Payden Floating Rate Fund Price on November 11, 2024
| PYFRX Fund | USD 9.83 0.01 0.10% |
Below is the normalized historical share price chart for Payden Floating Rate extending back to November 11, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Payden Floating stands at 9.83, as last reported on the 27th of November, with the highest price reaching 9.83 and the lowest price hitting 9.83 during the day.
If you're considering investing in Payden Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Payden Mutual Fund to be very steady. Payden Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.59, which implies the entity had a 0.59% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Payden Floating Rate, which you can use to evaluate the volatility of the fund. Please check Payden Floating's Variance of 0.0034, risk adjusted performance of 0.348, and Coefficient Of Variation of 163.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0343%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.5862
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Based on monthly moving average Payden Floating is performing at about 46% 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 Floating by adding it to a well-diversified portfolio.
Payden Floating Valuation on November 11, 2024
It is possible to determine the worth of Payden Floating on a given historical date. On November 11, 2024 Payden was worth 9.79 at the beginning of the trading date compared to the closed value of 9.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Floating mutual fund. Still, in general, we apply an absolute valuation method to find Payden Floating'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 Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Floating's related companies.
| Open | High | Low | Close | Volume | |
| 9.78 | 9.78 | 9.78 | 9.78 | 1.00 | |
11/11/2024 | 9.79 | 9.79 | 9.79 | 9.79 | 1.00 |
| 9.79 | 9.79 | 9.79 | 9.79 | 1.00 |
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Payden Floating Trading Date Momentum on November 11, 2024
| On November 12 2024 Payden Floating Rate was traded for 9.79 at the closing time. The highest daily price throughout the period was 9.79 and the lowest price was 9.79 . There was no trading activity during the period 1.0. Lack of trading volume on 11/12/2024 did not cause price change. The trading delta at closing time to current closing price is 0.31% . |
Payden Floating Rate Fundamentals Correlations and Trends
By evaluating Payden Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Payden Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Payden financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Payden Floating Mutual Fund history
Payden Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Payden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Payden Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Payden Floating stock prices may prove useful in developing a viable investing in Payden Floating
The fund invests at least 80 percent of its total assets in income producing floating rate loans and other floating rate debt instruments. Floating rate loans are typically debt obligations with interest rates that adjust or float periodically, often on a daily, monthly, quarterly, or semiannual basis by reference to a base lending rate plus a premium. It invests primarily in senior floating rate loans of domestic and foreign borrowers.
Payden Floating Mutual Fund Technical Analysis
Payden Floating technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Payden Floating Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Payden Floating Rate 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 Floating November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Floating 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 Floating shares will generate the highest return on investment. By undertsting and applying Payden Floating mutual fund market strength indicators, traders can identify Payden Floating Rate entry and exit signals to maximize returns
Payden Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Floating'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 | 0.348 | |||
| Jensen Alpha | 0.0264 | |||
| Total Risk Alpha | 0.0167 | |||
| Treynor Ratio | (6.81) |
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Other Information on Investing in Payden Mutual Fund
Payden Floating 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 Floating security.
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