Payden Absolute Return Fund Quote
| PYARX Fund | USD 9.53 0.00 0.00% |
Performance24 of 100
| Odds Of DistressLess than 14
|
Payden Absolute is trading at 9.53 as of the 25th of November 2024; that is No Change since the beginning of the trading day. The fund's open price was 9.53. Payden Absolute has less than a 14 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Payden Absolute Return are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of June 2023 and ending today, the 25th of November 2024. Click here to learn more.
Under normal market conditions, the fund will invest at least 80 percent of its investable assets in bonds or investments that provide exposure to bonds. The funds absolute return strategy seeks to have positive absolute returns over the long term, regardless of different market environments. More on Payden Absolute Return
Moving together with Payden Mutual Fund
| 0.99 | PYAIX | Payden Absolute Return | PairCorr |
| 0.67 | PYCEX | Payden Emerging Markets | PairCorr |
| 0.67 | PYCHX | Payden Regal | PairCorr |
Moving against Payden Mutual Fund
Payden Mutual Fund Highlights
| Fund Concentration | Paydenfunds Funds, Large Funds, Nontraditional Bond Funds, Nontraditional Bond, Paydenfunds, Large, Nontraditional Bond (View all Sectors) |
| Update Date | 22nd of November 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Payden Absolute Return [PYARX] is traded in USA and was established 25th of November 2024. Payden Absolute is listed under Paydenfunds category by Fama And French industry classification. The fund is listed under Nontraditional Bond category and is part of Paydenfunds family. This fund at this time has accumulated 699.52 M in assets with minimum initial investment of 100 K. Payden Absolute Return is currently producing year-to-date (YTD) return of 6.79% with the current yeild of 6.09%, while the total return for the last 3 years was 3.37%.
Check Payden Absolute Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Payden Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Payden Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Payden Absolute Return Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Payden Absolute Return Mutual Fund Constituents
| BKLN | Invesco Senior Loan | Etf | Bank Loan |
Payden Absolute Return Risk Profiles
| Mean Deviation | 0.0518 | |||
| Standard Deviation | 0.0681 | |||
| Variance | 0.0046 | |||
| Downside Variance | 0.0133 |
Payden Absolute Against Markets
Other Information on Investing in Payden Mutual Fund
Payden Absolute 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 Absolute security.
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