Payden Absolute Return Fund Market Value
| PYAIX Fund | USD 9.41 0.04 0.42% |
| Symbol | 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.
| 11/06/2025 |
| 02/04/2026 |
If you would invest 0.00 in Payden Absolute on November 6, 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 Prudential Emerging, Tweedy Browne, and Prudential Emerging. 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 | (0.37) | |||
| Maximum Drawdown | 0.6354 | |||
| Potential Upside | 0.1075 |
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 | 0.1241 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | 0.008 | |||
| Treynor Ratio | 0.4197 |
Payden Absolute February 4, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1241 | |||
| Market Risk Adjusted Performance | 0.4297 | |||
| Mean Deviation | 0.0531 | |||
| Coefficient Of Variation | 361.66 | |||
| Standard Deviation | 0.0826 | |||
| Variance | 0.0068 | |||
| Information Ratio | (0.37) | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | 0.008 | |||
| Treynor Ratio | 0.4197 | |||
| Maximum Drawdown | 0.6354 | |||
| Potential Upside | 0.1075 | |||
| Skewness | (2.35) | |||
| Kurtosis | 13.58 |
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 0.26, which implies the entity had a 0.26 % 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 361.66, risk adjusted performance of 0.1241, and Variance of 0.0068 to confirm if the risk estimate we provide is consistent with the expected return of 0.0214%. The fund holds a Beta of 0.0306, 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 | 0.70 |
Good predictability
Payden Absolute Return has good predictability. Overlapping area represents the amount of predictability between Payden Absolute time series from 6th of November 2025 to 21st of December 2025 and 21st of December 2025 to 4th 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 0.7 indicates that around 70.0% of current Payden Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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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