Payden Equity Income Fund Probability of Future Mutual Fund Price Finishing Under 20.19
| PYVSX Fund | USD 20.11 0.07 0.35% |
Payden |
Payden Equity Target Price Odds to finish below 20.19
The tendency of Payden Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 20.19 after 90 days |
| 20.11 | 90 days | 20.19 | close to 99 |
Based on a normal probability distribution, the odds of Payden Equity to stay under $ 20.19 after 90 days from now is close to 99 (This Payden Equity Income probability density function shows the probability of Payden Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Payden Equity Income price to stay between its current price of $ 20.11 and $ 20.19 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Payden Equity has a beta of 0.75 indicating as returns on the market go up, Payden Equity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Payden Equity Income will be expected to be much smaller as well. Additionally Payden Equity Income has an alpha of 0.0196, implying that it can generate a 0.0196 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Payden Equity Price Density |
| Price |
Predictive Modules for Payden Equity
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Payden Equity Income. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Equity'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 Equity Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Payden Equity is not an exception. The market had few large corrections towards the Payden Equity's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Payden Equity Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Payden Equity within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 0.44 | |
Ir | Information ratio | -0.02 |
Payden Equity Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Payden Equity for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Payden Equity Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains about 7.01% of its assets in cash |
Payden Equity Technical Analysis
Payden Equity's future price can be derived by breaking down and analyzing its technical indicators over time. Payden Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Payden Equity Income. In general, you should focus on analyzing Payden Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Payden Equity Predictive Forecast Models
Payden Equity's time-series forecasting models is one of many Payden Equity's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Payden Equity's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Payden Equity Income
Checking the ongoing alerts about Payden Equity for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Payden Equity Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund maintains about 7.01% of its assets in cash |
Other Information on Investing in Payden Mutual Fund
Payden Equity 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 Equity security.
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