Payden Core Bond Fund Market Value
| PYCSX Fund | USD 9.11 0.01 0.11% |
| Symbol | Payden |
Payden Core '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 Core'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 Core.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Payden Core on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Core Bond or generate 0.0% return on investment in Payden Core over 360 days. Payden Core is related to or competes with Angel Oak, Balanced Strategy, Artisan Developing, Federated Emerging, Dodge Cox, Commodities Strategy, and Franklin Emerging. Under normal markets conditions, the fund invests at least 80 percent of its total assets in a wide variety of debt inst... More
Payden Core 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 Core'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 Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.441 |
Payden Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Core's standard deviation. In reality, there are many statistical measures that can use Payden Core historical prices to predict the future Payden Core's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (1.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Core's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Payden Core Bond Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Core Bond maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Payden Core Bond, which you can use to evaluate the volatility of the fund. Please check Payden Core's Variance of 0.0915, coefficient of variation of (6,684), and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The fund holds a Beta of 0.0083, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Core is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Payden Core Bond has poor reverse predictability. Overlapping area represents the amount of predictability between Payden Core time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. 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 Core Bond price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Payden Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Payden Core Bond lagged returns against current returns
Autocorrelation, which is Payden Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Payden Core returns to help us make a trade decision. For example, suppose you find that Payden Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Core Lagged Returns
When evaluating Payden Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Core mutual fund have on its future price. Payden Core 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 Core autocorrelation shows the relationship between Payden Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Core Bond.
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 Mutual Fund
Payden Core 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 Core security.
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