Payden Corporate Bond Fund Price on November 25, 2024
| PYAYX Fund | 9.89 0.04 0.40% |
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 Corporate stands at 9.89, as last reported on the 14th of December 2024, with the highest price reaching 9.89 and the lowest price hitting 9.89 during the day. Payden Corporate Bond maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Payden Corporate Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Corporate's Coefficient Of Variation of (1,286), variance of 0.1058, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = -0.1137
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Estimated Market Risk
| 0.32 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Payden Corporate is not performing at its full potential. However, 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 Corporate by adding Payden Corporate to a well-diversified portfolio.
Payden Corporate Valuation on November 25, 2024
It is possible to determine the worth of Payden Corporate on a given historical date. On November 25, 2024 Payden was worth 9.96 at the beginning of the trading date compared to the closed value of 9.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Corporate mutual fund. Still, in general, we apply an absolute valuation method to find Payden Corporate'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 Corporate where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Corporate's related companies.
| Open | High | Low | Close | Volume | |
| 9.86 | 9.86 | 9.86 | 9.86 | 1.00 | |
11/25/2024 | 9.96 | 9.96 | 9.96 | 9.96 | 1.00 |
| 9.94 | 9.94 | 9.94 | 9.94 | 1.00 |
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Payden Corporate Trading Date Momentum on November 25, 2024
| On November 26 2024 Payden Corporate Bond was traded for 9.94 at the closing time. The highest daily price throughout the period was 9.94 and the lowest price was 9.94 . There was no trading activity during the period 1.0. Lack of trading volume on 11/26/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.20% . The trading delta at closing time to current closing price is 0.50% . |
Price Boundaries
Payden Corporate Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Payden Corporate Bond 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 Corporate December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Corporate 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 Corporate shares will generate the highest return on investment. By undertsting and applying Payden Corporate mutual fund market strength indicators, traders can identify Payden Corporate Bond entry and exit signals to maximize returns
Payden Corporate Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Corporate'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 | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.68) |
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| Volume Indicators |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
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