Payden California Competition

PYCLX Fund

9.98 0.02 0.20%

Payden California competes with Touchstone Small, T Rowe, Small-midcap Dividend, Ab Small, and Jpmorgan Small; as well as few others. Analyzing Payden California 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 California to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Payden California competition on your existing holdings.

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Payden California Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Payden California 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 California does not affect the price movement of the other competitor.

	TVOYX	TQAAX	PMDDX	QUAKX	JISGX	RTOUX	IUSCX	MSSGX
TVOYX		0.97	0.99	0.95	0.98	0.99	0.98	0.93	TVOYX
TQAAX	0.97		0.97	0.98	0.97	0.99	0.98	0.88	TQAAX
PMDDX	0.99	0.97		0.95	0.97	0.98	0.97	0.95	PMDDX
QUAKX	0.95	0.98	0.95		0.94	0.97	0.94	0.87	QUAKX
JISGX	0.98	0.97	0.97	0.94		0.98	0.98	0.92	JISGX
RTOUX	0.99	0.99	0.98	0.97	0.98		0.99	0.9	RTOUX
IUSCX	0.98	0.98	0.97	0.94	0.98	0.99		0.89	IUSCX
MSSGX	0.93	0.88	0.95	0.87	0.92	0.9	0.89		MSSGX
	TVOYX	TQAAX	PMDDX	QUAKX	JISGX	RTOUX	IUSCX	MSSGX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden California 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 California'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TVOYX	0.79	(0.01)	0.03	0.11	0.67	(0.96)	1.70	(1.42)	6.73
TQAAX	0.82	(0.03)	0.00	0.09	0.98	(0.85)	1.75	(1.51)	6.10
PMDDX	0.72	0.01	0.03	0.12	0.65	(0.86)	1.61	(1.31)	5.22
QUAKX	0.94	0.02	0.05	0.13	1.03	(0.97)	1.92	(2.15)	6.77
JISGX	0.90	(0.02)	0.02	0.10	1.04	(0.97)	1.91	(1.76)	6.72
RTOUX	0.80	(0.03)	0.01	0.09	0.84	(0.88)	1.78	(1.45)	6.26
IUSCX	0.97	(0.06)	0.01	0.08	0.98	(1.20)	2.29	(1.69)	8.00
MSSGX	1.47	0.38	0.28	0.36	1.17	(1.77)	3.46	(2.26)	7.23

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Payden California Competitive Analysis

The better you understand Payden California competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Payden California'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 California'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

