Payden Absolute (Ireland) Risk Analysis And Volatility

F00000QGOD -- Ireland Fund  

USD 11.25  0.02  0.18%

Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Payden Absolute Return which you can use to evaluate future volatility of the fund. Please check Payden Absolute Return Risk Adjusted Performance of 0.2553 and Coefficient Of Variation of 430.5 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

Payden Absolute Return Technical Analysis

We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Payden Absolute Projected Return Density Against Market

Assuming 30 trading days horizon, Payden Absolute has beta of 0.0 suggesting the returns on DOW and Payden Absolute do not appear to be highly reactive. Furthermore, It does not look like the company alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =2.04

Payden Absolute Return Volatility

the fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.657% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Payden Absolute Volatility Factors

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

60 Days Economic Sensitivity


Investment Outlook

Payden Absolute Investment Opportunity

DOW has a standard deviation of returns of 1.66 and is 9.223372036854776E16 times more volatile than Payden Absolute Return Bond USD Acc. 0% of all equities and portfolios are less risky than Payden Absolute. Compared to the overall equity markets, volatility of historical daily returns of Payden Absolute Return Bond USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Payden Absolute Return Bond USD Acc to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Payden Absolute to be traded at $11.14 in 30 days. . The returns on DOW and Payden Absolute are completely uncorrelated.

Payden Absolute correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Payden Absolute Return Bond US and equity matching DJI index in the same portfolio.

Payden Absolute Volatility Indicators

Payden Absolute Return Bond USD Acc Current Risk Indicators

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