Payden Absolute Return Fund Key Fundamental Indicators
| PYAIX Fund | USD 9.44 0.01 0.11% |
As of the 14th of February 2026, Payden Absolute holds the Variance of 0.0037, risk adjusted performance of 0.2644, and Coefficient Of Variation of 208.57. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Payden Absolute, as well as the relationship between them.
Payden Absolute's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Payden Absolute's valuation are provided below:Payden Absolute Return does not presently have any trending fundamental ratios for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Payden |
Payden Absolute 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Payden Absolute's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Payden Absolute.
| 11/16/2025 |
| 02/14/2026 |
If you would invest 0.00 in Payden Absolute on November 16, 2025 and sell it all today you would earn a total of 0.00 from holding Payden Absolute Return or generate 0.0% return on investment in Payden Absolute over 90 days. Payden Absolute is related to or competes with Hennessy Technology, Janus Global, Ivy Science, Mfs Technology, Towpath Technology, Health Biotchnology, and Allianzgi Technology. Under normal market conditions, the fund will invest at least 80 percent of its investable assets in bonds or investment... More
Payden Absolute Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Payden Absolute's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Payden Absolute Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.67) | |||
| Maximum Drawdown | 0.3189 | |||
| Potential Upside | 0.1078 |
Payden Absolute Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Absolute's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Absolute's standard deviation. In reality, there are many statistical measures that can use Payden Absolute historical prices to predict the future Payden Absolute's volatility.| Risk Adjusted Performance | 0.2644 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | 0.0147 | |||
| Treynor Ratio | 4.26 |
Payden Absolute February 14, 2026 Technical Indicators
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.2644 | |||
| Market Risk Adjusted Performance | 4.27 | |||
| Mean Deviation | 0.0504 | |||
| Coefficient Of Variation | 208.57 | |||
| Standard Deviation | 0.0609 | |||
| Variance | 0.0037 | |||
| Information Ratio | (0.67) | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | 0.0147 | |||
| Treynor Ratio | 4.26 | |||
| Maximum Drawdown | 0.3189 | |||
| Potential Upside | 0.1078 | |||
| Skewness | 0.4623 | |||
| Kurtosis | 0.4086 |
Payden Absolute Return Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Absolute Return maintains Sharpe Ratio (i.e., Efficiency) of 0.5, which implies the entity had a 0.5 % return per unit of risk over the last 3 months. We have found twenty technical indicators for Payden Absolute Return, which you can use to evaluate the volatility of the fund. Please check Payden Absolute's Coefficient Of Variation of 208.57, risk adjusted performance of 0.2644, and Variance of 0.0037 to confirm if the risk estimate we provide is consistent with the expected return of 0.0316%. The fund holds a Beta of 0.0045, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Absolute's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Absolute is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Payden Absolute Return has very good predictability. Overlapping area represents the amount of predictability between Payden Absolute time series from 16th of November 2025 to 31st of December 2025 and 31st of December 2025 to 14th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Payden Absolute Return price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Payden Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Payden Absolute Return has an Annual Yield of 0.0687%. This is much higher than that of the Paydenfunds family and significantly higher than that of the Nontraditional Bond category. The annual yield for all United States funds is notably lower than that of the firm.
Payden Absolute Return Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Payden Absolute's current stock value. Our valuation model uses many indicators to compare Payden Absolute value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Payden Absolute competition to find correlations between indicators driving Payden Absolute's intrinsic value. More Info.Payden Absolute Return is rated top fund in annual yield among similar funds. It also is rated top fund in year to date return among similar funds creating about 11.04 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Payden Absolute's earnings, one of the primary drivers of an investment's value.Payden Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Payden Absolute's current stock value. Our valuation model uses many indicators to compare Payden Absolute value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Payden Absolute competition to find correlations between indicators driving Payden Absolute's intrinsic value. More Info.Payden Absolute Return is rated top fund in annual yield among similar funds. It also is rated top fund in year to date return among similar funds creating about 11.04 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Payden Absolute's earnings, one of the primary drivers of an investment's value.Fund Asset Allocation for Payden Absolute
.Asset allocation divides Payden Absolute's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors for a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will manage securities in the fund's portfolio as market conditions and the fund's objectives change.
Payden Fundamentals
| Total Asset | 827.16 M | ||||
| Annual Yield | 0.07 % | ||||
| Year To Date Return | 0.76 % | ||||
| One Year Return | 6.38 % | ||||
| Three Year Return | 6.17 % | ||||
| Five Year Return | 3.78 % | ||||
| Net Asset | 145.41 M | ||||
| Last Dividend Paid | 0.02 | ||||
| Cash Position Weight | 21.60 % | ||||
| Equity Positions Weight | 0.02 % | ||||
| Bond Positions Weight | 14.72 % |
About Payden Absolute Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Payden Absolute Return's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Payden Absolute using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Payden Absolute Return based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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