The fund holds Beta of 0.0044 which implies as returns on market increase, Payden Absolute returns are expected to increase less than the market. However during bear market, the loss on holding Payden Absolute will be expected to be smaller as well.. 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.