Payden USD (Ireland) Risk Analysis And Volatility

F00000SGGM -- Ireland Fund  

USD 11.03  0.04  0.36%

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 USD Low which you can use to evaluate future volatility of the fund. Please check Payden USD Low Risk Adjusted Performance of 0.079 and Coefficient Of Variation of 715.91 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.

60 Days Market Risk

Very steady

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Barely shadows market
Horizon     30 Days    Login   to change

Payden USD Market Sensitivity

As returns on market increase, Payden USD returns are expected to increase less than the market. However during bear market, the loss on holding Payden USD will be expected to be smaller as well.
2 Months Beta |Analyze Payden USD Low Demand Trend
Check current 30 days Payden USD correlation with market (DOW)
β = 0.0035

Payden USD Central Daily Price Deviation

Payden USD Low Technical Analysis

Transformation
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Payden USD Projected Return Density Against Market

Assuming 30 trading days horizon, Payden USD has beta of 0.0035 suggesting as returns on market go up, Payden USD average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Payden USD Low Duration Credit USD Acc will be expected to be much smaller as well. Moreover, The company has an alpha of 0.023 implying that it can potentially generate 0.023% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.023
β
Beta against DOW=0.0035
σ
Overall volatility
=0.00
Ir
Information ratio =0.37

Payden USD Return Volatility

the fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6607% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Payden USD Investment Opportunity

DOW has a standard deviation of returns of 0.66 and is 9.223372036854776E16 times more volatile than Payden USD Low Duration Credit USD Acc. 0% of all equities and portfolios are less risky than Payden USD. Compared to the overall equity markets, volatility of historical daily returns of Payden USD Low Duration Credit USD Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Payden USD Low Duration Credit USD Acc to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Payden USD to be traded at $10.92 in 30 days. . As returns on market increase, Payden USD returns are expected to increase less than the market. However during bear market, the loss on holding Payden USD will be expected to be smaller as well.

Payden USD correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Payden USD Low Duration Credit and equity matching DJI index in the same portfolio.

Payden USD Current Risk Indicators

Payden USD Suggested Diversification Pairs

Additionally see Investing Opportunities. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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