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
Chance of Distress in 24 months
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 TrendCheck current 30 days Payden USD correlation with market (DOW)|
β = 0.0035
Payden USD Central Daily Price Deviation
Payden USD Low Technical Analysis
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Payden USD Projected Return Density Against MarketAssuming 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
|Alpha over DOW||=||0.023|
|Beta against DOW||=||0.0035|
Payden USD Return Volatilitythe 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.
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
Payden USD Current Risk Indicators
|Risk Adjusted Performance||0.079|
|Market Risk Adjusted Performance||6.69|
|Coefficient Of Variation||715.91|
Payden USD Suggested Diversification Pairs