Payden Strategic Income Fund Market Value
| PYSIX Fund | USD 9.65 0.02 0.21% |
| Symbol | Payden |
Payden Strategic '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 Strategic'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 Strategic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Payden Strategic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Strategic Income or generate 0.0% return on investment in Payden Strategic over 30 days. Payden Strategic is related to or competes with Blackrock, Us Government, Dunham Corporate/govern, Prudential Government, Us Government, Fidelity Series, and Us Government. The fund invests in a wide variety of securities across many asset classes in an unconstrained fashion More
Payden Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2188 | |||
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 0.8316 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.2086 |
Payden Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Strategic's standard deviation. In reality, there are many statistical measures that can use Payden Strategic historical prices to predict the future Payden Strategic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.61) |
Payden Strategic Income Backtested Returns
At this stage we consider Payden Mutual Fund to be out of control. Payden Strategic Income maintains Sharpe Ratio (i.e., Efficiency) of 0.0286, which implies the entity had a 0.0286% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Payden Strategic Income, which you can use to evaluate the volatility of the fund. Please check Payden Strategic's Risk Adjusted Performance of (0.01), downside deviation of 0.2188, and Standard Deviation of 0.1756 to confirm if the risk estimate we provide is consistent with the expected return of 0.005%. The fund holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Payden Strategic are completely uncorrelated.
Auto-correlation | 0.58 |
Modest predictability
Payden Strategic Income has modest predictability. Overlapping area represents the amount of predictability between Payden Strategic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Strategic Income price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Payden Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Strategic Income lagged returns against current returns
Autocorrelation, which is Payden Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Payden Strategic returns to help us make a trade decision. For example, suppose you find that Payden Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Strategic Lagged Returns
When evaluating Payden Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Strategic mutual fund have on its future price. Payden Strategic 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 Strategic autocorrelation shows the relationship between Payden Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Strategic Income.
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 Strategic 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 Strategic security.
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