Payden Gnma One Year Return vs. Five Year Return
| PYGNX Fund | USD 7.62 0.02 0.26% |
For Payden Gnma profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Payden Gnma to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Payden Gnma Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Payden Gnma's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Payden Gnma Fund over time as well as its relative position and ranking within its peers.
Payden |
Payden Gnma Fund Five Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Payden Gnma's current stock value. Our valuation model uses many indicators to compare Payden Gnma value to that of its competitors to determine the firm's financial worth. Payden Gnma Fund is rated top fund in one year return among similar funds. It also is rated top fund in five year return among similar funds . 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 Gnma's earnings, one of the primary drivers of an investment's value.Payden Five Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Payden Gnma |
| = | 7.68 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Payden Gnma |
| = | (0.96) % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Payden Five Year Return Comparison
Payden Gnma is currently under evaluation in five year return among similar funds.
Payden Gnma Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Payden Gnma, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Payden Gnma will eventually generate negative long term returns. The profitability progress is the general direction of Payden Gnma's change in net profit over the period of time. It can combine multiple indicators of Payden Gnma, 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.
The fund invests at least 80 percent of its total assets in Government National Mortgage Association mortgage-backed securities, which are debt securities representing part ownership in a pool of mortgage loans backed by the full faith and credit of the U.S. government. It invests the balance of its assets primarily in other U.S. government Obligations, which are defined as U.S. Treasury bills, notes and bonds, and other bonds and mortgage-backed securities issued or guaranteed by the U.S. government, or by government sponsored enterprises.
Payden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Payden Gnma. 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 Gnma 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 Gnma's important profitability drivers and their relationship over time.
Use Payden Gnma 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 Gnma 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 Gnma will appreciate offsetting losses from the drop in the long position's value.Payden Gnma Pair Trading
Payden Gnma Fund Pair Trading Analysis
The ability to find closely correlated positions to Payden Gnma 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 Gnma 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 Gnma - 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 Gnma Fund to buy it.
The correlation of Payden Gnma 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 Gnma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payden Gnma Fund 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 Gnma 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 Gnma position
In addition to having Payden Gnma 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?
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Recycling
West management companies as well as entities specializing in pollution control and recycling. The Recycling theme has 39 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 Recycling Theme or any other thematic opportunities.
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Other Information on Investing in Payden Mutual Fund
To fully project Payden Gnma's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Payden Gnma Fund 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 Gnma's income statement, its balance sheet, and the statement of cash flows.
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