Payden Limited Competition
| PYLSX Fund | USD 9.57 0.01 0.10% |
Payden Limited vs Great-west Goldman Correlation
Very weak diversification
The correlation between Payden Limited Maturity and MXKJX is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payden Limited Maturity and MXKJX in the same portfolio, assuming nothing else is changed.
Moving together with Payden Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Limited'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.
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.
| 0.66 | 0.99 | 0.63 | 0.99 | 0.92 | SGDLX | ||
| 0.66 | 0.6 | 1.0 | 0.84 | 0.71 | USERX | ||
| 0.99 | 0.6 | 0.56 | 0.97 | 0.91 | XGGNX | ||
| 0.63 | 1.0 | 0.56 | 0.82 | 0.68 | FSAGX | ||
| 0.99 | 0.84 | 0.97 | 0.82 | 0.93 | OGMCX | ||
| 0.92 | 0.71 | 0.91 | 0.68 | 0.93 | MXKJX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGDLX | 1.64 | 0.67 | 0.35 | 0.86 | 1.27 | 3.79 | 10.04 | |||
| USERX | 1.88 | 0.54 | 0.17 | 0.52 | 2.51 | 4.66 | 9.83 | |||
| XGGNX | 0.70 | 0.32 | 0.35 | 1.21 | 0.20 | 1.93 | 3.80 | |||
| FSAGX | 1.83 | 0.46 | 0.14 | 0.46 | 2.57 | 4.53 | 10.22 | |||
| OGMCX | 1.79 | 0.43 | 0.13 | 0.40 | 2.62 | 4.29 | 9.60 | |||
| MXKJX | 0.67 | 0.12 | 0.14 | 0.17 | 0.60 | 1.60 | 3.20 |
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 |
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.
Complement your Payden Limited position
In addition to having Payden Limited 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.Did You Try This Idea?
Run Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
| View All Next | Launch |
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.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |