Payden California is trading at 9.99 as of the 1st of December 2024; that is 0.10 percent up since the beginning of the trading day. The fund's open price was 9.98. Payden California has hardly any chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Payden California Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of December 2023 and ending today, the 1st of December 2024. Click here to learn more.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Payden California mutual fund to make a market-neutral strategy. Peer analysis of Payden California could also be used in its relative valuation, which is a method of valuing Payden California by comparing valuation metrics with similar companies.