Payden Global Fixed Fund Price on September 16, 2024
| PYGIX Fund | USD 7.69 0.04 0.52% |
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 Global stands at 7.69, as last reported on the 30th of November, with the highest price reaching 7.69 and the lowest price hitting 7.69 during the day. At this stage we consider Payden Mutual Fund to be very steady. Payden Global Fixed maintains Sharpe Ratio (i.e., Efficiency) of 0.0597, which implies the entity had a 0.0597% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Global Fixed, which you can use to evaluate the volatility of the fund. Please check Payden Global's Risk Adjusted Performance of (0.01), semi deviation of 0.1603, and Coefficient Of Variation of 4821.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.0127%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.0597
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| Negative Returns | PYGIX |
Estimated Market Risk
| 0.21 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
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Payden Global 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 Global by adding it to a well-diversified portfolio.
Payden Global Valuation on September 16, 2024
It is possible to determine the worth of Payden Global on a given historical date. On September 16, 2024 Payden was worth 7.73 at the beginning of the trading date compared to the closed value of 7.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Global mutual fund. Still, in general, we apply an absolute valuation method to find Payden Global'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 Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Global's related companies.
| Open | High | Low | Close | Volume | |
| 7.71 | 7.71 | 7.71 | 7.71 | 1.00 | |
09/16/2024 | 7.73 | 7.73 | 7.73 | 7.73 | 1.00 |
| 7.73 | 7.73 | 7.73 | 7.73 | 1.00 |
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Payden Global Trading Date Momentum on September 16, 2024
| On September 17 2024 Payden Global Fixed was traded for 7.73 at the closing time. The highest daily price throughout the period was 7.73 and the lowest price was 7.73 . There was no trading activity during the period 1.0. Lack of trading volume on 09/17/2024 did not cause price change. The trading delta at closing time to current closing price is 0.26% . |
Payden Global Fixed Fundamentals Correlations and Trends
By evaluating Payden Global'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 Global'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 Global Mutual Fund history
Payden Global 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 Global Fixed 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 Global stock prices may prove useful in developing a viable investing in Payden Global
The fund invests at least 80 percent of its total assets in a wide variety of debt instruments and income-producing securities. The fund invests at least 65 percent of its total assets in investment grade debt securities. However, the fund may invest up to 35 percent of its total assets in debt securities rated below investment grade. The overall average credit quality of the fund will remain investment grade.
Payden Global Mutual Fund Technical Analysis
Payden Global 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 Global Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Payden Global Fixed 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 Global November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Global 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 Global shares will generate the highest return on investment. By undertsting and applying Payden Global mutual fund market strength indicators, traders can identify Payden Global Fixed entry and exit signals to maximize returns
Payden Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Global'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 | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | (0.18) |
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| Volume Indicators |
Other Information on Investing in Payden Mutual Fund
Payden Global 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 Global security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
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