	PYCLX	TVOYX	TQAAX	PMDDX	QUAKX	JISGX	RTOUX	IUSCX	MSSGX
	0.20 9.98 Payden	0.19 41.77 Touchstone	0.32 49.73 TQAAX	0.39 20.57 Small-midcap	0.55 71.40 QUAKX	0.42 23.87 JPMORGAN	0.15 45.61 Tax-managed	0.07 13.49 Fisher	1.42 16.42 Small
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Insignificant	Good	Good	Good	Good	Good	Good	Good	Strong
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Buy	Strong Hold	Buy	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Buy
Net Asset		126.34 M	8.09 B	1.28 B	1.9 B	3.42 B	708.97 M	206.85 K	446.7 M
Minimum Initial Investment		N/A	N/A	N/A	N/A	3 M	N/A	N/A	N/A
Price To Book		1.78	N/A	N/A	3.72	3.19	N/A	N/A	3.16
Five Year Return		11.04	10.28	8.83	9.8	7.91	9.39	N/A	15.22
One Year Return		31.98	35.05	32.04	41.05	35.6	29.52	N/A	65.18
Last Dividend Paid		0.09	N/A	0.03	N/A	N/A	N/A	N/A	N/A
Price To Earning		19.56	3.88	N/A	25.57	24.7	N/A	N/A	47.34
Price To Sales		1.16	N/A	N/A	1.9	1.39	N/A	N/A	2.12
Cash Position Weight		1.1	0.93	1.9	2.67	0.55	2.84	N/A	1.75
Equity Positions Weight		98.9	99.07	98.1	97.33	99.45	97.14	99.44	94.27
Three Year Return		6.02	4.25	7.28	-4.66	-3.37	2.6	N/A	-9.82
Annual Yield		0.0053	N/A	0.0057	N/A	N/A	0.0018	0.0011	N/A
Year To Date Return		19.9	22.51	19.48	26.5	20.61	15.86	N/A	31.85
Bond Positions Weight		N/A	N/A	N/A	N/A	N/A	N/A	0.56	N/A
Ten Year Return		6.35	13.65	N/A	16.02	15.38	9.19	N/A	14.56
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T
Day Typical Price	9.98	41.77	49.73	20.57	71.4	23.87	45.61	13.49	16.42
Period Momentum Indicator	0.02	0.08	0.16	0.08	0.39	0.1	(0.07)	(0.01)	0.23
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.01	1.0	1.0	1.0	1.01
Day Median Price	9.98	41.77	49.73	20.57	71.4	23.87	45.61	13.49	16.42
Price Action Indicator	0.01	0.04	0.08	0.04	0.2	0.05	(0.04)	(0.01)	0.12
Coefficient Of Variation	1651.07	733.09	908.34	656.46	669.1	828.04	869.83	1022.64	321.04
Mean Deviation	0.1291	0.7896	0.8194	0.7163	0.9362	0.9032	0.8015	0.9681	1.47
Jensen Alpha	0.0079	(0.01)	(0.03)	0.0082	0.0158	(0.02)	(0.03)	(0.06)	0.3825
Total Risk Alpha	(0.03)	(0.03)	(0.05)	(0.01)	(0.01)	(0.05)	(0.05)	(0.08)	0.2878
Sortino Ratio	(0.37)	0.0325	(0)	0.0267	0.0509	0.0182	0.0053	0.0078	0.2802
Downside Variance	0.0947	0.7682	1.21	0.6835	1.71	1.48	0.9746	1.36	2.59
Standard Deviation	0.2048	1.13	1.1	0.9681	1.28	1.22	1.14	1.38	1.85
Kurtosis	3.97	7.74	2.35	3.97	1.91	2.26	4.08	5.59	(0.13)
Potential Upside	0.3055	1.7	1.75	1.61	1.92	1.91	1.78	2.29	3.46
Treynor Ratio	(0.05)	0.111	0.0879	0.1227	0.1263	0.098	0.0904	0.0779	0.3552
Maximum Drawdown	1.12	6.73	6.1	5.22	6.77	6.72	6.26	8.0	7.23
Variance	0.0419	1.27	1.22	0.9372	1.65	1.49	1.29	1.89	3.43
Market Risk Adjusted Performance	(0.04)	0.121	0.0979	0.1327	0.1363	0.108	0.1004	0.0879	0.3652
Risk Adjusted Performance	0.019	0.1077	0.0874	0.1188	0.1186	0.0963	0.0913	0.0794	0.2445
Skewness	(1.03)	1.72	0.1933	0.9901	0.108	0.3221	0.9618	1.16	0.1081
Semi Deviation	0.1529	0.6671	0.9831	0.6545	1.03	1.04	0.8352	0.9838	1.17
Information Ratio	(0.55)	0.0253	(0)	0.0228	0.0519	0.0182	0.0046	0.0066	0.2437
Value At Risk	(0.40)	(1.42)	(1.51)	(1.31)	(2.15)	(1.76)	(1.45)	(1.69)	(2.26)
Expected Short fall	(0.20)	(0.96)	(0.85)	(0.86)	(0.97)	(0.97)	(0.88)	(1.20)	(1.77)
Downside Deviation	0.3078	0.8765	1.1	0.8268	1.31	1.22	0.9872	1.17	1.61
Semi Variance	0.0234	0.4451	0.9664	0.4284	1.07	1.09	0.6975	0.9679	1.37

Payden California Competition Performance Charts

Five steps to successful analysis of Payden California Competition

Payden California'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 California in relation to its competition. Payden California's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Payden California 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 California's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Payden California, 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 California position

In addition to having Payden California 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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