Payden Absolute Return Fund Technical Analysis
| PYARX Fund | USD 9.53 0.00 0.00% |
As of the 27th of November, Payden Absolute holds the Downside Deviation of 0.1155, standard deviation of 0.0681, and Risk Adjusted Performance of 0.1497. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Payden Absolute, as well as the relationship between them.
Payden Absolute Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Payden, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PaydenPayden |
Payden Absolute technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Payden Absolute Return Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-seven. 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 Return Trend Analysis
Use this graph to draw trend lines for Payden Absolute Return. You can use it to identify possible trend reversals for Payden Absolute as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Payden Absolute price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Payden Absolute Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Payden Absolute Return applied against its price change over selected period. The best fit line has a slop of 0 , which means Payden Absolute Return will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.17, which is the sum of squared deviations for the predicted Payden Absolute price change compared to its average price change.About Payden Absolute Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Payden Absolute Return on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Payden Absolute Return based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Payden Absolute Return price pattern first instead of the macroeconomic environment surrounding Payden Absolute Return. By analyzing Payden Absolute's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Payden Absolute's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Payden Absolute specific price patterns or momentum indicators. Please read more on our technical analysis page.
Payden Absolute November 27, 2024 Technical Indicators
Most technical analysis of Payden 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 different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1497 | |||
| Market Risk Adjusted Performance | (3.18) | |||
| Mean Deviation | 0.0518 | |||
| Downside Deviation | 0.1155 | |||
| Coefficient Of Variation | 303.38 | |||
| Standard Deviation | 0.0681 | |||
| Variance | 0.0046 | |||
| Information Ratio | (1.59) | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | 0.0017 | |||
| Sortino Ratio | (0.93) | |||
| Treynor Ratio | (3.19) | |||
| Maximum Drawdown | 0.3171 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1064 | |||
| Downside Variance | 0.0133 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.12) | |||
| Skewness | 0.4836 | |||
| Kurtosis | 0.7107 |
Other Information on Investing in Payden Mutual Fund
Payden Absolute financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Absolute security.
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