Payden Rygel Correlations

PYLDX Fund

USD 9.75 0.01 0.10%

The current 90-days correlation between Payden Rygel and Rbc Global Equity is -0.13 (i.e., Good diversification). The correlation of Payden Rygel 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.

Payden Rygel Correlation With Market

Good diversification

The correlation between The Payden Rygel and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Payden Rygel and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in The Payden Rygel. 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 unemployment.

Moving together with Payden Mutual Fund

0.68	PYACX	Payden Porate Bond	Pair Corr
0.65	PYCBX	Payden E Bond	Pair Corr
0.64	PYCWX	Payden E Bond	Pair Corr
0.63	PYCSX	Payden Core Bond	Pair Corr
0.72	PYCRX	Payden California	Pair Corr
0.69	PYCTX	Payden Rygel	Pair Corr
0.62	PYELX	Payden Emerging Markets	Pair Corr
0.78	PYGFX	Payden Global Fixed	Pair Corr
0.74	PYGIX	Payden Global Fixed	Pair Corr
0.92	PYGSX	Payden Global Low	Pair Corr
0.61	PYILX	Payden Rygel Investment	Pair Corr
0.81	PYSGX	Payden Strategic Income	Pair Corr
0.99	PYSBX	Payden Low Duration	Pair Corr
0.8	PYSIX	Payden Strategic Income	Pair Corr
0.79	PYUSX	Payden Government	Pair Corr
0.78	VBIRX	Vanguard Short Term	Pair Corr
0.86	VFSUX	Vanguard Short Term	Pair Corr
0.96	VFSIX	Vanguard Short Term	Pair Corr

Moving against Payden Mutual Fund

0.4

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	RGELX	DODFX	VTCAX	FDERX	DFVEX	LOGRX	MFIRX	DIVHX
RGELX		0.29	0.91	0.84	0.88	0.88	0.35	0.93	RGELX
DODFX	0.29		0.12	0.17	0.06	0.09	0.47	0.49	DODFX
VTCAX	0.91	0.12		0.8	0.93	0.84	0.15	0.81	VTCAX
FDERX	0.84	0.17	0.8		0.94	0.89	0.24	0.8	FDERX
DFVEX	0.88	0.06	0.93	0.94		0.88	0.11	0.78	DFVEX
LOGRX	0.88	0.09	0.84	0.89	0.88		0.18	0.82	LOGRX
MFIRX	0.35	0.47	0.15	0.24	0.11	0.18		0.45	MFIRX
DIVHX	0.93	0.49	0.81	0.8	0.78	0.82	0.45		DIVHX
	RGELX	DODFX	VTCAX	FDERX	DFVEX	LOGRX	MFIRX	DIVHX

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Risk-Adjusted Indicators

There is a big difference between Payden Mutual Fund performing well and Payden Rygel 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 Rygel'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
RGELX	0.58	0.08	(0.06)	(2.39)	0.61	(0.70)	1.31	(1.29)	3.60
DODFX	0.64	(0.01)	0.00	0.17	0.00	0.00	1.49	(1.56)	4.42
VTCAX	0.65	0.15	0.02	(1.17)	0.72	(0.66)	1.23	(1.62)	4.55
FDERX	0.54	(0.03)	(0.08)	0.08	0.47	(0.64)	1.10	(0.95)	3.89
DFVEX	0.66	0.00	0.02	0.12	0.61	(0.78)	1.46	(1.06)	5.26
LOGRX	0.47	0.06	(0.12)	(60.50)	0.40	(0.52)	0.86	(0.89)	2.96
MFIRX	0.09	0.00	(0.53)	0.07	0.00	(0.24)	0.19	(0.19)	0.76
DIVHX	0.48	0.08	(0.07)	6.73	0.35	(0.56)	1.12	(0.74)	2.83

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