| PYARX Fund | | | USD 9.53 0.01 0.10% |
Payden Absolute kurtosis technical analysis lookup allows you to check this and other technical indicators for Payden Absolute Return or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Payden Absolute Return has current Kurtosis of 0.5434. Kurtosis is a measure of the return distribution. In a similar way to the concept of skewness, kurtosis is a descriptor of the shape of a return distribution. There are various interpretations of kurtosis, and of how particular measures should be interpreted; these are primarily peakedness (width of peak), tail weight, and lack of shoulders (distribution primarily peak and tails, not in between).
Payden Absolute Kurtosis Peers Comparison
Payden Kurtosis Relative To Other Indicators
Payden Absolute Return is regarded
fourth largest fund in kurtosis among similar funds. It is rated
below average in maximum drawdown among similar funds reporting about
0.58 of Maximum Drawdown per Kurtosis. The ratio of Kurtosis to Maximum Drawdown for Payden Absolute Return is roughly
1.71 A high kurtosis typically shows a distribution of returns with fat tails, whereas a low kurtosis portrays a distribution with skinny tails or a distribution concentrated toward the mean.
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