Payden Absolute Return Fund Manager Performance Evaluation
| PYARX Fund | USD 9.45 0.08 0.84% |
The fund holds a Beta of -0.0101, 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
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Payden Absolute Return are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Payden Absolute is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.7000 |
Payden |
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 3.00 from holding Payden Absolute Return or generate 0.32% return on investment over 90 days. Payden Absolute Return is currently producing 0.0051% returns and takes up 0.1273% 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 Current Valuation
Fairly Valued
Today
Please note that Payden Absolute's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Payden Absolute Return holds a recent Real Value of $9.46 per share. The prevailing price of the fund is $9.45. We determine the value of Payden Absolute Return from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Payden Absolute is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Payden Mutual Fund. However, Payden Absolute's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.45 | Real 9.46 | Hype 9.45 | Naive 9.44 |
The intrinsic value of Payden Absolute's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Payden Absolute's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Payden Absolute Return helps investors to forecast how Payden mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Payden Absolute more accurately as focusing exclusively on Payden Absolute's fundamentals will not take into account other important factors: 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 = 0.0403
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYARX |
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
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Payden Absolute 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 Absolute by adding it to a well-diversified portfolio.
Payden Absolute Fundamentals Growth
Payden Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Payden Absolute, and Payden Absolute fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Payden Mutual Fund performance.
| Total Asset | 128.23 M | ||||
About Payden Absolute Performance
Evaluating Payden Absolute's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Payden Absolute has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Payden Absolute has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund will invest at least 80 percent of its investable assets in bonds or investments that provide exposure to bonds. The funds absolute return strategy seeks to have positive absolute returns over the long term, regardless of different market environments. To achieve this goal, the fund seeks to provide total return, whether through price appreciation, or income, or a combination of both.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.| The fund maintains about 26.55% of its assets in cash |
- 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.
Other Information on Investing in Payden Mutual Fund
Payden Absolute 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 Absolute security.
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