Payden Government Fund Market Value
| PYUSX Fund | USD 9.44 0.02 0.21% |
| Symbol | Payden |
Payden Us '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 Us' 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 Us.
| 01/17/2024 |
| 03/12/2025 |
If you would invest 0.00 in Payden Us on January 17, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Government Fund or generate 0.0% return on investment in Payden Us over 420 days. Payden Us is related to or competes with Nuveen Strategic, California Municipal, Federated Government, Nationwide Government, and Us Government. The fund invests 100 percent of its total assets in U.S More
Payden Us 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 Us' 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 Government Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1597 | |||
| Information Ratio | 0.7577 | |||
| Maximum Drawdown | 0.6424 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2141 |
Payden Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Us' standard deviation. In reality, there are many statistical measures that can use Payden Us historical prices to predict the future Payden Us' volatility.| Risk Adjusted Performance | 0.0086 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.017 | |||
| Sortino Ratio | 0.6516 | |||
| Treynor Ratio | 0.0144 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Us' 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 Government Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Government maintains Sharpe Ratio (i.e., Efficiency) of 0.0985, which implies the entity had a 0.0985 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Government, which you can use to evaluate the volatility of the fund. Please check Payden Us' Semi Deviation of 0.0554, risk adjusted performance of 0.0086, and Coefficient Of Variation of 1406.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.0145%. The fund holds a Beta of -0.0164, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Us are expected to decrease at a much lower rate. During the bear market, Payden Us is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
Payden Government Fund has average predictability. Overlapping area represents the amount of predictability between Payden Us time series from 17th of January 2024 to 14th of August 2024 and 14th of August 2024 to 12th of March 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 Government price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Payden Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Government lagged returns against current returns
Autocorrelation, which is Payden Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Payden Us returns to help us make a trade decision. For example, suppose you find that Payden Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Us Lagged Returns
When evaluating Payden Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Us mutual fund have on its future price. Payden Us 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 Us autocorrelation shows the relationship between Payden Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Government Fund.
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 Us 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 Us security.
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