Payden Limited Competition

PYLBX Fund

9.55 0.01 0.10%

Payden Limited Maturity competes with Payden Corporate, Payden Floating, Payden Absolute, Payden Porate, and Payden Absolute; as well as few others. The fund is listed under Ultrashort Bond category and is part of Paydenfunds family. Analyzing Payden Limited 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 Limited to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Payden Limited Correlation with its peers.

Payden Limited vs Payden Emerging Correlation

Almost no diversification

The correlation between Payden Limited Maturity and PYCIX is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Limited Maturity and PYCIX in the same portfolio, assuming nothing else is changed.

Moving together with Payden Mutual Fund

0.73	PYAYX	Payden Corporate Bond	Pair Corr
0.73	PYBLX	Payden Floating Rate	Pair Corr
0.95	PYABX	Payden Absolute Return	Pair Corr
0.7	PYACX	Payden Porate Bond	Pair Corr
0.96	PYAIX	Payden Absolute Return	Pair Corr

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Hype

Prediction

Low	Estimated	High
9.46	9.55	9.64

Details

Intrinsic

Valuation

Low	Real	High
9.45	9.54	9.63

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Payden Limited. Your research has to be compared to or analyzed against Payden Limited's peers to derive any actionable benefits. When done correctly, Payden Limited'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 Limited Maturity.

Payden Limited Competition Correlation Matrix

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

	PYAYX	PYBLX	PYABX	PYACX	PYAIX	PYARX	PYCEX	PYCHX	PYCBX	PYCIX
PYAYX		0.6	0.78	0.86	0.79	0.79	0.78	0.81	0.85	0.77	PYAYX
PYBLX	0.6		0.75	0.48	0.76	0.76	0.79	0.86	0.49	0.75	PYBLX
PYABX	0.78	0.75		0.75	0.99	0.99	0.97	0.97	0.81	0.98	PYABX
PYACX	0.86	0.48	0.75		0.77	0.77	0.74	0.74	0.97	0.74	PYACX
PYAIX	0.79	0.76	0.99	0.77		0.99	0.98	0.97	0.84	0.98	PYAIX
PYARX	0.79	0.76	0.99	0.77	0.99		0.98	0.97	0.83	0.98	PYARX
PYCEX	0.78	0.79	0.97	0.74	0.98	0.98		0.98	0.82	0.99	PYCEX
PYCHX	0.81	0.86	0.97	0.74	0.97	0.97	0.98		0.79	0.97	PYCHX
PYCBX	0.85	0.49	0.81	0.97	0.84	0.83	0.82	0.79		0.82	PYCBX
PYCIX	0.77	0.75	0.98	0.74	0.98	0.98	0.99	0.97	0.82		PYCIX
	PYAYX	PYBLX	PYABX	PYACX	PYAIX	PYARX	PYCEX	PYCHX	PYCBX	PYCIX

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Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Limited 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 Limited'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
PYAYX	0.17	0.01	(0.18)	0.18	0.09	(0.23)	0.40	(0.40)	0.80
PYBLX	0.05	0.01	(0.39)	(2.58)	0.00	(0.11)	0.11	(0.10)	0.42
PYABX	0.06	0.02	(0.35)	2.37	0.00	(0.11)	0.11	(0.11)	0.32
PYACX	0.18	0.01	(0.18)	0.33	0.10	(0.22)	0.30	(0.30)	0.81
PYAIX	0.05	0.02	0.00	4.26	0.00	0.00	0.11	0.00	0.32
PYARX	0.06	0.02	(0.35)	0.62	0.00	(0.11)	0.11	(0.11)	0.22
PYCEX	0.06	0.02	0.00	0.61	0.00	0.00	0.12	(0.11)	0.46
PYCHX	0.08	0.03	(0.23)	4.19	0.00	(0.11)	0.16	(0.08)	0.48
PYCBX	0.15	0.02	(0.23)	0.52	0.00	(0.20)	0.32	(0.22)	0.64
PYCIX	0.07	0.02	(0.32)	0.64	0.00	(0.13)	0.11	(0.11)	0.46

