Payden Absolute (Ireland) Manager Performance Evaluation

F00000QGOD -- Ireland Fund  

USD 11.22  0.04  0.36%

The fund holds Beta of -0.001 which implies as returns on market increase, returns on owning Payden Absolute are expected to decrease at a much smaller rate. During bear market, Payden Absolute is likely to outperform the market. 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 0.0% will be sustainable into the future.

Risk-Adjusted Fund Performance

Over the last 30 days Payden Absolute Return Bond USD Acc has generated negative risk-adjusted returns adding no value to fund investors. Inspite very unfluctuating forward-looking indicators, Payden Absolute is not utilizing all of its potentials. The current stock price disarray, may contribute to short period losses for the insiders.
Fifty Two Week Low11.23
Fifty Two Week High11.24
Horizon     30 Days    Login   to change

Payden Absolute Return Relative Risk vs. Return Landscape

If you would invest  1,122  in Payden Absolute Return Bond USD Acc on May 27, 2019 and sell it today you would earn a total of  0.00  from holding Payden Absolute Return Bond USD Acc or generate 0.0% return on investment over 30 days. Payden Absolute Return Bond USD Acc is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than Payden Absolute and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 

Payden Absolute Current Valuation

Not valued
June 26, 2019
Market Value
Real Value
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 $11.22. 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 = 0.0
Good Returns
Average Returns
Small Returns
Based on monthly moving average Payden Absolute is performing at about 0% 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 Alerts

Equity Alerts and Improvement Suggestions

Payden Absolute is not yet fully synchronised with the market data
Additionally see Investing Opportunities. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.