Payden Absolute Return Fund Manager Performance Evaluation
| PYABX Fund | 9.46 0.08 0.84% |
The fund holds a Beta of -0.0176, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Absolute are expected to decrease at a much lower rate. During the bear market, Payden Absolute is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Payden Absolute Return are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental drivers, Payden Absolute is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...morePayden |
Payden Absolute Relative Risk vs. Return Landscape
If you would invest 942.00 in Payden Absolute Return on September 1, 2024 and sell it today you would earn a total of 4.00 from holding Payden Absolute Return or generate 0.42% return on investment over 90 days. Payden Absolute Return is currently producing 0.0068% returns and takes up 0.1292% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Payden, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Payden Absolute Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Absolute's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Payden Absolute Return, and traders can use it to determine the average amount a Payden Absolute's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0527
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYABX |
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.
Things to note about Payden Absolute Return performance evaluation
Checking the ongoing alerts about Payden Absolute for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Payden Absolute Return help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Payden Absolute's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Payden Absolute's mutual fund performance include:- Analyzing Payden Absolute's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Payden Absolute's stock is overvalued or undervalued compared to its peers.
- Examining Payden Absolute's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Payden Absolute's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Payden Absolute's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Payden Absolute's mutual fund. These opinions can provide insight into Payden Absolute's potential for growth and whether the stock is currently undervalued or overvalued.
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