Payden High Year To Date Return vs. Equity Positions Weight
| PYHRX Fund | USD 6.36 0.01 0.16% |
For Payden High profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Payden High to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Payden High Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Payden High's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Payden High Income over time as well as its relative position and ranking within its peers.
Payden |
Payden High Income Equity Positions Weight vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Payden High's current stock value. Our valuation model uses many indicators to compare Payden High value to that of its competitors to determine the firm's financial worth. Payden High Income is rated top fund in year to date return among similar funds. It also is rated top fund in equity positions weight among similar funds making about 0.09 of Equity Positions Weight per Year To Date Return. The ratio of Year To Date Return to Equity Positions Weight for Payden High Income is roughly 10.84 . 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 High's earnings, one of the primary drivers of an investment's value.Payden Equity Positions Weight vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Payden High |
| = | 8.45 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Payden High |
| = | 0.78 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Payden Equity Positions Weight Comparison
Payden High is currently under evaluation in equity positions weight among similar funds.
Payden High Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Payden High, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Payden High will eventually generate negative long term returns. The profitability progress is the general direction of Payden High's change in net profit over the period of time. It can combine multiple indicators of Payden High, 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 in a wide variety of debt instruments and income-producing securities. It normally invests at least 80 percent of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the funds adviser, Payden Rygel , determines to be of comparable quality.
Payden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Payden High. 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 High 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 High's important profitability drivers and their relationship over time.
Use Payden High 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 High 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 High will appreciate offsetting losses from the drop in the long position's value.Payden High Pair Trading
Payden High Income Pair Trading Analysis
The ability to find closely correlated positions to Payden High 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 High 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 High - 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 High Income to buy it.
The correlation of Payden High 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 High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payden High Income 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 High 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 High position
In addition to having Payden High 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 Energy ETFs Thematic Idea Now
Energy ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Energy ETFs theme has 92 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 Energy ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Payden Mutual Fund
To fully project Payden High's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Payden High Income 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 High's income statement, its balance sheet, and the statement of cash flows.
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