Payden Floating Rate Fund Manager Performance Evaluation
| PYBLX Fund | 9.77 0.06 0.61% |
The fund holds a Beta of 0.019, which implies not very significant fluctuations relative to the market. As returns on the market increase, Payden Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Payden Floating is expected to be smaller as well.
Risk-Adjusted Performance
43 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Payden Floating Rate are ranked lower than 43 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong essential indicators, Payden Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...morePayden |
Payden Floating Relative Risk vs. Return Landscape
If you would invest 962.00 in Payden Floating Rate on August 29, 2024 and sell it today you would earn a total of 21.00 from holding Payden Floating Rate or generate 2.18% return on investment over 90 days. Payden Floating Rate is currently producing 0.0338% returns and takes up 0.061% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Payden, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Payden Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Floating's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Payden Floating Rate, and traders can use it to determine the average amount a Payden Floating's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.5533
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| PYBLX |
Based on monthly moving average Payden Floating is performing at about 43% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Floating by adding it to a well-diversified portfolio.
Things to note about Payden Floating Rate performance evaluation
Checking the ongoing alerts about Payden Floating for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Payden Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Payden Floating's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Payden Floating's mutual fund performance include:- Analyzing Payden Floating's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Payden Floating's stock is overvalued or undervalued compared to its peers.
- Examining Payden Floating's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Payden Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Payden Floating's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Payden Floating's mutual fund. These opinions can provide insight into Payden Floating's potential for growth and whether the stock is currently undervalued or overvalued.
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