Payden Rygel Investment Fund Market Value
| PYILX Fund | USD 4.55 0.02 0.44% |
| Symbol | Payden |
Payden Rygel '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 Rygel'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 Rygel.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Payden Rygel on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Payden Rygel Investment or generate 0.0% return on investment in Payden Rygel over 390 days. Payden Rygel is related to or competes with Payden Corporate, Payden Absolute, Payden Absolute, Payden Emerging, Payden Regal, Payden Core, and Payden Emerging. The fund invests at least 80 percent of its total assets in a wide variety of Bonds More
Payden Rygel 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 Rygel'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 Rygel Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.96 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.6424 |
Payden Rygel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Rygel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Rygel's standard deviation. In reality, there are many statistical measures that can use Payden Rygel historical prices to predict the future Payden Rygel's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.38) |
Payden Rygel Investment Backtested Returns
Payden Rygel Investment maintains Sharpe Ratio (i.e., Efficiency) of -0.0934, which implies the entity had a -0.0934% return per unit of risk over the last 3 months. Payden Rygel Investment exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payden Rygel's Coefficient Of Variation of (804.45), variance of 0.1515, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The fund holds a Beta of 0.0424, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Rygel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Rygel is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
Payden Rygel Investment has weak predictability. Overlapping area represents the amount of predictability between Payden Rygel time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Rygel Investment price movement. The serial correlation of 0.24 indicates that over 24.0% of current Payden Rygel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Payden Rygel Investment lagged returns against current returns
Autocorrelation, which is Payden Rygel 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 Rygel's mutual fund expected returns. We can calculate the autocorrelation of Payden Rygel returns to help us make a trade decision. For example, suppose you find that Payden Rygel 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 Rygel 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 Rygel mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Rygel 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 Rygel mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Rygel Lagged Returns
When evaluating Payden Rygel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Rygel mutual fund have on its future price. Payden Rygel 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 Rygel autocorrelation shows the relationship between Payden Rygel mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Rygel Investment.
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 Rygel 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 Rygel security.
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