Payden Limited Competitive Analysis

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

	PYLBX	PYAYX	PYBLX	PYABX	PYACX	PYAIX	PYARX	PYCEX	PYCHX	PYCBX
	0.10 9.55 Payden	0.50 10.10 Payden	0.10 9.60 Payden	0.11 9.43 Payden	0.20 10.03 Payden	0.11 9.44 Payden	0.11 9.43 Payden	0.11 8.88 Payden	0.08 12.84 Payden	0.21 9.42 Payden
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Good	Solid	High	Good	High	High	High	Prime	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Over 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	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Cautious Hold	Strong Sell	Strong Sell	Sell	Strong Hold	Strong Sell	Hold	Cautious Hold	Strong Sell
Cash Position Weight	N/A	N/A	N/A	N/A	-6.81	21.6	26.55	11.65	N/A	7.96
Equity Positions Weight	N/A	N/A	N/A	N/A	N/A	0.02	0.01	N/A	N/A	N/A
Three Year Return	N/A	N/A	N/A	N/A	5.24	6.17	5.94	7.17	N/A	4.86
Net Asset	2.03 B	394.11 M	140.49 M	652.54 M	422.29 M	145.41 M	672.84 M	96.61 M	724.48 M	898.86 M
Annual Yield	0.0467	0.0429	0.0728	0.0639	0.0454	0.0687	0.0665	0.065	0.0666	0.0478
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	100 K	N/A	N/A	100 K
Five Year Return	N/A	N/A	N/A	N/A	0.49	3.78	3.54	2.43	N/A	0.4
Year To Date Return	N/A	N/A	N/A	N/A	0.56	0.76	0.74	0.97	N/A	0.64
One Year Return	N/A	N/A	N/A	N/A	6.47	6.38	6.14	7.45	N/A	7.29
Last Dividend Paid	N/A	N/A	N/A	N/A	0.03	0.02	0.02	0.03	N/A	0.02
Bond Positions Weight	N/A	N/A	N/A	N/A	17.3	14.72	64.84	81.02	N/A	86.18
Ten Year Return	N/A	N/A	N/A	N/A	5.97	N/A	N/A	N/A	N/A	4.07
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	9.2 T	9.2 T	9.2 T
Day Typical Price	9.55	10.1	9.6	9.43	10.03	9.44	9.43	8.88	12.84	9.42
Period Momentum Indicator	0.01	0.05	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.02
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	9.55	10.1	9.6	9.43	10.03	9.44	9.43	8.88	12.84	9.42
Price Action Indicator	0.005	0.025	0.005	0.005	0.01	0.005	0.005	0.005	0.005	0.01
Coefficient Of Variation	488.57	842.96	399.54	236.7	780.41	208.57	227.89	249.81	216.61	642.33
Mean Deviation	0.0389	0.1723	0.0506	0.0576	0.1762	0.0504	0.0567	0.0645	0.0752	0.1484
Jensen Alpha	0.0067	0.0107	0.0077	0.0187	0.0145	0.0189	0.0174	0.0206	0.0327	0.0157
Total Risk Alpha	0.0012	(0.0003)	0.0023	0.0141	0.0016	0.0147	0.0143	0.0167	0.0262	0.0045
Sortino Ratio	N/A	(0.18)	(0.39)	(0.35)	(0.18)	N/A	(0.35)	N/A	(0.23)	(0.23)
Downside Variance	N/A	0.0596	0.018	0.0138	0.0559	N/A	0.0138	N/A	0.0131	0.0332
Standard Deviation	0.0859	0.2188	0.0699	0.0692	0.216	0.0609	0.0666	0.082	0.0934	0.1783
Kurtosis	16.01	(0.13)	1.25	(0.12)	(0.1)	0.4086	(0.58)	1.23	0.4744	(0.54)
Potential Upside	0.1056	0.3988	0.1052	0.108	0.3046	0.1078	0.1079	0.1152	0.1592	0.3209
Treynor Ratio	0.4994	0.1816	(2.58)	2.37	0.3334	4.26	0.6202	0.6066	4.19	0.5191
Maximum Drawdown	0.5271	0.8016	0.4165	0.3225	0.8101	0.3189	0.2161	0.4564	0.4798	0.6433
Variance	0.0074	0.0479	0.0049	0.0048	0.0466	0.0037	0.0044	0.0067	0.0087	0.0318
Market Risk Adjusted Performance	0.5094	0.1916	(2.57)	2.38	0.3434	4.27	0.6302	0.6166	4.2	0.5291
Risk Adjusted Performance	0.0813	0.0688	0.0965	0.2343	0.076	0.2644	0.2429	0.2346	0.2962	0.0904
Skewness	3.9	(0.1)	(0.20)	0.0331	(0.15)	0.4623	(0.26)	0.0238	(0.25)	0.0717
Semi Deviation	N/A	0.0936	0.0	0.0	0.0964	N/A	0.0	N/A	0.0	0.0
Information Ratio	(0.61)	(0.20)	(0.75)	(0.59)	(0.20)	(0.67)	(0.61)	(0.45)	(0.29)	(0.24)
Value At Risk	N/A	(0.40)	(0.10)	(0.11)	(0.30)	N/A	(0.11)	(0.11)	(0.08)	(0.22)
Expected Short fall	N/A	(0.23)	(0.11)	(0.11)	(0.22)	N/A	(0.11)	N/A	(0.11)	(0.20)
Downside Deviation	N/A	0.2441	0.1343	0.1173	0.2363	N/A	0.1175	N/A	0.1145	0.1822
Semi Variance	N/A	0.0088	(0.02)	(0.03)	0.0093	N/A	(0.03)	N/A	(0.04)	(0.01)

Payden Limited Competition Performance Charts

Five steps to successful analysis of Payden Limited Competition

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

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

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Other Information on Investing in Payden Mutual Fund

Payden Limited 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 Limited security.

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