The Payden Rygel Fund Market Value
| PYLDX Fund | USD 9.77 0.02 0.21% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Payden Rygel on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding The Payden Rygel or generate 0.0% return on investment in Payden Rygel over 30 days. Payden Rygel is related to or competes with Artisan Emerging, Vanguard Emerging, T Rowe, Angel Oak, Ep Emerging, Dodge Cox, and Black Oak. The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S 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 The Payden Rygel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.128 | |||
| Information Ratio | (0.99) | |||
| Maximum Drawdown | 0.717 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2049 |
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) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.96) | |||
| Treynor Ratio | 0.336 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Rygel'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 Rygel Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Rygel maintains Sharpe Ratio (i.e., Efficiency) of 0.0657, which implies the entity had a 0.0657% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden Rygel, which you can use to evaluate the volatility of the fund. Please check Payden Rygel's Standard Deviation of 0.1235, downside deviation of 0.128, and Market Risk Adjusted Performance of 0.346 to confirm if the risk estimate we provide is consistent with the expected return of 0.0082%. The fund holds a Beta of -0.0064, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Rygel are expected to decrease at a much lower rate. During the bear market, Payden Rygel is likely to outperform the market.
Auto-correlation | -0.06 |
Very weak reverse predictability
The Payden Rygel has very weak reverse predictability. Overlapping area represents the amount of predictability between Payden Rygel time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Payden Rygel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Rygel 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 The Payden Rygel.
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.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |