Payden Equity Year To Date Return vs. Net Asset
Based on the key profitability measurements obtained from Payden Equity's financial statements, Payden Equity Income 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 Equity's ability to earn profits and add value for shareholders.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.
Please note, there is a significant difference between Payden Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Payden Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Payden Equity'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.
For Payden Equity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Payden Equity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Payden Equity Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Payden Equity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Payden Equity Income over time as well as its relative position and ranking within its peers.
Payden |
Payden Equity Income Net Asset vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Payden Equity's current stock value. Our valuation model uses many indicators to compare Payden Equity value to that of its competitors to determine the firm's financial worth. Payden Equity Income is rated top fund in year to date return among similar funds. It also is rated top fund in net asset among similar funds making up about 67,510,636 of Net Asset per Year To Date 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 Equity's earnings, one of the primary drivers of an investment's value.Payden Net Asset 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 Equity |
| = | 18.78 % |
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.
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 Equity |
| = | 1.27 B |
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 Equity is currently under evaluation in net asset among similar funds.
Payden Equity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Payden Equity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Payden Equity will eventually generate negative long term returns. The profitability progress is the general direction of Payden Equity's change in net profit over the period of time. It can combine multiple indicators of Payden Equity, 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 investment seeks growth of capital and some current income. Payden Equity is traded on NASDAQ Exchange in the United States.
Payden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Payden Equity. 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 Equity 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 Equity's important profitability drivers and their relationship over time.
Use Payden Equity 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 Equity 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 Equity will appreciate offsetting losses from the drop in the long position's value.Payden Equity Pair Trading
Payden Equity Income Pair Trading Analysis
The ability to find closely correlated positions to Payden Equity 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 Equity 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 Equity - 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 Equity Income to buy it.
The correlation of Payden Equity 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 Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payden Equity 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 Equity 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 Equity position
In addition to having Payden Equity 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 Health Management Thematic Idea Now
Health Management
Major hospitals and healthcare providers. The Health Management theme has 48 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 Health Management Theme or any other thematic opportunities.
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Other Information on Investing in Payden Mutual Fund
To fully project Payden Equity's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Payden Equity 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 Equity's income statement, its balance sheet, and the statement of cash flows.
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