Payden Floating Rate Fund Manager Performance Evaluation
| PYFRX Fund | USD 9.83 0.01 0.10% |
The fund holds a Beta of -0.0038, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Floating are expected to decrease at a much lower rate. During the bear market, Payden Floating is likely to outperform the market.
Risk-Adjusted Performance
46 of 100
Weak | Strong |
Excellent
Compared to the overall equity markets, risk-adjusted returns on investments in Payden Floating Rate are ranked lower than 46 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Payden Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.7100 |
Payden |
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 0.0343% returns and takes up 0.0585% 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 Current Valuation
Fairly Valued
Today
Please note that Payden Floating's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Payden Floating Rate holds a recent Real Value of $9.8 per share. The prevailing price of the fund is $9.83. We determine the value of Payden Floating Rate from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Payden Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Payden Mutual Fund. However, Payden Floating's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 9.83 | Real 9.8 | Hype 9.83 | Naive 9.84 |
The intrinsic value of Payden Floating's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Payden Floating's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Payden Floating Rate helps investors to forecast how Payden mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Payden Floating more accurately as focusing exclusively on Payden Floating's fundamentals will not take into account other important factors: 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 = 0.5862
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| PYFRX |
Based on monthly moving average Payden Floating is performing at about 46% 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.
Payden Floating Fundamentals Growth
Payden Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Payden Floating, and Payden Floating fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Payden Mutual Fund performance.
| Total Asset | 22.2 M | |||
About Payden Floating Performance
Evaluating Payden Floating's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Payden Floating has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Payden Floating has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its total assets in income producing floating rate loans and other floating rate debt instruments. Floating rate loans are typically debt obligations with interest rates that adjust or float periodically, often on a daily, monthly, quarterly, or semiannual basis by reference to a base lending rate plus a premium. It invests primarily in senior floating rate loans of domestic and foreign borrowers.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.| Payden is showing solid risk-adjusted performance over 90 days | |
| The fund maintains about 9.58% of its assets in cash |
- 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.
Other Information on Investing in Payden Mutual Fund
Payden Floating 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 Floating security.
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