Payden Porate Competition

PYACX Fund

USD 10.03 0.02 0.20%

Payden Porate Bond competes with Federated Government, Nuveen Minnesota, The Hartford, Franklin High, and Ab Impact; as well as few others. The fund is listed under Corporate Bond category and is part of Paydenfunds family. Analyzing Payden Porate competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Payden Porate to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Payden Porate Correlation with its peers.

Payden Porate vs Oklahoma Municipal Correlation

Poor diversification

The correlation between Payden Porate Bond and OKMUX is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Porate Bond and OKMUX in the same portfolio, assuming nothing else is changed.

Moving together with Payden Mutual Fund

0.98	PYAYX	Payden Corporate Bond	Pair Corr
0.77	PYABX	Payden Absolute Return	Pair Corr
0.77	PYAIX	Payden Absolute Return	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Porate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
9.81	10.03	10.25

Details

Intrinsic

Valuation

Low	Real	High
9.78	10.00	10.22

Details

Payden Porate Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Payden Porate and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Payden and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Payden Porate Bond does not affect the price movement of the other competitor.

	FITSX	FYMNX	HHMAX	FHYVX	ABIMX	OKMUX
FITSX		0.9	0.89	0.91	0.9	0.9	FITSX
FYMNX	0.9		0.99	0.99	0.97	0.98	FYMNX
HHMAX	0.89	0.99		0.99	0.96	0.99	HHMAX
FHYVX	0.91	0.99	0.99		0.98	0.98	FHYVX
ABIMX	0.9	0.97	0.96	0.98		0.95	ABIMX
OKMUX	0.9	0.98	0.99	0.98	0.95		OKMUX
	FITSX	FYMNX	HHMAX	FHYVX	ABIMX	OKMUX

Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Porate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Payden Porate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FITSX	0.15	0.02	(0.19)	0.49	(0.22)	0.33	(0.22)	0.77
FYMNX	0.07	0.02	(0.31)	(3.53)	(0.15)	0.19	(0.09)	0.66
HHMAX	0.07	0.02	(0.21)	2.42	(0.16)	0.24	(0.12)	0.60
FHYVX	0.10	0.02	(0.17)	1.56	(0.17)	0.23	(0.11)	0.90
ABIMX	0.09	0.01	(0.21)	1.95	(0.16)	0.21	(0.10)	0.93
OKMUX	0.07	0.02	0.00	2.21	0.00	0.28	(0.09)	0.66

Payden Porate Competitive Analysis

The better you understand Payden Porate competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Payden Porate's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Payden Porate's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	PYACX	FITSX	FYMNX	HHMAX	FHYVX	ABIMX	OKMUX
	0.20 10.03 Payden	0.22 9.27 FEDERATED	0.19 10.79 Nuveen	0.12 8.52 The	0.11 9.02 Franklin	0.31 9.79 ABIMX	0.09 10.73 Oklahoma
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Solid	Solid	Solid	Solid	Good	Strong
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Hold
Cash Position Weight	(6.81) %	5.89 %	0.54 %	2.07 %	0.39 %	1.96 %	N/A
Three Year Return	5.24 %	3.67 %	3.36 %	4.01 %	5.01 %	4.55 %	2.72 %
Net Asset	422.29 M	150.12 M	397.92 M	2.05 B	6.41 B	86.89 M	39.23 M
Annual Yield	0.05 %	0.03 %	0 %	0.03 %	0 %	0.04 %	0 %
Minimum Initial Investment	N/A	N/A	100 K	N/A	100 K	N/A	N/A
Five Year Return	0.49 %	(0.37) %	0.68 %	1.03 %	1.19 %	1.08 %	(0.09) %
Year To Date Return	0.56 %	0.91 %	0.99 %	1.45 %	1.40 %	1.58 %	1.40 %
One Year Return	6.47 %	8.54 %	3.91 %	4.98 %	4.43 %	4.97 %	4.95 %
Last Dividend Paid	0.03	0.01	0.02	0.01	0.03	0.02	N/A
Bond Positions Weight	17.30 %	N/A	99.46 %	2.26 %	99.57 %	98.04 %	N/A
Ten Year Return	5.97 %	2.32 %	4.59 %	3.96 %	4.32 %	N/A	3.41 %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	10.03	9.27	10.79	8.52	9.02	9.79	10.73
Period Momentum Indicator	0.02	0.02	0.02	0.01	0.01	0.03	0.01
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	10.03	9.27	10.79	8.52	9.02	9.79	10.73
Price Action Indicator	0.01	0.01	0.01	0.005	0.005	0.015	0.005
Coefficient Of Variation	780.41	548.61	414.52	336.68	451.12	684.0	317.51
Mean Deviation	0.1762	0.1542	0.0725	0.0725	0.0992	0.0871	0.0667
Jensen Alpha	0.0145	0.0218	0.0158	0.0201	0.0215	0.01	0.0209
Total Risk Alpha	0.0016	0.0107	0.0077	0.0129	0.0115	0.0	0.014
Sortino Ratio	(0.18)	(0.19)	(0.31)	(0.21)	(0.17)	(0.21)	N/A
Downside Variance	0.0559	0.0328	0.0204	0.0341	0.0518	0.0562	N/A
Standard Deviation	0.216	0.1915	0.1059	0.103	0.146	0.1392	0.0998
Kurtosis	(0.1)	(0.15)	3.41	2.83	3.82	4.96	4.04
Potential Upside	0.3046	0.3311	0.1869	0.2378	0.227	0.206	0.283
Treynor Ratio	0.3334	0.4855	(3.53)	2.42	1.56	1.95	2.21
Maximum Drawdown	0.8101	0.7699	0.6558	0.5958	0.8994	0.9284	0.6613
Variance	0.0466	0.0367	0.0112	0.0106	0.0213	0.0194	0.01
Market Risk Adjusted Performance	0.3434	0.4955	(3.52)	2.43	1.57	1.96	2.22
Risk Adjusted Performance	0.076	0.1149	0.1285	0.1713	0.1336	0.07	0.1833
Skewness	(0.15)	0.4358	0.8915	0.6457	(0.20)	(0.51)	1.16
Semi Deviation	0.0964	0.0	0.0	0.0	0.0	0.0	N/A
Information Ratio	(0.20)	(0.18)	(0.42)	(0.38)	(0.26)	(0.36)	(0.39)
Value At Risk	(0.30)	(0.22)	(0.09)	(0.12)	(0.11)	(0.10)	(0.09)
Expected Short fall	(0.22)	(0.22)	(0.15)	(0.16)	(0.17)	(0.16)	N/A
Downside Deviation	0.2363	0.1811	0.143	0.1847	0.2276	0.2371	N/A
Semi Variance	0.0093	(0.02)	(0.02)	(0.03)	(0.02)	(0.01)	N/A

Payden Porate Competition Performance Charts

Five steps to successful analysis of Payden Porate Competition

Payden Porate's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Payden Porate Bond in relation to its competition. Payden Porate's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Payden Porate in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Payden Porate's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Payden Porate Bond, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Payden Porate position

In addition to having Payden Porate in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in Payden Mutual Fund

Payden Porate 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 Porate security.

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