Payden Government Fund Quote
| PYUSX Fund | USD 9.25 0.02 0.22% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Payden Government is trading at 9.25 as of the 19th of April 2024; that is -0.22% down since the beginning of the trading day. The fund's open price was 9.27. Payden Government has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Payden Government Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests 100 percent of its total assets in U.S. government obligations, which are defined as U.S. Treasury bills, notes and bonds, and other bonds and obligations issued or guaranteed by the U.S. government, or 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. More on Payden Government Fund
Moving together with Payden Mutual Fund
| 0.86 | PYACX | Payden Porate Bond | PairCorr |
| 0.86 | PYCBX | Payden E Bond | PairCorr |
Payden Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Payden Government's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Payden Government or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Government Funds (View all Themes) |
| Fund Concentration | Paydenfunds Funds, Large Funds, Short Government Funds, Government Funds, Short Government, Paydenfunds, Large, Short Government (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Payden Government Fund [PYUSX] is traded in USA and was established 19th of April 2024. Payden Government is listed under Paydenfunds category by Fama And French industry classification. The fund is listed under Short Government category and is part of Paydenfunds family. The entity is thematically classified as Government Funds. This fund at this time has accumulated 60.42 M in assets with minimum initial investment of 100 K. Payden Government is currently producing year-to-date (YTD) return of 0.09% with the current yeild of 0.01%, while the total return for the last 3 years was -1.13%.
Check Payden Government Probability Of Bankruptcy
Instrument Allocation
Payden Government Target Price Odds Analysis
Based on a normal probability distribution, the odds of Payden Government jumping above the current price in 90 days from now is about 92.93%. The Payden Government Fund probability density function shows the probability of Payden Government mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Payden Government has a beta of 0.095 indicating as returns on the market go up, Payden Government average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Payden Government Fund will be expected to be much smaller as well. Additionally, payden Government Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Payden Government to move above the current price in 90 days from now is about 92.93 (This Payden Government Fund probability density function shows the probability of Payden Mutual Fund to fall within a particular range of prices over 90 days) .
Payden Government Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Payden Government market risk premium is the additional return an investor will receive from holding Payden Government long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Payden Government. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Payden Government's alpha and beta are two of the key measurements used to evaluate Payden Government's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1416 | |||
| Standard Deviation | 0.194 | |||
| Variance | 0.0376 | |||
| Risk Adjusted Performance | (0.05) |
Payden Government Against Markets
Picking the right benchmark for Payden Government mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Payden Government mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Payden Government is critical whether you are bullish or bearish towards Payden Government Fund at a given time. Please also check how Payden Government's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Payden Government without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
How to buy Payden Mutual Fund?
Before investing in Payden Government, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Payden Government. To buy Payden Government fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Payden Government. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Payden Government fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Payden Government Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Payden Government Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Payden Government Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Payden Government Fund?
The danger of trading Payden Government Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Payden Government is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Payden Government. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Payden Government is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payden Government Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.