Payden Absolute Return Fund Volatility Indicators Average True Range
| PYABX Fund | 9.46 0.08 0.84% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Payden Absolute Return volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Payden Absolute Technical Analysis Modules
Most technical analysis of Payden Absolute help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Payden from various momentum indicators to cycle indicators. When you analyze Payden charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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Payden Absolute Return 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.| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
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