Payden California Three Year Return vs. Net Asset

PYCRX Fund  USD 9.92  0.01  0.10%   
Based on the key profitability measurements obtained from Payden California's financial statements, Payden California Muncipal may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in December. Profitability indicators assess Payden California's ability to earn profits and add value for shareholders.
For Payden California profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Payden California to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Payden California Muncipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Payden California's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Payden California Muncipal over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Payden California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Payden California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Payden California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Payden California Net Asset vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Payden California's current stock value. Our valuation model uses many indicators to compare Payden California value to that of its competitors to determine the firm's financial worth.
Payden California Muncipal is rated top fund in three year return among similar funds. It also is rated top fund in net asset among similar funds making up about  175,068,905  of Net Asset per Three Year Return. 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 California's earnings, one of the primary drivers of an investment's value.

Payden Net Asset vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Payden California

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
0.80 %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Payden California

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
139.74 M
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

Payden Net Asset Comparison

Payden California is currently under evaluation in net asset among similar funds.

Payden California Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Payden California, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Payden California will eventually generate negative long term returns. The profitability progress is the general direction of Payden California's change in net profit over the period of time. It can combine multiple indicators of Payden California, 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 circumstances, the fund invests at least 80 percent of its net assets in California Municipal Securities, which are defined as debt obligations issued by the State of California, local governments and other authorities in California, and their agencies and instrumentalities, or by other issuers, all of which pay interest income exempt from Federal and California personal income tax.

Payden Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Payden California. 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 California 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 California's important profitability drivers and their relationship over time.

Learn to be your own money manager

Our tools can tell you how much better you can do entering a position in Payden California without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Use Investing Themes to Complement your Payden California position

In addition to having Payden California 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.

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Other Information on Investing in Payden Mutual Fund

To fully project Payden California's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Payden California 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 California's income statement, its balance sheet, and the statement of cash flows.
Potential Payden California investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Payden California investors may work on each financial statement separately, they are all related. The changes in Payden California's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Payden California's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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