|Horizon||30 Days Login to change|
Payden Absolute Market Sensitivity
|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.One Month Beta |Analyze Payden Absolute Return Demand TrendCheck current 30 days Payden Absolute correlation with market (DOW)|
β = 0.0079
Payden Absolute Return Technical Analysis
Payden Absolute Projected Return Density Against MarketAssuming 30 trading days horizon, Payden Absolute has beta of 0.0079 suggesting as returns on market go up, Payden Absolute average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Payden Absolute Return Bond USD Acc will be expected to be much smaller as well. Moreover, Payden Absolute Return Bond USD Acc has an alpha of 6.0E-4 implying that it can potentially generate 6.0E-4% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Payden Absolute Return VolatilityPayden Absolute Return Bond USD Acc accepts 0.0396% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.