Payden Strategic Income Fund Price on November 8, 2024
| PYSIX Fund | USD 9.66 0.04 0.42% |
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 Strategic stands at 9.66, as last reported on the 27th of November, with the highest price reaching 9.66 and the lowest price hitting 9.66 during the day. At this stage we consider Payden Mutual Fund to be very steady. Payden Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0485, which implies the entity had a 0.0485% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Strategic Income, which you can use to evaluate the volatility of the fund. Please check Payden Strategic's Coefficient Of Variation of 2060.47, risk adjusted performance of 0.0029, and Semi Deviation of 0.1226 to confirm if the risk estimate we provide is consistent with the expected return of 0.0084%.
Payden Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Payden |
Sharpe Ratio = 0.0485
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Estimated Market Risk
| 0.17 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 | 3 97% of assets perform better |
Based on monthly moving average Payden Strategic is performing at about 3% 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 Strategic by adding it to a well-diversified portfolio.
Payden Strategic Valuation on November 8, 2024
It is possible to determine the worth of Payden Strategic on a given historical date. On November 8, 2024 Payden was worth 9.65 at the beginning of the trading date compared to the closed value of 9.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Payden Strategic mutual fund. Still, in general, we apply an absolute valuation method to find Payden Strategic'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 Strategic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Payden Strategic's related companies.
| Open | High | Low | Close | Volume | |
| 9.63 | 9.63 | 9.63 | 9.63 | 1.00 | |
11/08/2024 | 9.65 | 9.65 | 9.65 | 9.65 | 1.00 |
| 9.65 | 9.65 | 9.65 | 9.65 | 1.00 |
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Payden Strategic Trading Date Momentum on November 8, 2024
| On November 11 2024 Payden Strategic Income was traded for 9.65 at the closing time. The highest daily price throughout the period was 9.65 and the lowest price was 9.65 . There was no trading activity during the period 1.0. Lack of trading volume on 11/11/2024 did not cause price change. The trading delta at closing time to current closing price is 0.41% . |
Payden Strategic Income Fundamentals Correlations and Trends
By evaluating Payden Strategic'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 Strategic'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 Strategic Mutual Fund history
Payden Strategic 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 Strategic Income 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 Strategic stock prices may prove useful in developing a viable investing in Payden Strategic
Payden Strategic Mutual Fund Technical Analysis
Payden Strategic 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 Strategic Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Payden Strategic Income 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 Strategic November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Payden Strategic 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 Strategic shares will generate the highest return on investment. By undertsting and applying Payden Strategic mutual fund market strength indicators, traders can identify Payden Strategic Income entry and exit signals to maximize returns
Payden Strategic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Payden Strategic'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 | 0.0029 | |||
| Jensen Alpha | (0.000047) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | 0.1241 |
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Other Information on Investing in Payden Mutual Fund
Payden Strategic 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 Strategic security.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |