Payden Absolute (Ireland) Risk Analysis And Volatility Evaluation

Our philosophy towards forecasting volatility of a fund is to use all available market data together with company 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 Coefficient Of Variation of 475.54 and Risk Adjusted Performance of 0.11 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

Payden Absolute Market Sensitivity

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.
One Month Beta |Analyze Payden Absolute Return Demand Trend
Check current 30 days Payden Absolute correlation with market (DOW)
β = -0.0103
Payden Absolute Almost negative betaPayden Absolute Return Beta Legend

Payden Absolute Return Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Payden Absolute Return Bond GBP Acc has beta of -0.0103 suggesting as returns on benchmark increase, returns on holding Payden Absolute are expected to decrease at a much smaller rate. During bear market, however, Payden Absolute Return Bond GBP Acc is likely to outperform the market. Additionally, Payden Absolute Return Bond GBP Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.05
β
Beta against DOW=0.01
σ
Overall volatility
=0.00
Ir
Information ratio =0.46

Actual Return Volatility

Payden Absolute Return Bond GBP Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4414% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Payden Absolute Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Payden Absolute Investment Opportunity
DOW has a standard deviation of returns of 0.44 and is 9.223372036854776E16 times more volatile than Payden Absolute Return Bond GBP 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 GBP Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Payden Absolute Return Bond GBP Acc to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of Payden Absolute to be traded at p;0.0 in 30 days. 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.

Payden Absolute correlation with market

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

Volatility Indicators

Payden Absolute Current Risk Indicators
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