Payden Absolute (Ireland) Manager Performance Evaluation

F00000QGOD -- Ireland Fund  

USD 11.31  0.01  0.09%

The fund holds Beta of 0.0 which implies the returns on MARKET and Payden Absolute are completely uncorrelated. Although it is extremely important to respect Payden Absolute Return current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Payden Absolute Return technical indicators you can presently evaluate if the expected return of 0.0127% will be sustainable into the future.
Horizon     30 Days    Login   to change

Payden Absolute Return Relative Risk vs. Return Landscape

If you would invest  1,130  in Payden Absolute Return Bond USD Acc on September 16, 2018 and sell it today you would earn a total of  1.00  from holding Payden Absolute Return Bond USD Acc or generate 0.09% return on investment over 30 days. Payden Absolute Return Bond USD Acc is generating 0.0127% of daily returns and assumes 0.0611% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than Payden Absolute Return Bond USD Acc and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Payden Absolute Return Bond USD Acc is expected to generate 0.06 times more return on investment than the market. However, the company is 16.74 times less risky than the market. It trades about 0.21 of its potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of risk.

Payden Absolute Current Valuation

Not valued
October 16, 2018
11.31
Market Value
0.00
Real Value
Target Odds
  
0.00
Upside
Payden Absolute is Unknown risk asset. Payden Absolute Return recent Real Value cannot be determined due to lack of data. The prevailing price of Payden Absolute Return is $11.31. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. Macroaxis essentially determines value of Payden Absolute Return from analyzing the fund technical indicators and Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.

Payden Absolute Market Risk Analysis

Sharpe Ratio = 0.2072
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Based on monthly moving average Payden Absolute is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Payden Absolute by adding it to a well-diversified portfolio.

Payden Absolute Performance Rating

Payden Absolute Return Bond USD Acc Risk Adjusted Performance Analysis

13 

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Payden Absolute Return Bond USD Acc are ranked lower than 13 (%) of all funds and portfolios of funds over the last 30 days.

Payden Absolute Alerts

Equity Alerts and Improvement Suggestions

Payden Absolute is not yet fully synchronised with the market data
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