|F00000QGOD -- Ireland Fund|| |
USD 11.25 0.00 0.00%
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 0.0% will be sustainable into the future.
Payden Absolute Return Relative Risk vs. Return Landscape
If you would invest 1,125
in Payden Absolute Return Bond USD Acc on June 16, 2018
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 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 (%)
Payden Absolute Current Valuation
July 16, 2018
Payden Absolute Market Risk Analysis
Sharpe Ratio = 0.0
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
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.