Payden Limited Maturity Fund Market Value
| PYLSX Fund | USD 9.56 0.00 0.00% |
| Symbol | Payden |
Payden Limited '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 Limited'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 Limited.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Payden Limited on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Limited Maturity or generate 0.0% return on investment in Payden Limited over 300 days. Payden Limited is related to or competes with Payden Corporate, Payden Absolute, Payden Absolute, Payden Emerging, and Payden Regal. The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S More
Payden Limited 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 Limited'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 Limited Maturity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.04) | |||
| Maximum Drawdown | 0.6318 | |||
| Potential Upside | 0.1056 |
Payden Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Limited's standard deviation. In reality, there are many statistical measures that can use Payden Limited historical prices to predict the future Payden Limited's volatility.| Risk Adjusted Performance | 0.0967 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Limited'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 Limited Maturity Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Limited Maturity maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Payden Limited Maturity, which you can use to evaluate the volatility of the fund. Please check Payden Limited's Coefficient Of Variation of 477.25, risk adjusted performance of 0.0967, and Variance of 0.0108 to confirm if the risk estimate we provide is consistent with the expected return of 0.0218%. The fund holds a Beta of -0.0123, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Limited are expected to decrease at a much lower rate. During the bear market, Payden Limited is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Payden Limited Maturity has excellent predictability. Overlapping area represents the amount of predictability between Payden Limited time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Limited Maturity price movement. The serial correlation of 0.96 indicates that 96.0% of current Payden Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Payden Limited Maturity lagged returns against current returns
Autocorrelation, which is Payden Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Payden Limited returns to help us make a trade decision. For example, suppose you find that Payden Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Limited Lagged Returns
When evaluating Payden Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Limited mutual fund have on its future price. Payden Limited 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 Limited autocorrelation shows the relationship between Payden Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Limited Maturity.
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 Limited 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 Limited security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |