Paydenkravitz Cash Balance Fund Market Value
| PKBIX Fund | USD 10.67 0.01 0.09% |
| Symbol | Payden/kravitz |
Payden/kravitz Cash '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/kravitz Cash'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/kravitz Cash.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Payden/kravitz Cash on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Paydenkravitz Cash Balance or generate 0.0% return on investment in Payden/kravitz Cash over 30 days. Payden/kravitz Cash is related to or competes with Payden Corporate, Payden Absolute, Payden Absolute, Payden Emerging, Payden Regal, Payden Core, and Payden Emerging. The fund is designed as an investment vehicle for cash balance pension plans More
Payden/kravitz Cash 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/kravitz Cash'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 Paydenkravitz Cash Balance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.123 | |||
| Information Ratio | (1.22) | |||
| Maximum Drawdown | 0.4722 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.1903 |
Payden/kravitz Cash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden/kravitz Cash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden/kravitz Cash's standard deviation. In reality, there are many statistical measures that can use Payden/kravitz Cash historical prices to predict the future Payden/kravitz Cash's volatility.| Risk Adjusted Performance | 0.1421 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | 5.0E-4 | |||
| Sortino Ratio | (0.91) | |||
| Treynor Ratio | (3.30) |
Payden/kravitz Cash Backtested Returns
At this stage we consider Payden/kravitz Mutual Fund to be very steady. Payden/kravitz Cash maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden/kravitz Cash, which you can use to evaluate the volatility of the fund. Please check Payden/kravitz Cash's Risk Adjusted Performance of 0.1421, standard deviation of 0.0916, and Downside Deviation of 0.123 to confirm if the risk estimate we provide is consistent with the expected return of 0.024%. The fund holds a Beta of -0.0048, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden/kravitz Cash are expected to decrease at a much lower rate. During the bear market, Payden/kravitz Cash is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Paydenkravitz Cash Balance has modest predictability. Overlapping area represents the amount of predictability between Payden/kravitz Cash time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. 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/kravitz Cash price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Payden/kravitz Cash price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden/kravitz Cash lagged returns against current returns
Autocorrelation, which is Payden/kravitz Cash mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Payden/kravitz Cash's mutual fund expected returns. We can calculate the autocorrelation of Payden/kravitz Cash returns to help us make a trade decision. For example, suppose you find that Payden/kravitz Cash has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Payden/kravitz Cash regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Payden/kravitz Cash mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden/kravitz Cash mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payden/kravitz Cash mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden/kravitz Cash Lagged Returns
When evaluating Payden/kravitz Cash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden/kravitz Cash mutual fund have on its future price. Payden/kravitz Cash autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Payden/kravitz Cash autocorrelation shows the relationship between Payden/kravitz Cash mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Paydenkravitz Cash Balance.
Regressed Prices |
| Timeline |
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/kravitz Mutual Fund
Payden/kravitz Cash financial ratios help investors to determine whether Payden/kravitz 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/kravitz with respect to the benefits of owning Payden/kravitz Cash security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
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| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |