master limited partnerships. More

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

Payden Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Equity's standard deviation. In reality, there are many statistical measures that can use Payden Equity historical prices to predict the future Payden Equity's volatility.
Hype
Prediction
LowEstimatedHigh
19.2319.8120.39
Details
Intrinsic
Valuation
LowRealHigh
19.0719.6520.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Payden Equity. Your research has to be compared to or analyzed against Payden Equity's peers to derive any actionable benefits. When done correctly, Payden Equity's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Payden Equity Income.

Payden Equity Income Backtested Returns

At this stage we consider Payden Mutual Fund to be very steady. Payden Equity Income maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden Equity Income, which you can use to evaluate the volatility of the fund. Please check Payden Equity's Risk Adjusted Performance of 0.123, coefficient of variation of 591.03, and Semi Deviation of 0.355 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The fund holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Payden Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Equity is expected to be smaller as well.

Auto-correlation

    
  -0.31  

Poor reverse predictability

Payden Equity Income has poor reverse predictability. Overlapping area represents the amount of predictability between Payden Equity time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 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 Equity Income price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Payden Equity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.98

Payden Equity Income lagged returns against current returns

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

Payden Equity Lagged Returns

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