Payden Equity Income Fund Market Value
| PYVSX Fund | USD 20.08 0.07 0.35% |
| Symbol | Payden |
Payden Equity '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 Equity'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 Equity.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Payden Equity on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Payden Equity Income or generate 0.0% return on investment in Payden Equity over 30 days. Payden Equity is related to or competes with Payden Equity, Select Fund, Select Fund, Sentinel Common, and Siit Dynamic. The fund invests primarily in large capitalization value stocks, defined as stocks with sustainable cash flows that have the ability to pay and grow their dividends over time, and other income producing equity securities, including by way of example, preferred stocks, real estate investment trusts and master limited partnerships. More
Payden Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5849 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.06 |
Payden Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Equity's standard deviation. In reality, there are many statistical measures that can use Payden Equity historical prices to predict the future Payden Equity's volatility.| Risk Adjusted Performance | 0.1417 | |||
| Jensen Alpha | 0.0187 | |||
| Total Risk Alpha | 0.0093 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1455 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Equity'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 Equity Income Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Equity Income maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payden Equity Income, which you can use to evaluate the volatility of the fund. Please check Payden Equity's Coefficient Of Variation of 531.58, semi deviation of 0.374, and Risk Adjusted Performance of 0.1417 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Payden Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Equity is expected to be smaller as well.
Auto-correlation | 0.96 |
Excellent predictability
Payden Equity Income has excellent predictability. Overlapping area represents the amount of predictability between Payden Equity 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 Equity Income price movement. The serial correlation of 0.96 indicates that 96.0% of current Payden Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Payden Equity Income lagged returns against current returns
Autocorrelation, which is Payden Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Payden Equity returns to help us make a trade decision. For example, suppose you find that Payden Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Equity Lagged Returns
When evaluating Payden Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Equity mutual fund have on its future price. Payden Equity 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 Equity autocorrelation shows the relationship between Payden Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Equity 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 Equity 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 Equity security.
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