Payden Absolute Return Fund Price on November 22, 2024
| PYABX Fund | 9.46 0.08 0.84% |
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Payden Absolute stands at 9.46, as last reported on the 30th of November, with the highest price reaching 9.46 and the lowest price hitting 9.46 during the day. At this stage we consider Payden Mutual Fund to be very steady. Payden Absolute Return maintains Sharpe Ratio (i.e., Efficiency) of 0.0523, which implies the entity had a 0.0523% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Absolute Return, which you can use to evaluate the volatility of the fund. Please check Payden Absolute's Coefficient Of Variation of 1562.87, semi deviation of 0.0913, and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0067%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.0523
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Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Payden Absolute is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Absolute by adding it to a well-diversified portfolio.
Payden Absolute Valuation on November 22, 2024
It is possible to determine the worth of Payden Absolute on a given historical date. On November 22, 2024 Payden was worth 9.53 at the beginning of the trading date compared to the closed value of 9.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Absolute mutual fund. Still, in general, we apply an absolute valuation method to find Payden Absolute's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Payden Absolute where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Absolute's related companies.
| Open | High | Low | Close | Volume | |
| 9.54 | 9.54 | 9.54 | 9.54 | 1.00 | |
11/22/2024 | 9.53 | 9.53 | 9.53 | 9.53 | 1.00 |
| 9.53 | 9.53 | 9.53 | 9.53 | 1.00 |
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Payden Absolute Trading Date Momentum on November 22, 2024
| On November 25 2024 Payden Absolute Return was traded for 9.53 at the closing time. The highest daily price throughout the period was 9.53 and the lowest price was 9.53 . There was no trading activity during the period 1.0. Lack of trading volume on 11/25/2024 did not cause price change. The trading delta at closing time to current closing price is 0.73% . |
Price Boundaries
Payden Absolute Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Payden Absolute Return cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Payden Absolute November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Absolute mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Payden Absolute shares will generate the highest return on investment. By undertsting and applying Payden Absolute mutual fund market strength indicators, traders can identify Payden Absolute Return entry and exit signals to maximize returns
Payden Absolute Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Absolute's price direction in advance. Along with the technical and fundamental analysis of Payden Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Payden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.1074 |
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