Payden/kravitz Cash Correlations

PKCRX Fund

USD 9.00 0.01 0.11%

The current 90-days correlation between Payden/kravitz Cash and Payden Porate Bond is 0.02 (i.e., Significant diversification). The correlation of Payden/kravitz Cash is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paydenkravitz Cash Balance. 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 metropolitan statistical area.

Moving together with Payden/kravitz Mutual Fund

0.99	PYAIX	Payden Absolute Return	Pair Corr
0.98	PYARX	Payden Absolute Return	Pair Corr
0.76	PYCHX	Payden Regal	Pair Corr
0.97	PYFIX	Payden Floating Rate	Pair Corr
0.97	PYFRX	Payden Floating Rate	Pair Corr
0.79	PYHRX	Payden High Income	Pair Corr
0.9	PYGSX	Payden Global Low	Pair Corr
0.95	PYLMX	Payden Limited Maturity	Pair Corr
0.88	PYSBX	Payden Low Duration	Pair Corr
0.61	PYUSX	Payden Government	Pair Corr
0.99	PKCIX	Payden/kravitz Cash	Pair Corr
1.0	PKBIX	Payden/kravitz Cash	Pair Corr

Moving against Payden/kravitz Mutual Fund

0.48	PYELX	Payden Emerging Markets	Pair Corr
0.48	PYILX	Payden Rygel Investment	Pair Corr
0.73	PYVLX	Payden Equity Income	Pair Corr
0.73	PYVSX	Payden Equity Income	Pair Corr
0.7	CIFRX	Columbia Porate Income	Pair Corr
0.35	LIIAX	Columbia Porate Income	Pair Corr
0.33	WRHIX	Ivy High Income	Pair Corr

Related Correlations Analysis

	PYACX	PYAIX	PYARX	PYCEX	PYCHX	PYCBX	PYCIX	PYCWX	PYCSX	PYCRX
PYACX		-0.24	-0.26	0.72	0.31	0.9	0.71	0.99	0.99	0.87	PYACX
PYAIX	-0.24		0.99	0.43	0.74	-0.23	0.46	-0.27	-0.22	-0.06	PYAIX
PYARX	-0.26	0.99		0.42	0.72	-0.24	0.45	-0.28	-0.23	-0.09	PYARX
PYCEX	0.72	0.43	0.42		0.83	0.7	0.99	0.7	0.73	0.76	PYCEX
PYCHX	0.31	0.74	0.72	0.83		0.35	0.84	0.28	0.32	0.43	PYCHX
PYCBX	0.9	-0.23	-0.24	0.7	0.35		0.68	0.9	0.9	0.83	PYCBX
PYCIX	0.71	0.46	0.45	0.99	0.84	0.68		0.68	0.72	0.75	PYCIX
PYCWX	0.99	-0.27	-0.28	0.7	0.28	0.9	0.68		0.99	0.84	PYCWX
PYCSX	0.99	-0.22	-0.23	0.73	0.32	0.9	0.72	0.99		0.85	PYCSX
PYCRX	0.87	-0.06	-0.09	0.76	0.43	0.83	0.75	0.84	0.85		PYCRX
	PYACX	PYAIX	PYARX	PYCEX	PYCHX	PYCBX	PYCIX	PYCWX	PYCSX	PYCRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PYCWX	+ 0.99	PYACX
PYCSX	+ 0.99	PYACX
PYARX	+ 0.99	PYAIX
PYCIX	+ 0.99	PYCEX
PYCSX	+ 0.99	PYCWX
PYCBX	+ 0.9	PYACX

High negative correlations

PYCWX	- 0.28	PYARX
PYCWX	- 0.27	PYAIX
PYARX	- 0.26	PYACX
PYCBX	- 0.24	PYARX
PYAIX	- 0.24	PYACX
PYCSX	- 0.23	PYARX

Risk-Adjusted Indicators

There is a big difference between Payden/kravitz Mutual Fund performing well and Payden/kravitz Cash 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/kravitz Cash'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
PYACX	0.26	(0.02)	0.00	(0.14)	0.00	0.00	0.62	(0.61)	1.75
PYAIX	0.07	0.01	(0.44)	(1.21)	0.00	(0.13)	0.21	(0.11)	0.32
PYARX	0.06	0.01	(0.39)	0.60	0.00	(0.12)	0.11	(0.11)	0.42
PYCEX	0.10	0.00	(0.45)	(0.05)	0.07	(0.20)	0.34	(0.23)	0.69
PYCHX	0.14	0.02	(0.27)	0.54	0.00	(0.20)	0.32	(0.16)	0.95
PYCBX	0.22	(0.01)	(0.33)	(0.77)	0.26	(0.28)	0.44	(0.55)	1.54
PYCIX	0.10	0.00	(0.43)	(0.05)	0.08	(0.16)	0.23	(0.23)	0.69
PYCWX	0.22	(0.02)	0.00	(0.23)	0.00	0.00	0.55	(0.55)	1.43
PYCSX	0.22	(0.02)	0.00	(0.18)	0.00	0.00	0.44	(0.55)	1.54
PYCRX	0.14	(0.01)	(0.32)	(0.05)	0.18	(0.20)	0.31	(0.40)	1.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Payden/kravitz Cash Correlations

Moving together with Payden/kravitz Mutual Fund

Moving against Payden/kravitz Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY