Payden Corporate Bond Fund Manager Performance Evaluation
| PYAYX Fund | 9.91 0.06 0.60% |
The fund holds a Beta of -0.0885, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Corporate are expected to decrease at a much lower rate. During the bear market, Payden Corporate is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Payden Corporate Bond has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Payden Corporate is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...morePayden |
Payden Corporate Relative Risk vs. Return Landscape
If you would invest 992.00 in Payden Corporate Bond on December 1, 2024 and sell it today you would lose (1.00) from holding Payden Corporate Bond or give up 0.1% of portfolio value over 90 days. Payden Corporate Bond is currently producing negative expected returns and takes up 0.3371% volatility of returns over 90 trading days. Put another way, 3% 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 Corporate Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Corporate's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Payden Corporate Bond, and traders can use it to determine the average amount a Payden Corporate'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 = -0.0033
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYAYX |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Payden Corporate is not performing at its full potential. However, 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 Corporate by adding Payden Corporate to a well-diversified portfolio.
Things to note about Payden Corporate Bond performance evaluation
Checking the ongoing alerts about Payden Corporate for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Payden Corporate Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Payden Corporate generated a negative expected return over the last 90 days |
- Analyzing Payden Corporate'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 Corporate's stock is overvalued or undervalued compared to its peers.
- Examining Payden Corporate'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 Corporate's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Payden Corporate's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Payden Corporate's mutual fund. These opinions can provide insight into Payden Corporate's potential for growth and whether the stock is currently undervalued or overvalued.
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