Payden Absolute Equity Positions Weight vs. Bond Positions Weight
| PYARX Fund | USD 9.53 0.01 0.10% |
For Payden Absolute profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Payden Absolute to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Payden Absolute Return utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Payden Absolute's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Payden Absolute Return over time as well as its relative position and ranking within its peers.
Payden |
Payden Absolute Return Bond Positions Weight vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Payden Absolute's current stock value. Our valuation model uses many indicators to compare Payden Absolute value to that of its competitors to determine the firm's financial worth. Payden Absolute Return is rated top fund in equity positions weight among similar funds. It also is rated top fund in bond positions weight among similar funds creating about 6,484 of Bond Positions Weight per Equity Positions Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Payden Absolute's earnings, one of the primary drivers of an investment's value.Payden Bond Positions Weight vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Payden Absolute |
| = | 0.01 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Payden Absolute |
| = | 64.84 % |
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
Payden Bond Positions Weight Comparison
Payden Absolute is currently under evaluation in bond positions weight among similar funds.
Payden Absolute Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Payden Absolute, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Payden Absolute will eventually generate negative long term returns. The profitability progress is the general direction of Payden Absolute's change in net profit over the period of time. It can combine multiple indicators of Payden Absolute, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal market conditions, the fund will invest at least 80 percent of its investable assets in bonds or investments that provide exposure to bonds. The funds absolute return strategy seeks to have positive absolute returns over the long term, regardless of different market environments. To achieve this goal, the fund seeks to provide total return, whether through price appreciation, or income, or a combination of both.
Payden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Payden Absolute. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Payden Absolute position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Payden Absolute's important profitability drivers and their relationship over time.
Use Payden Absolute in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Payden Absolute position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Payden Absolute will appreciate offsetting losses from the drop in the long position's value.Payden Absolute Pair Trading
Payden Absolute Return Pair Trading Analysis
The ability to find closely correlated positions to Payden Absolute could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payden Absolute when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Payden Absolute - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Payden Absolute Return to buy it.
The correlation of Payden Absolute is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Payden Absolute moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payden Absolute Return moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Payden Absolute can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Payden Absolute position
In addition to having Payden Absolute in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Precious Metals Funds Thematic Idea Now
Precious Metals Funds
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Precious Metals Funds Theme or any other thematic opportunities.
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Other Information on Investing in Payden Mutual Fund
To fully project Payden Absolute's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Payden Absolute Return at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Payden Absolute's income statement, its balance sheet, and the statement of cash flows.
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