Payden High Income Fund Manager Performance Evaluation
| PYHRX Fund | USD 6.35 0.04 0.63% |
The fund holds a Beta of 0.0792, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden High is expected to be smaller as well.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Payden High Income are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Payden High 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 | 0.6000 |
Payden |
Payden High Relative Risk vs. Return Landscape
If you would invest 631.00 in Payden High Income on August 29, 2024 and sell it today you would earn a total of 4.00 from holding Payden High Income or generate 0.63% return on investment over 90 days. Payden High Income is currently producing 0.01% returns and takes up 0.1629% 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 High Current Valuation
Overvalued
Today
Please note that Payden High's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Payden High Income holds a recent Real Value of $5.87 per share. The prevailing price of the fund is $6.35. We determine the value of Payden High Income 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 High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Payden Mutual Fund. However, Payden High'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 6.35 | Real 5.87 | Hype 6.39 | Naive 6.38 |
The intrinsic value of Payden High'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 High'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 High Income 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 High more accurately as focusing exclusively on Payden High's fundamentals will not take into account other important factors: Payden High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden High's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Payden High Income, and traders can use it to determine the average amount a Payden High'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 = 0.0614
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PYHRX |
Estimated Market Risk
| 0.16 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 High 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 High by adding it to a well-diversified portfolio.
Payden High Fundamentals Growth
Payden Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Payden High, and Payden High 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.
| Price To Earning | 13.18 X | |||
| Price To Book | 2.51 X | |||
| Price To Sales | 2.47 X | |||
| Total Asset | 224.01 M | |||
About Payden High Performance
Evaluating Payden High's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Payden High 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 High 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.
The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80 percent of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the funds adviser, Payden Rygel , determines to be of comparable quality.Things to note about Payden High Income performance evaluation
Checking the ongoing alerts about Payden High for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Payden High Income 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 11.6% of its assets in bonds |
- Analyzing Payden High'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 High's stock is overvalued or undervalued compared to its peers.
- Examining Payden High'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 High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Payden High's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Payden High's mutual fund. These opinions can provide insight into Payden High's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Payden Mutual Fund
Payden High 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 High security.
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